Zoltán Kurali will take over as CEO of the Government Debt Management Agency (ÁKK) on September 1, the Ministry of Finance told state news wire MTI on Tuesday.

The Avalon Ristorante in Miskolctapolca (183 km northeast of Budapest, close to the city of Miskolc) has become the first Italian restaurant outside of the capital to receive the Marchio Ospitalità Italiana award, according to the Italian Chamber of Commerce for Hungary (CCIU).

A government resolution published in the official gazette Magyar Közlöny modifies the terms of the sale of state-owned Magyar Gáz Tranzit (MGT), a project company for an interconnector between the gas networks of Hungary and Slovakia, to FGSZ Földgázszállító, a unit of oil and gas company MOL.

The Government Debt Management Agency (ÁKK) sold HUF 19.5 billion of bonds maturing in 2026 and 2028, accepting bonds expiring in 2021 as payment, at a switch auction on Wednesday.

The extension of the Home Purchase Subsidy Scheme for Families to some Hungarian villages (“Falusi CSOK”) has boosted the domestic real estate market, especially in those settlements involved in the scheme, business website mfor.hu reported.

German energy group E.ON has offered to sell parts of its Hungarian electricity business to address European Union antitrust concerns over its bid for rival Innogy’s network and retail assets, international news wire Reuters reported, quoting the company’s chief executive.

Parliament on Tuesday voted to push back the deadline for complying with stricter rules on identifying bank account ownership from July 26 to October 31, state news wire MTI reported.

A new exhibition entitled “Frida’s Country,” featuring German-Mexican photographer Guillermo Kahlo’s most famous works, opened in the Budapest Kunsthalle (Műcsarnok) on June 21.

Just a few months after having its new shares listed, AutoWallis is already being traded in the Equities Prime category of the Budapest Stock Exchange (BÉT), according to a press release sent to the Budapest Business Journal.

The Government Debt Management Agency (ÁKK) sold HUF 20.0 billion of discount three-month T-bills at auction on Tuesday, in line with the original offer, state news wire MTI reported.

The main watermelon harvest in Hungary is expected at the end of this week and early next week, with fruit arriving in the shops at the beginning of July, according to business news site vg.hu. 

Some 15% of Hungarians are loyal to products they usually buy, well above the world average of 8%, yet the rate of Hungarians open towards trying new products has grown by more than one quarter, according to a global survey by market research specialist Nielsen.

The OTP Fáy András Foundation launched a cross-border educational program two years ago that aims to improve the region’s economic knowledge. By now, more than 6,000 students have participated, it says.

George Rosenkranz, the Hungarian-born Mexican chemist who helped synthesize the key ingredient in what became the oral contraceptive known as “the pill,” has died at the age of 102 at his home in Atherton, California, The New York Times reported.

The European Commission (EC) on Monday released the results of a study confirming that some food products sold in different European Union member states, though branded identically or similarly, have a different composition, albeit "not necessarily" of varying quality.

Hungarian venture capital funds invested a combined EUR 346 million in 2018 via a total of 191 transactions, show figures released by the Hungarian Venture Capital and Private Equity Association (HVCA) on Monday, state news wire MTI reported.

Austrian engineering company AVL laid the cornerstone on Monday of a HUF 12.5 billion regional development center in Érd, on the southwestern outskirts of Budapest, state news agency MTI reported.

Another 10 Hungarian companies are joining the Outstanding Exporter Partnership Program sponsored by the Ministry of Foreign Affairs and Trade, state news wire MTI reported.

The first LNG refueling station in Hungary opened today at the Szigetszentmiklós resting station of the M0 orbital motorway at the southwest edge of the capital, awaiting truck drivers.

Germanyʼs Thyssenkrupp is building a HUF 17.4 billion camshaft plant in Pécs (SW Hungary), Minister of Foreign Affairs and Trade Péter Szijjártó  announced in Budapest last Friday. The city will host the firmʼs fifth location in Hungary.