A foundation that holds 10% stakes in Hungarian blue chips MOL and Richter is being established to fund Corvinus University of Budapest, the ministers of justice and of innovation and technology said on Monday, state news agency MTI reported. 

No permit will be granted for Julyʼs Red Bull Air Race, which traditionally takes place over the Danube in Budapest, the Office of the Mayor told Hungarian news agency MTI on Tuesday.

Budapest has been voted this yearʼs "European Best Destination" by travelers, with the Hungarian capital topping a list of 15 competitors, ahead of second-placed Braga in Portugal, and the Italian town of Monte Isola in third, according to a press release sent to the Budapest Business Journal by European Best Destinations.

According to the Neighborhood Price Index 2019 by Nestpick, a worldwide aggregator website for furnished apartments, a monthly salary as high as nearly EUR 1,720 (approx. HUF 545,000) may be needed in order to comfortably afford a single-person apartment in Budapest.

As part of the Liget Budapest project, roads in Városliget (City Park) and the public lighting system will be renovated, according to a report by online news site index.hu. 

Despite the current cold snap, the chances of a white Christmas in Budapest are getting slimmer than earlier forecasts suggested, according to an update on meteorological website idokep.hu.

The MOL Bubi public bike-sharing system has been expanded with a new docking station and 20 green bikes, with the help of real estate developer Skanska Hungary, according to a press release sent to the Budapest Business Journal.

According to holiday website onthegotours.com, the Advent Feast at the Basilica in Budapest ranked among the most popular Christmas markets in Europe on Instagram, clinching 12th place.

Budapest has been awarded the right to host the IAAF World Athletics Championships in 2023, according to the decision of the organizationʼs council, which met on Tuesday in Monaco, the federationʼs official website says.

The International Property Awards has recognized Budapestʼs new Museum of Ethnography, an element of the museum quarter being established in the capitalʼs Városliget (City Park), as "Worldʼs Best Architecture" and "Best Public Service Architecture Hungary," Hungarian news agency MTI reported.

Budapestʼs iconic Széchenyi Chain Bridge will be lit up in the blue and white of the Scottish flag this Friday and Saturday evenings to mark St. Andrew’s Day, the National Day of Scotland, according to a press release sent to the Budapest Business Journal.

The capital’s biggest and oldest ice rink has been welcoming visitors as of this week for the winter months, according to the ice rinkʼs official website.

Hungaryʼs government is allocating HUF 80 billion in support for the renovation of the capitalʼs number 3 metro line, Gergely Gulyás, the head of the Prime Ministerʼs Office said at a regular press briefing on Thursday, Hungarian news agency MTI reports.

Budapest City Council on Wednesday raised the revenue threshold for exemption from the local business tax from HUF 1 million to HUF 1.5 mln from January 1, 2019, Hungarian news agency MTI reported.

The High Note SkyBar has announced its special offers for the winter, honoring the Golden Age of Hollywood by offering a movie-inspired menu and cocktails on the roof of the Aria Hotel Budapest, according to a press release sent to the Budapest Business Journal.

More than a century after summer and winter times were first introduced in the German Empire and Austria-Hungary, the practice of turning the clocks forward and back is set to be abolished by the European Union, which may spark a serious crisis in IT systems, according to computer consultancy firm Netlock.

The Hungarian government is offering a financial guarantee in support of Budapestʼs bid to host the 2023 International Association of Athletics Federations (IAAF) World Championships, national news agency MTI reports.

New buildings of the Budapest campus of the Central European University (CEU) at Nádor utca 13 and 15 have been named among four finalists for the International Prize of the Royal Institute of British Architects (RIBA), an award honoring the world’s best new buildings, according to the universityʼs official website.

Scottish-based craft beer maker BrewDog has announced its network expansion with the opening of a new beer bar this fall on Anker köz in Budapest, boasting 20 taps serving a variety of beers, according to the companyʼs official website.

Reconstruction works will start on the Széchenyi Lánchíd (Chain Bridge) with the termination of a public procurement process in the second half of 2019, current affairs site hvg.hu reports. The renovation work is expected to be completed in two years.