Jul 18, 2026
More than 10,000 Hungarians participated in Budapest's 31st annual Pride march on Saturday, the first since right-wing Prime Minister Viktor Orbán was voted out of office in April 2026. Participants braved record heat to celebrate what many described as a 'new era' after 16 years of government restrictions on LGBTQ+ rights and the event itself.
Hungary will reverse restrictive cryptocurrency regulations introduced under former leader Viktor Orban in 2025 that required approved validation for crypto transactions and carried potential prison sentences. The rules had triggered platform suspensions, an EU probe, and drove major digital asset firms out of the country.
Hungary returned previously seized Ukrainian funds and gold reserves, with President Zelenskyy calling it 'an important step in relations with Hungary.' The move signals a thaw in relations following Peter Magyar's election victory over Viktor Orban.