The Government Debt Management Agency (ÁKK) sold HUF 15.0 billlion of discount three-month T-bills at auction on Tuesday, in line with the original offer, state news wire MTI reported.

Festival-goers left more than HUF 104 million unspent on their FestiPay cards at 2018ʼs Sziget Festival, with the money staying in the system as there is no possibility for transferring it back to users other than doing so on site, news portal 444.hu reports.

Hungarian firms tend to determine increasingly strict deadlines, leading to many clients asking for delays, which may become a challenge for companies in case of an economic downturn, according to a report by debt management firm Intrum.

Hungarian SMEs and large enterprises may both apply for state research and development grants, with support of HUF 500 million possible for individual projects, Big Four advisory firm Deloitte tells the Budapest Business Journal.

The Jesuit Church of the Sacred Heart in Budapest is the first organization to install a bank card terminal for donations, news site portfolio.hu reported.

German electric utility giant E.ON is expected to win EU antitrust approval to buy rival Innogy’s network and retail assets, sources have told international news wire Reuters. 

Listed firm OTT-ONE said Monday it has signed a contract to provide IT and digital security services worth a net HUF 1.9 billion. OTT-ONE said it will deliver the services to a Hungarian company, but did not disclose the name of its partner, citing business confidentiality.   

Mercedes-Benz Hungária announced today that Reinhard Münster has been appointed as new CEO effective July 15, 2019, replacing Jörg Schmidt, who served in the role since January 2016 and is moving on to a new assignment within the Daimler group.

The barley and rape crops are of lower quality than last year, and while wheat quality is adequate, the toxin situation is unfavorable, with agriculture expecting average crop quality in general this year, state-owned warehousing firm Concordia Közraktár Zrt. told the Budapest Business Journal.

The percentage of Hungarians over the age of 14 who listen to the radio every day fell to 37% in 2018, from 42% in 2017, shows a survey by the National Media and Infocommunications Authority (NMHH).

Retail investors subscribed for almost HUF 103 billion of Hungarian Government Securities Plus (MÁP Plusz) bonds in the sixth week since their launch at the beginning of June, show data released by the Government Debt Management Agency (ÁKK).

At the invitation of CIB Bank and its parent company Intesa Sanpaolo, Apple co-founder Steve Wozniak will come to Budapest on October 30, speaking at the Novathon 2019 conference alongside other major international players in financial innovation.

American startup GENISAMA LLC will hold an exhibition and sale of its first products for new Autonomous Programming for General Purposes (APFGP) technology at the International Joint Conference on Neural Networks (IJCNN), to be held July 14-19, 2019, in Budapest.

Moodyʼs Investors Service has today assigned first-time long-term Baa2 and short-term Prime-2 local currency, and long-term Baa3 and short-term Prime-3 foreign currency deposit ratings, to Raiffeisen Bank Zrt. (RBH).

The Vertigo Film Week, organized by Vertigo Media in partnership with Budapest Film Zrt., will be hosted by the Puskin cinema in Budapest this July 24-31, according to puskinmozi.hu.

Hungary was the biggest buyer of German weapons in the first half of 2019, news portal portfolio.hu reported. New acquisitions of the Ministry of Defense amounted to HUF 573 billion, which Hungary will pay in instalments.

Hungaryʼs Continest Technologies, which makes foldable containers for short-term use at events, revealed Friday that it has received a HUF 1.25 billion capital injection from Takarék Venture Capital Fund, state news agency MTI reported.

The Fudan-Corvinus Double Degree MBA Program is the highest-level program of Corvinus University of Budapest, which was launched in February 2019 with the participation of 18 persons. 

Lawmakers on Friday approved tax changes earlier announced as part of expanded support for families and a package of tax cuts and growth incentives, Hungarian news agency MTI reported.

Budapest shopping mall Árkádʼs EUR 5.8 million Food Loft project has entered a new phase, with the development area being delivered to tenants, according to a press release sent to the Budapest Business Journal.