The Government Debt Management Agency (ÁKK) sold a combined HUF 20 bln of securities at auction today, in line with its original offer, Hungarian news agency MTI reported.

German-owned Schmidt&Bender Hungária Optikai will start building a HUF 350 million rifle scope plant in Tenk (115 km east of Budapest) in days, sales manager Ádám Kocsis told Hungarian news agency MTI.

Revenue of the Hungarian unit of Danish window maker Velux rose 5% to HUF 36.2 billion last year, Velux Magyarország said yesterday.

German engineering giant Bosch has wound up a HUF 1.6 billion project to establish a shared services centre at its power tools plant in Miskolc, Robert Bosch Power Tool Kft managing director László Fűkő said yesterday.

Hungary’s President János Áder had pardoned only two people by the end of June this year, while two years ago 24 and last year 22 individuals were pardoned through the whole year, according to a summary by the Ministry of Justice, Hungarian daily Magyar Hírlap.

Hungary has issued yuan-denominated "panda" bonds, targeted at the domestic Chinese market, for the value of RMB 1 bln with three-year maturity and a 4.85% coupon, the Government Debt Management Agency (ÁKK) said today, Hungarian news agency MTI reported.

According to CEE Legal Matters, Lakatos, Koves and Partners (LKT) provided Hungarian law advice to Mid Europa Partners in relation to the IPO of Waberer’s International Nyrt. The legal specialist publication adds that White & Case acted as international legal advisor, and Shearman & Sterling and Kinstellar represented the mandated lead arrangers.

The Government Debt Management Agency (ÁKK) sold a combined HUF 22.5 billion of bonds maturing in 2026 for ones expiring in 2019 at a switch auction today, Hungarian news agency MTI reported.

Csaba Polacsek has been appointed as new partner at PwC Hungary, according to a press statement sent to the Budapest Business Journal. 

After an outstanding investment market performance in 2016 with EUR 1.54 billion invested, investors have already spent EUR 795 million in the first half of the year in the Hungarian commercial real estate market, CBRE Hungary said in a press statement sent to the Budapest Business Journal today.

Hungarians have a high degree of trust in public authorities to protect their consumer rights, but little confidence in mechanisms designed to air grievances over unfair commercial practices, an annual report by the European Commission shows, Hungarian news agency MTI reported.

Hungarian-owned electronic manufacturing service provider Videoton Holdingʼs revenue grew by 8% in the first half of the year compared to the same period last year, co-CEO Otto Sinko said yesterday, Hungarian news agency MTI reported.

Hungarian food safety authority NÉBIH yesterday warned of an occurrence of African Swine Fever (ASF), a disease with a near 100% fatality rate in pigs, just 20 km from the border.

The Hungarian Investment Promotion Agency (HIPA) helped coordinate decisions on 47 investments worth a combined EUR 1.3 billion in the first half of the year, Minister of Foreign Affairs and Trade Péter Szijjártó said at a press conference today.

The space at the meeting of Bükköny and Sáfrány streets in Budapest’s District IX was today named Ljubljana Square, after the capital’s General Assembly decided on the move on June 21, according to Hungarian news portal index.hu.

The Government Debt Management Agency (ÁKK) sold HUF 15 bln of discount three-month T-bills at auction today, in line with the original offer.

Hungary’s Prime Minister Viktor Orbán and President of the International Olympic Committee (IOC) Thomas Bach shared a working lunch in Budapest on Sunday, according to a report by official government website kormany.hu.

President Julio César Maglione, on behalf of the World Swimming Association (FINA), awarded the organization’s highest ranking to Prime Minister Viktor Orbán yesterday in the Parliament building in Budapest, according to reports.

Ole Bjørn Sjulstado has been appointed the CEO of Telenor Bulgaria as of August 1 and his current position of deputy CEO at Telenor Hungary will be taken over by Christian Wulff Søndergaard, who is currently responsible for Telenor Group’s European and Regulatory matters in Brussels, according to a press statement sent to the Budapest Business Journal.

The National Bank of Hungary (MNB) allotted HUF 150 billion of one- and 12-month forint swaps against euros at a tender yesterday, data released by the central bank shows, Hungarian news agency MTI has reported.