The Budapest Business Journal on the web

Budapest Airport temporarily closes Terminal 1, postpones Cargo City investment

Friday 07:50, March 16th, 2012

Liszt Ferenc International Airport Operator Budapest Airport said Wednesday it will temporarily close Terminal 1 of the airport and postpone the planned construction of the air cargo reloading center Cargo City following the grounding of national carrier Malév.Read more

Wizz Air adds destinations to summer timetable

Wednesday 03:30, March 14th, 2012

Wizz Air will operate direct flights between Budapest and Varna, Palma de Mallorca and Milan.Read more

Court rules radio frequency decision partially invalid, but tender still stands

Wednesday 03:20, March 14th, 2012

Autórádió's application for the frequency was not signed as formal conditions in the tender indicated, the court states.Read more

Hungarian can maker rescued by US peer

Wednesday 02:50, March 14th, 2012

Szenna Pack was recently bought by a unit of US peer Exal Corporation, and will soon restart production.Read more

Taxes and death - interview with Andrew G. Vajna, the government commissioner for the Hungarian film industry

Wednesday 12:40, March 14th, 2012

"My personal aim is also to bring the Hungarian audience back to the cinemas to watch Hungarian movies," government commissioner for the Hungarian film industry Andrew G. Vajna says in an interview with the Budapest Business Journal.Read more

Donau Chemie to establish production base in Hungary

Wednesday 10:25, March 14th, 2012

The base of the Austrian chemicals company will make chemicals used in water management.Read more

Budapest Airport to close Terminal 1

Wednesday 10:15, March 14th, 2012

A significant drop in turnover following the grounding of Malév has lead to the decision; according to the airport operator, Terminal 2 can handle all flights.Read more

Műszer Automatika spends almost HUF 1 bln on expansion

Wednesday 10:05, March 14th, 2012

The company was awarded almost HUF 100 million in grant money for the investment.Read more

Swiss investment group to invest HUF 1 bln in Est Media

Tuesday 08:20, March 13th, 2012

GEM will be authorized to subscribe 3 million Est Media shares within five years at an issue price of HUF 280 per share.Read more

Sales designations of foreclosed properties under quota

Tuesday 07:30, March 13th, 2012

Hungarian lenders designated the sale of 5,050 foreclosed properties in the six months until the end of March.Read more

Neuzer inaugurates HUF 690 mln bicycle plant

Tuesday 01:45, March 13th, 2012

The plant will employ 130 people to turn out an annual 140,000 bicycles, designed by the company.Read more

Parliament votes to establish committee for Malév

Tuesday 12:00, March 13th, 2012

The committee will assess the privatization of Malév and its subsequent re-nationalization, as well as the privatization of Budapest Airport.Read more

Aegon to wind up private pension business

Monday 01:55, March 12th, 2012

Members of Aegon's fund have until March 31 to return to the state pension pillar.Read more

OTP Bank raises capital by €12 mln at Montenegrin unit

Monday 01:50, March 12th, 2012

OTP Bank on Monday announced a €12 million capital raise at its unit in Montenegro.Read more

Albacomp files for bankruptcy protection

Monday 01:50, March 12th, 2012

Albacomp aim to reach an agreement with suppliers and creditors to continue as a property management company.Read more

MOL to raise fuel prices from Wednesday

Monday 01:40, March 12th, 2012

Petrol and diesel price will both rise by HUF 7 from Wednesday – a new historic high for petrol.Read more

Media authority upholds decision awarding mobile frequency to newcomer

Monday 01:35, March 12th, 2012

Frequency block award upheld by National Media and Infocommunications Authority after appeal from existing market players.Read more

Rába signs five-year supply agreement with John Deere

Monday 01:20, March 12th, 2012

Hungarian automotive company Rába has signed a new five-year supply agreement with US farm machinery giant John Deere.Read more

MNB sells lenders €2.5 bln of euros to support early FX repayment

Monday 01:05, March 12th, 2012

Lenders made €2.489 billion in euro purchases from the MNB as they took advantage of the government scheme to cover early repayment of foreign currency mortgages.Read more

MKB Bank sues City of Budapest

Monday 10:50, March 12th, 2012

MKB Bank has filed a lawsuit against the Budapest local council for €25 million plus interest over a contract on the construction of a cultural center.Read more

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