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.

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 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 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.

The Government Debt Management Agency (ÁKK) sold a combined HUF 49.5 billion of securities at auction on Thursday, slightly more than planned, according to state news wire MTI.

Hungarian automotive industry company Rábaʼs first-quarter after-tax profit more than doubled to HUF 396 million, up from HUF 173 mln in the base period as revenues climbed, an earnings report released late Wednesday shows.

Hungaryʼs state debt as a percentage of GDP reached 74.2% at the end of the first quarter, fresh data released by the National Bank of Hungary (MNB) on Thursday show. The ratio, which now includes Eximbank, is up from 73.6% at the end of Q4 2017, but down from 76.2% twelve months earlier.  

Uniqa Insurance had pre-tax profit of HUF 820 million last year, up from HUF 225 mln a year earlier, CEO Krisztián Kurtisz said on Wednesday, as reported by state news wire MTI.

Currently two city bus lines connect Budapest to Ferenc Liszt International Airport. The capitalʼs public transport company (BKK) says it plans changes to these in order to better serve passenger needs.

The European Parliamentʼs Committee on Culture and Education (CULT) has expressed serious criticisms regarding the situation in Hungary in areas of its concern. A similar position was expressed last month by the EP Committee on Civil Liberties, Justice and Home Affairs (LIBE).

Young Hungarians are very optimistic about their retirement age. The vast majority expect to supplement their state pension with savings made during their active years, a study by the Groupama insurance group and NRC Market Research reveals.

Futureal Group has begun construction of the Etele Plaza mall in Budapest, near the Kelenföld railway station. The shopping and entertainment center, with a gross building area of 155,000 square meters, will be the biggest of its kind on the Buda side of the city.

The National Bank of Hungary (MNB) injected HUF 100 billion of forint liquidity into the Hungarian banking system through the latest in its series of "fine-tuning swap tenders" on Monday, where it offered one-month and three-month forint swaps against euros.