International real estate developer HB Reavis is set to open its first HubHub co-working office on Király utca in Budapest by the end of the year. 

Wizz Air’s József Váradi represented Hungary in the 2018 “EY World Entrepreneur of the Year” competition in Monte Carlo. The title was won by Brazilian businessman Rubens Menin.

The National Bank of Hungary (MNB) allocated HUF 50 billion of its monetary policy interest rate swaps (MIRS) designed to flatten the yield curve at a tender on Thursday, state news wire MTI reported.

The next EU-Chambers “Business Chill” will feature with the Mexican ambassador as special guest, according to a press release from the Hungarian-Bulgarian Chamber of Commerce. 

The European Travel Commission (ETC)’s monitoring of Chinese air traveler trends has revealed the extent of growth of Chinese tourism in Europe, with Hungary producing particularly strong numbers.

Hungarian drugmaker Gedeon Richter said on Thursday the Romanian National Agency for Medicines and Medical Devices (NAMMD) has suspended the operating license of its local wholesaler, Pharmafarm, for a breach of Good Distribution Practice.

The most popular holiday targets for Hungarians are waterfront destinations, mainly abroad. On average Hungarian holidaymakers are spending HUF 250,000 on a week at the seaside.

In January–April 2018, average gross earnings amounted to HUF 322,400, while average net earnings totaled HUF 214,400. Both the latter grew to the same extent, by 12.4% compared to the first four months of 2017. In April 2018 alone, average gross monthly earnings were 12.6% higher than a year earlier.

The Government Debt Management Agency (ÁKK) sold a combined HUF 55.0 billion of bonds at auction on Thursday, raising its original offer by HUF 5.0 bln on strong demand for the longest term.   

The government submitted a bill to Parliament late Tuesday that would require foreign investors from outside of the European Union, the European Economic Area (EEA) and Switzerland to disclose to the authorities certain acquisitions in Hungary.   

Hungary is among the cheapest countries in the EU when comparing price levels for food, beverages and tobacco, reveals a study by Eurostat, the statistics office of the EU. Prices vary considerably across the EU Member States.

Moodyʼs Investors Service has changed its outlook from positive to stable on Digi Communications N.V. (Digi or DCS), the parent company of RCS & RDS S.A., a pay-TV and communications services provider in Romania and Hungary.

Hungarians have greater confidence in European institutions than the EU average, while they are very critical of the level of corruption in their own country, according to a report recently published by Eurostat, the EUʼs statistics office, on the perceptions of EU populations in various areas.

Hungaryʼs Actual Individual Consumption (AIC), a measure of the material welfare of households, was 63% of the European Union average last year, at purchasing power parity, shows a report released Tuesday by Eurostat, the EUʼs statistics office.   

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1,187.5 billion deficit at the end of May, the Ministry of Finance confirmed in a second reading of data released Wednesday.  The deficit thus reached 87.3% of the HUF 1,360.7 bln full-year target.   

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.   

A bill submitted by the government to Parliament late Tuesday would raise the revenue threshold for the Small Business Tax (KIVA) and phase out the Simplified Business Tax (EVA).  The bill was among a plethora submitted during the day, affecting real estate investment trusts (REITs), late payments, bank transfers and other areas.  

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.