Listed IT company 4iG had HUF 280.5 million after-tax profit in the first quarter of 2019 compared to a HUF 106.2 mln loss in the same period a year earlier, the company said in an earnings report posted on the Budapest Stock Exchange today, Hungarian news agency MTI reports.

Marking the International Day of Light, Tungsram has donated 12,000 lamps to Franciscan monk Csaba Böjteʼs Transylvanian childrenʼs homes, according to a press release sent to the Budapest Business Journal.

Hungary is facing the most serious obesity problem in Europe, with about 30% of adults struggling with the condition, and another 30% overweight, says Hungarian news site Index, citing data released to mark European Obesity Day.

The World Wildlife Fund announced the transformation of the WWF International Danube-Carpathian Program to the WWF Central and Eastern Europe (WWF-CEE), in order to better reflect the broader geographical scope of the organization, extending beyond the Danube and Carpathian ecoregions, according to a press release sent to the Budapest Business Journal.

Located at the meeting point of Districts VIII., IX. and X., Népliget is becoming the new business district of Budapest and still has a good deal of development potential, according to portfolio.hu.

The governmentʼs support strategy for SMEs is being developed after extensive social consultations, said state secretary for economic strategy and regulation László György at a press conference on Thursday, state news wire MTI reports.

Romania and Hungary are pushing the EU to make it easier for orchard farmers to distil their own fruit brandy, a traditional practice in Central and Eastern Europe that is restricted in the bloc on health grounds, news wire reuters.com reported.

Hungary will seal another long-term gas supply deal with Russia later this year if U.S. energy giant ExxonMobil fails to take a decision on investing in a huge offshore project in the Black Sea, Minister of Foreign Affairs and Trade Péter Szijjártó told Reuters on Wednesday.

Hungarian search engine optimization (SEO) agency Klikkmánia has announced the apppointment of Ferenc Dudás as its new operative director, says a press release sent to the Budapest Business Journal.

Some 43% of Hungarian IT experts would be willing to leave the country if they were offered a better job, a rate well above the 35% average rate among other professions, according to research by Boston Consulting Group (BCG), HR specialist The Network, and job portal Profession.hu.

Assets of investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) reached HUF 6,378 billion at the end of April, up 2% year-on-year, fresh data from the association show, state news agency MTI reported.

The Government Debt Management Agency (ÁKK) sold a combined HUF 31 billion of securities at auction on Thursday, as planned, state news wire MTI reported.

Efforts by the United States have reduced delivery costs of liquefied natural gas (LNG) to a terminal planned off the coast of Croatia, making the gas competitive with pipeline deliveries, the U.S. Ambassador to Hungary said in an interview with independent news website 444.hu.

Taking place May 16-19 at the Millenáris Park, this year’s edition of the annual Gourmet Festival will showcase food created by outstanding chefs from local and international restaurants, the website of the event reported.

The Monetary Council of the National Bank of Hungary (MNB) will continue to "rely mainly" on the central bankʼs quarterly Inflation Report when assessing the outlook for inflation, while also analyzing monthly macroeconomic data, show the minutes from the monthly policy meeting in April released Wednesday.

Hungarian roof tile manufacturer Terrán triumphed at the Business Superbrands Awards, taking home the accolade for the fifth time in the companyʼs history, according to a press release sent to the Budapest Business Journal.

The Government Debt Management Agency (ÁKK) sold HUF 35.5 billion of bonds maturing in 2026 and 2028, accepting securities expiring in 2020 as payment, at a switch auction on Wednesday, state news wire MTI reported.

Hungaryʼs net external financing capacity - the combined surpluses of the current and capital accounts - stood at EUR 1.119 billion in the first quarter of 2019, compared to EUR 100 million in Q4 2018, state news agency MTI calculates based on monthly balance of payments data from the National Bank of Hungary (MNB).

The Ritz-Carlton, Budapest has announced the appointment of Daniel Kusch as its new director of revenue management, responsible for the hotel’s overall revenue management activities, says a press release sent to the Budapest Business Journal.

The gross domestic product of Hungary rose by 5.3% according to raw data, and by 5.2% according to seasonally and calendar-adjusted and reconciled data, in the first quarter of 2019 compared to Q1 2018, says a flash estimate from the Central Statistical Office (KSH) released Wednesday.