February 3, 2012, 4:45 pmThe 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...
February 3, 2012, 4:04 pmHungary’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...
February 3, 2012, 3:51 pmRyanair 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...
February 3, 2012, 2:57 pmHungary’s forint performed splendidly in January. In fact, it has never done better, and its outstanding appreciation most likely contributed greatly to the worsened outlook of fund managers’...
February 3, 2012, 1:35 pmOn 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...
February 3, 2012, 12:39 pmNo-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...
February 3, 2012, 12:05 pmTravel 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...
February 3, 2012, 9:05 amErste has raised its target price for Richter, Hungary’s largest drugs producer, to HUF 45,650 per share from HUF 43,865 previously and reiterated its ‘Buy’ call. “With its fortunes...
February 2, 2012, 4:43 pmAccording 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...
February 2, 2012, 2:54 pmStock markets had a great finish in January and the general index of the Budapest Stock Exchange (BSE) did not miss it either. On the contrary, with its 10% jump it was among the best performers. Hungary’s...
February 2, 2012, 2:00 pmPortfolio.hu has always considered it one of its key missions to present how global economic events and local economic policy affect business life. In the current environment, we believe, this mission...
February 2, 2012, 1:30 pmRichter Gedeon, Hungary’s leading drugs producer is expected to publish its fourth-quarter 2011 earnings report next week. Analysts polled by Portfolio.hu project that the company will report a substantial...
February 2, 2012, 12:01 pmThe Hungarian subsidiary of Austria’s igm, a manufacturer of robots especially developed for arc welding, is to embark on a HUF 855.5 million (EUR 2.91 m) investment project in the northwest town...
February 2, 2012, 11:32 amHungary’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...
February 2, 2012, 9:27 amErste Bank has on Thursday confirmed its ‘Hold’ recommendation for Hungarian telecoms group Magyar Telekom, while it raised its target price by 5% to HUF 580. The higher TP is mainly driven...
February 2, 2012, 9:12 amThe 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...
February 1, 2012, 4:22 pmErste Bank expects the hit from Hungary's move to let borrowers repay foreign-currency loans at below-market exchange rates to be in line with the provisions for this it built last year, the Austrian lender...
February 1, 2012, 3:41 pmThe European Commission has on Wednesday prohibited, on the basis of the EU Merger Regulation, the proposed merger between Deutsche Börse and NYSE Euronext, saying it would have resulted in a quasi-monopoly...
February 1, 2012, 2:30 pmHungary'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...
February 1, 2012, 2:06 pmThe 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...
