The Government Debt Management Agency (ÁKK) bought back a combined HUF 21.37 billion of bonds expiring in 2019 before maturity at a reverse auction on Wednesday.   

Political Capital Policy Research & Consulting Institute has brought together local and British experts to discuss the potential consequences of Brexit, including its effects on Hungary, on Thursday, June 28, under the title: “Brexit: What impact will it have on the U.K., Europe and Hungary?”

Hungary is just one week away from learning the name of the best pálinka (traditional fruit brandy) in the country. Some 48 manufacturers submitted more than 307 entries to the annual National Pálinka Competition. The organizers will announce this year’s winner in Parliament on June 28.

The Hungarian Competition Authority (GVH) has accepted commitments made by peer-to-peer home stay network Airbnb Ireland to make changes to the way it informs Hungarian speakers about pricing, the GVH said on Tuesday.

Although the highest wages in Hungary are paid in Budapest, this is also the city where people need to work the longest time to make enough to buy a 50 square-meter apartment: 113 months, or almost 10 years, shows a study by real estate database ingatlan.com.

German semiconductor manufacturer Infineon Technologies inaugurated a HUF 17 billion expansion at its base in Cegléd, central Hungary, on Monday. The government supported the investment, which will create 533 jobs, with a HUF 1.2 bln non-returnable grant.

The Government Debt Management Agency (ÁKK) sold HUF 52.0 billion of discount three-month T-bills at auction on Tuesday, raising its original offer by HUF 12 bln on strong demand from primary dealers.

The Hungarian Banking Association (MBSz) has welcomed plans by the National Bank of Hungary (MNB) to lower statutory debt-to-income ratios for mortgage borrowers who donʼt take out loans at rates fixed for a period of at least ten years, state news agency MTI reports today.   

A public offering and private placement of shares of BILK Logistics, which owns one of the biggest logistics parks in Budapest, starts Wednesday, June 20, and runs until July 4, the issuer said on the website of the Budapest Stock Exchange (BÉT) Tuesday.

Revenues of McDonaldʼs Magyarországi Étterem Hálózat, which owns the 40 McDonaldʼs fast food restaurants in Hungary that do not operate as franchises, rose more than 16% to HUF 27.6 billion last year, the company told state news wire MTI.

Revetas, a property investment firm specializing in the Central European region, has acquired Budapest-based integrated real estate concern TriGranit from TPG Real Estate, the real estate platform of global private investment firm TPG, according to an announcement by TriGranit on Monday.

A memorandum of understanding on the establishment of a European front office in Hungary for the International Investment Bank (IIB) was signed in Budapest on Monday by Hungarian Minister of Finance Mihály Varga and IIB chairman Nikolay Kosov. 

Popular Hungarian easy listening instrumentalist St. Martin will celebrate his 25th anniversary by giving two concerts on July 21 in the UNESCO World Heritage-listed Baradla Cave in Aggtelek (235 km northeast of Budapest, close to the border with Slovakia). 

After six years as PwC Hungary’s Country Managing Partner, Nick Kós will be moving on to a new role as CEO for the Central and East European region, with effect from July 1, 2018. He will be succeeded by Tamás Lőcsei, PwC Hungary’s Tax & Legal Services Leader.

Revenues of local do-it-yourself stores operating under the Praktiker brand rose by 22% to HUF 47.8 billion last year, Managing Director Karl-Heinz Keth said on Monday.  The company, majority owned by the Wallis Group, targets 10% revenue growth this year, he added.   

Coca-Cola HBC Hungary is investing HUF 1.8 billion in an expansion of its mineral water plant in Zalaszentgrót, in the west of the country, where it will begin production of its Glaceau Smartwater premium product, the company said on Monday.   

The National Bank of Hungary (MNB) plans to tighten its debt-to-income ratio rules for mortgage loans to help reduce the exposure to interest rate risks of households, according to a communiqué from the central bank published Monday.  

Revenues of internet service providers (ISPs) in Hungary rose 12% year-on-year to HUF 59.1 billion in the first quarter, shows a summary of sector data by the Central Statistical Office (KSH), cited by state news agency MTI.   

The Central European University (CEU) is awarding its highest honor, the Open Society Prize, to the distinguished Hungarian economist János Kornai in recognition of his work in inspiring economic transition in former communist societies.

Both the number and value of fraud cases related to online purchases using bank cards increased year-on-year in the fourth quarter of 2017, according to data released by the National Bank of Hungary (MNB), cited by state news wire MTI.