Economy

The halting of Malév’s operations could have far-reaching consequences for the Hungarian budget. Via Budapest Airport, the operator of the Budapest Liszt Ferenc (formerly Ferihegy) International... 

Hungary’s state-owned airline Malév has announced on Friday that as of 6.A.M. today its fights will not take off after 66 years of almost uninterrupted operation. A passenger told state-run newswire... 

Ryanair has announced on Friday that it will base four new Boeing 737-800 series aircraft at Budapest Airport commencing in just two weeks time on 17 February where it will open 31 new routes. The no-frills... 

On early Friday afternoon International Lease Finance Corporation (ILFC) is to fly back nine aircraft leased by the collapsed Hungarian airline Malév to its base in Ireland, local newswire MTI reported... 

No-frills airline Wizz Air plans a substantial 66% capacity boost in Hungary in 2012 as a response to the collapse of the country’s flag carrier Malév. As a new destination it will add Bucharest... 

Travel Service is to launch scheduled flights from Budapest under Smartwings brand name, said Attila Farkas, managing director of the largest private airline in the Czech Republic, on Friday. Hungary’s... 

According to the latest estimate, Hungarian commercial banks are facing losses of HUF 210 billion (EUR 717.72 m) from a government programme assisting foreign currency mortgage holders in repaying their... 

Hungary’s left-wing parties have gained some popularity, while far-right Jobbik has turned less popular, the January survey by Medián showed on Thursday. The governing Fidesz party enjoys practically... 

The Budapest Metropolitan Court has appointed a trustee in bankruptcy for financially strung national airline Malév. The carrier has recently been classified by a government decree as a company of strategic... 

Hungary's government published decrees on Tuesday, earmarking HUF 2 billion as preparation for the possible grounding of national airline Malév. The measure came just hours after the carrier’s Chairman... 

The International Monetary Fund (IMF) is not urging Hungarian authorities to eliminate subsidies to transport companies, Iryna Ivaschenko, the Fund’s Resident Representative in Budapest, told the... 

Following a decline in December 2011, Hungary’s new passenger car registrations picked up again in January 2012: a total of 4,934 new cars were sold, which corresponds to a 44% year-on-year jump... 

While Hungary’s National Economy Ministry and the management of Budapest are all committed to rescuing the debt-laden Budapest Transport Company (BKV), the International Monetary Fund (IMF), from... 

(Adds details, charts) Hungary’s final trade figures for November 2011 published by the Central Statistics Office (KSH) on Wednesday show virtually the same picture as the preliminary data. The... 

Hungary's manufacturing purchasing manager index (PMI) rose to 49.8 points in January 2012 from 48.6 in December 2011 (which was revised upward from 48.5), the Hungarian Association of Logistics, Purchasing... 

“We are flying and I hope we’ll be flying tomorrow too," János Berényi, Chairman of Hungary’s state-owned airline Malév told a press conference on Tuesday. The carrier was taken under... 

There is a zero chance that a HUF 10,000 road usage fee will be slapped on every vehicle owner in the Hungarian capital city, Budapest mayor István Tarlós told a press conference on Tuesday. The mayor... 

Stupidity (or desperation) knows no bounds, it seems. A young man walked into the police station in Hódmezővásárhely (southeast Hungary) and tried to rob the officers there. He got arrested and is now... 

Domestic sales prices of Hungary’s industry decreased by 0.3% month on month and grew by 7.4% year on year in December 2011, the Central Statistics Office (KSH) has reported on Tuesday. Export sales... 

The number of employed people in Hungary was 3.851 million in the October-December period of 2011, some 46,000 more than in the base period. The rate of unemployment, however, picked up to 10.7% in Q4...