Budapestʼs iconic Liberty Bridge (Szabadság híd) will once again be turned over to pedestrians only for four weekends this summer, Deputy Mayor Alexandra Szalay-Bobrovnicky announced in the capital on Wednesday.

Hungaryʼs Staff House, which organizes worker accommodation for big companies and staffing agencies, plans to double the number of beds it offers from the current 4,000 by yearʼs end, CEO András Kondor said in Wednesdayʼs issue of business daily Világgazdaság. 

Brewery Heineken Hungária is teaming up with charity Hungarian Interchurch Aid to revive local hops and provide a cash crop to some of the countryʼs poorest. New Minister of Agriculture István Nagy participated at the signing ceremony of the cooperation agreement.

A cyber security conference will be held this Thursday, May 24, at the Institute for Foreign Affairs and Trade (KKI), entitled “Cyber threats in Central and Eastern Europe: Perspectives from the Visegrád 4 and the Baltics.”

The stock of fine-tuning FX swaps of the National Bank of Hungary (MNB) will rise to around HUF 1,899 billion following the latest tender Tuesday, data released by the central bank show.   

From this autumn, students enrolling and completing the 18-month part-time MBA program at Budapestʼs SEED Business School will earn an MBA degree from the Maastricht School of Management.

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1.0814 trillion deficit as of the end of April, reaching 79.5% of the HUF 1.3607 tln full-year target, the Finance Ministry confirmed in a detailed monthly report issued Tuesday.   

The Government Debt Management Agency (ÁKK) sold HUF 50.0 billion of discount three-month T-bills at auction on Tuesday, in line with its original offer.

Hungaryʼs government will continue implementing measures designed to reduce particulate matter in the air, as well as preparing a new strategy to better manage such pollution, the Ministry of Agriculture said Friday, responding to the European Commissionʼs decision to step up an infringement procedure against the country.

Gedeon Richter Plc. announced Friday that the Pharmacovigilance Risk Assessment Committee (PRAC) of the European Medicines Agency (EMA), as a conclusion of its review procedure related to Richterʼs drug Esmya, is recommending new measures to minimize the risk of rare but serious liver injury using Esmya for treatment of uterine fibroids.

Duna-Dráva Cement Kft., widely known as the Vác Cement Factory, says it has invested HUF 7 billion in renovating the factory to improve its sustainability and environmental protection. As a result of the project, the living conditions of the nearby population will also improve.

Revenue of Hungarian flooring maker Graboplast rose 4% to close to HUF 19 billion last year, the company said on Friday. EBITDA increased 8% to more than HUF 1.7 bln.

The ministers of Viktor Orbánʼs new government took their oaths in Parliament today, after receiving their appointments from President János Áder, national news agency MTI reported.

Due to the scale of investments, which has been the highest since 1995, the biggest headcount increase in the engineering and manufacturing area has come from the automotive industry. Nearly 40% of investments are automotive, and in 2017 the automotive industry’s production value exceeded HUF 8 trillion. Industry 4.0 projects are in high focus, while a key requirement for the lead plants is to integrate and educate suppliers from the SME segment.

The Hungarian Private Equity and Venture Capital Association (HVCA) has announced that Christian Majgaard, former head of global brand and business Development at Lego will be the keynote speaker at its 20th Annual Investment Conference, which will take place at the Hotel Hilton Castle, Budapest on June 12.

A new, multi-phase innovation development project has begun at Magyar Suzuki’s factory. The HUF 5.3 billion R&D project supported by EU funding is led by Suzuki as part of a consortium. During the four-year project, Magyar Suzuki Corporation and its partners will introduce smart manufacturing processes and build an innovative supplier network. As a result of this modernization, new, competitive, safe and thoroughly tested Suzuki prototypes will be created at Suzuki factory by 2020.

The Hungarian Competition Authority (HCA) has never shied away from using its most effective investigative tool: the dawn raid. Since 2017, the possibility to search the premises and all devices, documents and data of an undertaking are available not only in those cases where the HCA suspects that an anticompetitive agreement or abuse of dominance has taken place, but also when a merger is under scrutiny by the competition enforcer.

The European Commission (EC) on Thursday took the next step in an infringement procedure against Hungary over air quality, while launching another procedure over nuclear waste legislation. In addition, it stepped up a third procedure over spirits taxation.

The opening ceremony of a new representative office of the National Bank of Hungary (MNB) took place in New York on Wednesday, May 16, according to an announcement on the central bankʼs website. After Paris, Rome and Hamburg, it is the fourth such office opened by the MNB abroad.

A summer camp with a twist is offering business development experience to entrepreneurially-minded children, helping to familiarize kids with how businesses work in a playful, interactive way.