The K&H banking groupʼs first-quarter after-tax profit rose 8% year-on-year to HUF 10.1 billion as client numbers rose while costs and taxes fell, CEO David Moucheron said at a press conference today, Hungarian news agency MTI reported.

Holding company PIO-21 has made a public buyout offer for all of the shares of the Budapest Stock Exchange-listed property developer Budapest Ingatlan Hasznosítási és Fejlesztési (BIF), the company said in a statement today on the bourseʼs website, Hungarian news agency MTI reported.

O’Learys Bar & Restaurant sports bar in Budapest has recently celebrated its first anniversary and to mark the occasion is to introduce a new spectator’s menu, the so-called “Fan’s Platter”, according to a press statement sent to the Budapest Business Journal.

Real estate company Duna Houseʼs first-quarter after-tax profit edged down 9% year-on-year to HUF 266 million, an earnings report released early today shows, according to Hungarian news agency MTI.

Tamara Szántó has been appointed head of office agency in Hungary at real estate firm Cushman & Wakefield with immediate effect, according to a press statement sent to the Budapest Business Journal.

Revenue of state-owned lottery company Szerencsejáték rose 10% to HUF 385.5 billion last year, it told MTI.

Total revenues of Hungarian low-cost airline Wizz Air increased by 10% to EUR 1.571 billion in its 2017 financial year (FY2017) ending on March 31, according to audited results the airline announced today. Profit for the year (IFRS) was a record EUR 246.0 million, a 27.5% year-on-year increase.

The ELI Attosecond Light Pulse Source (ELI-ALPS) laser research center was inaugurated in Szeged on Tuesday in the framework of the European Unionʼs Extreme Light Infrastructure (ELI) project, according to reports. Prime Minister Viktor Orbán called it “the largest scientific investment in Hungary in modern history.”

The Government Debt Management Agency (ÁKK) sold a combined HUF 40 bln of bonds at auction today, raising its original offer by HUF 3 bln on strong demand for the five-year bonds, Hungarian news agency MTI reported.

Hungarian banksʼ pre-tax return on equity reached 16.9% last year, returning to pre-crisis levels, but profits were lifted by one-offs, the National Bank of Hungary (MNB) said in its biannual Financial Stability Report today, according to Hungarian news agency MTI.

New York Governor Andrew M. Cuomo announced on Wednesday his readiness to enter into discussions with the Hungarian government to continue the relationship with the State of New York that enables the Central European University (CEU) to keep operating in Budapest. CEU welcomed the governorʼs statement.

Dénes Éless has been named online chief at Invitel Group Hungary, taking effect from May, according to a press release sent to the Budapest Business Journal. The group aims to develop its customersʼ online experience and strengthen the brand digitally through the recruitment of the new leader.

Real estate developer CTP is calling a competition for visual artists to ornament the walls of its own industrial buildings, creating an outdoor art gallery, according to a press statement sent to the Budapest Business Journal. The competition is being piloted in the Czech Republic before being extended to Hungary, among many other European countries.

The board of spirits maker Zwack Unicum will propose to shareholders payment of a dividend of HUF 1,050 per share on earnings from the business year ending March 31 at the annual general meeting scheduled for June 29, the AGM agenda shows.

Online bookings accounted for a little more than two-thirds of domestic guestsʼ spending on rooms at commercial accommodation in Hungary last year, a survey by online researcher GKI Digital shows, according to Hungarian news agency MTI.

The National Bank of Hungary (MNB) accepted HUF 175 billion of placements in its three-month deposits for banks at a tender on Wednesday, well under the HUF 325 bln of maturing deposits, Hungarian news agency MTI reported.

Eight months after earthworks began and the foundation stone was laid, all floors of the Ibis Styles hotel at Budapest’s Ferenc Liszt International Airport with direct terminal access are structurally complete and the highest point of the structure has been reached, according to a press release sent to the Budapest Business Journal.

Eisberg Hungary produces 130 tons of salad products a week and exports almost half of it, chiefly to fast food chain McDonald’s in Austria and other European units, according to a press release sent to the Budapest Business Journal.

The Government Debt Management Agency (ÁKK) bought back a combined HUF 19.13 billion of bonds expiring in 2018 before maturity at a reverse auction today, according to Hungarian news agency MTI.

The European Union’s decision to waive visas for Ukrainian citizens from mid-June is expected to boost tourist traffic from Transcarpathia to Western Europe and Israel, Debrecen International Airport expects, in its position 130 kilometers from the Ukrainian border, according to a press statement sent to the Budapest Business Journal.