Hungarian parliament on Monday evening gave the green light to the ruling Fidesz party's scheme to offer holders of foreign currency-denominated mortgages the option to pay off their full loans at preferential rates.

The Hungarian Army will be able to get free of charge military helicopters worth USD five million a piece, which have been withdrawn from service in the United States Marine Corps, and offered to partner countries.

The long-lasting decrease in Hungary’s construction output also continued in July. The production volume the construction sector declined by 0.8% month on month in July, according to seasonally adjusted figures.

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.