Budapest Update Dec. 25, 2025: Gellért and Rác Baths Renovation Delays Deepen as BKK Signs MOL Bubi 3.0 Contract

BUDAPEST, Hungary — December 25, 2025. Budapest is closing out the year with two headline stories that matter to both residents and visitors: the city’s famous thermal bath renovations are facing renewed uncertainty after a key financing step stalled, while the capital’s MOL Bubi bike-sharing system is moving into a major expansion phase—without the feared winter shutdown.