Thursday has seen the start of the National Gallop on Heroes' Square in Budapest. It is aelebration of Hungarian traditions including traditional Hungarian horseback riding and hussar traditions, first organized in 2008.

Brussels expressed its concerns over the Hungarian government’s plan to help people with foreign currency-denominated mortgages by allowing debt pay-off well under the market rate. Austria is infuriated and “firmly rejects” the measure.

The latest plan by the government includes measures affecting the cost of borrowing, utilities prices and foreign currency-denominated mortgages. There may be a higher VAT rate for luxury purchases and the public jobs program expanded.

The Hungary's Economy Minister György Matolcsy has proposed increasing the value-added tax on luxury items in a letter sent to European Tax Commissioner Algirdas Semeta, the Ministry of National Economy said in a statement on Wednesday.

Hungarian government representative András Kármán and the British Ambassador to Hungary, Greg Dorey signed a Double Taxation Agreement in Budapest. The agreement reflects modern business developments between the two countries.

Hungary is to further reduce its public debt in October and November, taking it down from 77% of gross domestic product to 73%, Prime Minister Viktor Orbán told a news conference after a cabinet meeting on Tuesday.

Hungarian athletes Anikó Kálovics and Tamás Kovács won the women’s and the men’s race, respectively, at the 26th Nike Budapest International Half Marathon race in the Hungarian capital this Sunday. The field included almost 1,500 foreign runners.

RE project development ltd launched a campaign for the safety of people working in office buildings with the title ‘REvive’. The aim is to provide defibrillator for employees of tenants in office buildings and to give life-saving skills and practical experience as well.

Officers at the Hungarian Banking Association are not yet sure how to interpret Prime Minister Viktor Orbán's Wednesday morning statement that "splitting losses" will be a key priority task this fall, an official at the Association said.

Norwegian coach Karl Erik Böhn is the new manager of the Hungarian women’s national handball team. His contract expires until after the 2016 Summer Olympics in Rio de Janeiro. However, his contract may be supervised or even canceled.

Bank of China Ltd. may be a new addition to the currently 15-strong list of primary dealers of Hungarian government bonds, CEO of the State Debt Management Agency (ÁKK), Gyula Pleschinger told Bloomberg in an interview on Monday.

Sunshine Garage requires little ground space but offers unrivalled technical safety and speed as well as safety of valuables - in congested cities or as a P+R facility. Also, it offers the quickest return on investment in the non-residential sector.

This Sunday, two Budapest football clubs, Vasas and Ferencváros play their Hungarian first division match in the Puskás Stadium, the last league match as the establishment, opened in 1953 as People’s Stadium, is to be demolished.

August 25th was another record-breaking day as the temperature reached all-time highs for this day both in Budapest and nationwide. In the Hungarian capital, temperature was first measured officially in 1871.