Budapest Airport, the operator of the Liszt Ferenc International Airport, will be closing down Terminal 1, spokesman Mihály Hardy said. After the collapse of the country’s national carrier Malév, Terminal 2 is sufficient to manage the reduced traffic.

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.

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.

In early 2012, a new retail format, a multi-level Outlet Plaza will open its doors in central Budapest. The 10,000-square-meter retail center is a new retail format in Hungary, as outlets are usually located outside of the city.

Hungarian restaurateur George Lang passed away on the fifth of July in his home in New York City at age of 86. Born in Hungary, he learned music, his fate took him to New York city where he gave up music and got involved in gastronomy.

The Budapest Municipality Assembly has approved the new flag of the Hungarian capital. The change is necessary because Budapest's current flag is very similar to that of Romania, Budapest Mayor István Tarlós argued.

The City of Budapest has launched an Internet survey asking residents to select one of 12 spots in the city to be named after Elvis Presley, the mayor of the Hungarian capital, István Tarlós announced on Wednesday.

Ticket sales by the Budapest public transport company did not increase in the past year despite a significant rise in fuel prices over the same period, the Hungarian business daily Napi Gazdaság reported on Tuesday.

Six new hotels (including three-, four- and five-star hotels and an apartment hotel) with 400 rooms are due to be inaugurated in Budapest this year, real estate consultant Colliers International announced on Wednesday.

The current peak season of auctions at the art market has brought a few recognitions to which participant’s expectations need to be readjusted to be financially successful. Experts and art appraisals analyze the year’s new outcomes.

The Swedish Embassy in Budapest and the Swedish Trade Council held a conference in the Hungarian capital with the title "Stockholm / Budapest Green Capital" on what a city, businesses and individuals can for sustainable development, the environment.