Listed holding company Altera has announced the appointment of former Appeninn CEO Gábor Székely as Chief Investment Officer, to advance the companyʼs automotive growth strategy as it embraces the four automotive companies of Wallis in the future, according to a press release sent to the Budapest Business Journal.

Austriaʼs Raiffeisen Bank International (RBI) booked Q1-Q3 after-tax profit of EUR 57 million at its business in Hungary, falling 39% from the corresponding period a year earlier as provisions releases were smaller, an earnings report released Wednesday shows, Hungarian news agency MTI reported.

The Government Debt Management Agency (ÁKK) sold HUF 38.5 billion of bonds maturing in 2026 and 2028, accepting securities expiring in 2020 as payment, at a switch auction on Wednesday, state news wire MTI reported.   

Three of Wingʼs Hungarian developments - the Ericsson House, ibis Styles Budapest Airport Hotel, and Kassák Residence - were honored in the first round of the European Property Awards, according to a press release sent to the Budapest Business Journal.

The American Chamber of Commerce In Hungary (AmCham) is holding its annual Thanksgiving Charity Dinner in the Budapest Marriott Hotel on Monday, November 19, from 6 p.m. 

One of the oldest brand names in Hungary, Tungsram, known originally for its light bulbs and relaunched in April 2018, has entered into a strategic agreement with Budapest Airport, operator of Ferenc Liszt International Airport, reveals a press release sent to the Budapest Business Journal.

As of December 3, 2018, the EU Geo-blocking Regulation will apply. The regulation is relevant for all traders actively offering their goods or services to end-users (both B2C and B2B) in the EU, regardless of whether the trader is established in the EU or in a third country (i.e. a non-EU Member State).

Social transfers in Hungary reduced the number of people at risk of poverty by 46% last year, showing one of the biggest impacts in the European Union, according to data from the EUʼs statistics office Eurostat, cited by Hungarian news agency MTI.

Loffice and UniCredit have announced an event on HR and work-related topics, to take place in Loffice Budapest this Wednesday, November 14, according to a press release sent to the Budapest Business Journal.

The Hungarian Public Relations Association (MPRSZ) has announced the establishment of its public affairs division, increasing the number of MPRSZ divisions to five, according to a press release sent to the Budapest Business Journal. 

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.

The best 41 innovative startups and teams from Central, Eastern and Southern Europe will pitch their ideas at the EIT Joint Grand Final, competing for awards to the value of EUR 200,000, according to a press release sent to the Budapest Business Journal.

The Government Debt Management Agency (ÁKK) sold HUF 50.0 billion of discount three-month T-bills at auction on Tuesday, in line with the original offer.

Production volume of Hungaryʼs automotive industry declined 9.5% year-on-year in September, a detailed second reading of monthly data released by the Central Statistical Office (KSH) on Tuesday shows. Overall, industrial output was down 0.6% year-on-year in September, the KSH confirmed.

Hungariansʼ monthly per capita spending on foodstuffs amounted to HUF 24,600 in the first half of 2018, up by 15.4% in current prices compared to H1 2017, shows a summary of preliminary household consumption data published by the Central Statistical Office (KSH), Hungarian news agency MTI reported.

The Institute for Foreign Affairs and Trade (KKI), in cooperation with the State Secretariat for European Union Affairs of the Prime Minister’s Office, is organizing a roundtable discussion entitled “Stronger Together: Brexit – A Form of New Cooperation or Nasty Divorce?” , according to the instituteʼs official website.

The strong performance of the tourism industry in Hungary did not peak at the end of the summer season; there continues to be a higher number of guests registered on a year-on-year basis, with an especially strong growth in domestic tourists, according to a press release from the Hungarian Tourism Agency (MTÜ).

Completion of the Paks II project, the expansion of Hungaryʼs Paks Nuclear Power Plant, may be postponed until 2032, instead of the official 2026-27 deadline, according to a report by Hungarian daily newspaper Népszava.

The volume of construction output was 25.8% higher in September 2018 than a year earlier based on raw data, according to monthly figures from the Central Statistical Office (KSH). Output increased in both main groups of construction: in the construction of buildings by 22.2%, and in civil engineering works by 30.5%.

CEE Transport, the majority owner of Hungarian road haulage firm Wabererʼs, confirmed its continued support for the company after an earnings report published Friday showed "weaker profitability," Wabererʼs said in a disclosure published on the website of the Budapest Stock Exchange (BÉT) on Monday.