The Hungarian National Assembly has accepted a proposal which significantly raises the wages of sitting MPs, to almost three times the amount of the national average. Ministersʼ salaries are also set to more than double.

Attila Kujbus, leading associate for auditing services at professional services firm EY, has been appointed partner, now also responsible for innovational developments.

The Government Debt Management Agency (ÁKK) sold HUF 60 billion of three-month discount T-bills at auction on Tuesday, HUF 20 bln over its original offer of HUF 40 bln as demand rose further.   

The British Chamber of Commerce in Hungary (BCCH) has moved its headquarters to the Bank Center in Budapest’s District 5, as of July 1. Prior to the move, the chamber spent four years at the Eiffel Palace.

Education statistics in Hungary show a mixed picture. While the rate of employment among recent graduates is among the highest in Europe, and above the EU average, the rate of early leavers from education is also rising.

The number of private debtors registered in the retail subsystem of the Central Credit Information System (KHR) in Hungary has never been so high. This is mainly due to the increase in home loans.

The government submitted a bill on priority developments in Budapest on Monday. The bill defines how the state will be involved in major developments in Budapest, including a new Student City and the area of Buda Castle.

A passenger appeared to be disturbed and allegedly started praying at Terminal 2A of Ferenc Liszt International Airport this morning, leading to the brief evacuation of the terminal at one point.

U.K. monthly business and finance magazine Euromoney has named OTP Bank the “Best Bank” in both Hungary and the CEE region in 2018, says a press release sent by the Hungarian bank to the Budapest Business Journal.

While some countries in Western Europe have accident insurance coverage among their populations of more than 80%, Hungarian coverage is paltry, at only 10-20%, according to a press release sent to the Budapest Business Journal by Union Insurance. 

The volume of construction output in Hungary was 15.1% higher in May 2018 than a year earlier, based on monthly raw data from the Central Statistical Office (KSH). Output increased in both main groups of construction: in the construction of buildings by 8.8%, and in civil engineering works by 23.7%.

Budapest Micro, an independent theater company, has announced that it will start performing short dramas at the downtown ruin pub Szimpla Kert, in both English and Hungarian.

The grace period for online invoicing in Hungary ends on July 31, with the regulation having come into effect from the beginning of this month. Those unable to comply by the deadline are advised to look for alternatives.

Forint liquidity of Hungaryʼs banking sector narrowed in June from a month earlier, which was mainly reflected in a decrease in the average stock of one-day deposits, the National Bank of Hungary (MNB) said in a report based on preliminary data on Thursday.   

The board of road haulage company Wabererʼs International has adjusted its outlook for the year 2018 and now expects full-year group EBITDA to slightly decrease compared to EUR 85.8 million last year, the company said on the website of the Budapest Stock Exchange (BÉT) on Thursday.

State-owned long-distance bus operator Volánbusz said Wednesday it has decided to withdraw from a contract with troubled bus producer Ikarus Egyedi for the purchase of 180 articulated buses after the latter failed to deliver the buses even 90 days after the April 11 delivery deadline.   

In May 2018, the volume of industrial output grew by just 0.4% year-on-year, the Central Statistical Office (KSH) reported in a second estimate Thursday, confirming its flash reading released last week. Adjusted for the number of working days – of which there was one more in the base period – output climbed 3.8%.

Cordia, the residential subsidiary of the Futureal Group, has announced its entrance onto Budapest’s District 9 market with a 1,300-apartment development in the Millennium Quarter. 

Last year passenger traffic at Ferenc Liszt International Airport in Budapest reached a record number of 13.1 million. According to forecasts, the airport can expect to record over 14.5 mln passengers by the end of this year, business news portal portfolio.hu reports.

The Government Debt Management Agency (ÁKK) sold a combined HUF 33.5 billion of securities at auction on Thursday, lowering its original offer by HUF 1.5 bln, state news wire MTI reported.