The National Bank of Hungaryʼs Monetary Council decided to keep the central bankʼs key rate on hold at 0.9% at a monthly policy meeting today. The council also left the overnight central bank deposit rate at -0.15% and the O/N collateralized loan rate at 0.9%.

The Government Debt Management Agency (ÁKK) sold HUF 70.0 billion of discount three-month T-bills at auction on Tuesday, raising its original offer by HUF 20.0 bln on strong demand from primary dealers.

Hungarian authorities imposed more than HUF 200 million in fines last year related to labor irregularities. Illegal hiring of workers grew by 5% between 2016 and 2017, business news portal vg.hu reports.

Zoltán Balog will leave his position as head of the Ministry of Human Capacities, the superministry that oversees the health and education portfolios, among others, to concentrate on chairing the Foundation for a Civic Hungary (PMA), the minister said in an interview with internet news portal origo.hu published late Monday.   

In February 2018, the volume of sales in retail shops, according to both raw and calendar-adjusted data, grew by 6.6% compared to the same month last year, a second estimate of February retail figures shows. The figure represents a slight rise of 0.1 of a percentage point on that published in the first estimate on April 5.

The British Chamber of Commerce in Hungary (BCCH) is presenting a “Soulful Enterprise Workshop” on Wednesday morning, May 16. Soulful Enterprise is billed as a fresh way of thinking about business with an expansive mindset that adds creativity, extends generosity, and connects humanity for the common good.

The OTP Bank Gourmet Festival, running this May 17-20, will feature the top restaurants, wineries and confectioneries, as well as a taste of international top gastronomy. This yearʼs themes are dumplings, caviar and champagne.

The stock of fine-tuning FX swaps of the National Bank of Hungary (MNB) will rise to around HUF 1,586 billion after a tender on Monday, show data released by the central bank and cited by state news wire MTI.   

Skanska’s commercial development unit in Central and Eastern Europe has summarized its 2017 performance in Poland, Romania, Hungary and the Czech Republic. This shows that the company sold seven buildings for over EUR 360 million and leased 180,000 square meters in ten CEE markets, a 10% increase year-on-year.

In a note to a statistical release on deficit and debt data for 2017, the EUʼs statistics office Eurostat expressed its reservation Monday over the way Hungary classifies the foundations of the National Bank of Hungary (MNB) in its national accounts statistics, arguing that they should be included in the general government sector.

Digital innovation and education company EIT Digital is inviting growth-stage startups with a deep tech focus to apply for the fifth annual EIT Digital Challenge. The best ten companies will receive prizes totaling EUR 750,000, including comprehensive international growth support. The application deadline is June 14.

Demand for Hungarian real estate from buyers outside the EU, although still relatively low, has grown lately. The percentage of foreign buyers, including from the EU, was 6-7% last year, online business daily vg.hu reports. Some 2% were citizens of countries outside of the European Union and European Economic Area.

The second Italian Sunset "Aperitime" networking event of the year will be organized by the Italian Chamber of Commerce for Hungary (CCIU) on Wednesday, April 26.  

There is little wonder that a business celebrating 25 years in Hungary should look back on its history, but Commerzbank Zrt. President-CEO Klaus Windheuser is just as keen to look to the future.

Igor, the Siberian tiger of Szeged Zoo, is being treated with a stem-cell procedure which has already proven its value in human medicine, and which - it is hoped - will relieve the joint pains the big cat has been suffering for many years, says a press release sent to the Budapest Business Journal.

Digital technologies have dramatically impacted the culture around work and working: Today’s workers have a new focus on purpose, mission and work-life integration.

A nationwide competition for street artists will be organized in ten major Hungarian cities from this spring, with the series set to kick off in Eger (NE Hungary) on April 28-29. The Street Art Show is open to anyone who fancies convincing the public of their talents, with winners selected based on votes of street audiences at each venue.

Very high scope of accounting and tax services and a high level of customer satisfaction, with customised, localised client solutions.

TulipánTündér Produkciós Non-Profit Kft. has found a new exhibition space in the historic Párizsi Nagyáruház building on downtown Andrássy út, where the tenant will occupy 1,600 square meters. In the transaction, real estate services firm JLL represented the landlord, Divatcsarnok Projekt Zrt.

In February 2018, average monthly gross earnings amounted to HUF 306,500, 11.9% higher than a year earlier. In January–February 2018, average gross earnings amounted to HUF 308,700 and net earnings to HUF 205,300, both up 12.9% compared to the first two months of 2017, earnings data from the Central Statistical Office (KSH) show.