[MadsPLP]

Vice is right. Journey by Moonlight was a highlight for me in the end of 2014.

Other than that, I'd strongly suggest anything by Péter Nádas (especially A Book of Memories, which is long, but absolutely magnificent; I don't know if there is much local flavour, though, as it rests somewhere between a writer like Jens Peter Jacobsen, a writer like Proust, and the novel of ideas as exemplified by Musil (though much more accessible) or Péter Esterházy. Sándor Márai or Magda Szabó - whose The Door was recently translated - would be of interest as well.

I can't lay claim to being an expert in Hungarian literature, but these are definitely major writers in world literature.