Business and finance highlights from Hungary

Following are last week’s top business and finance stories:

MORE NEW FLIGHTS ANNOUNCED FROM HUNGARY 

It was announced in May 2018 that Wizz Air would launch seven new flights from Debrecen Airport. Four flights launched last December already, but there are three other destinations that will be available only from the spring of 2019. Check out the new destinations HERE.

TOURISM INDUSTRY OPPOSED TO MOVING LOW-FARE FLIGHTS OUT OF CAPITAL 

Moving low-fare flights from Liszt Ferenc International to an alternative airport outside of the capital would be a “tactical error” and does not have the support of the tourism industry, the chairman of the Hungarian Hotel and Restaurant Association (MSZESZ) said in Friday’s issue of daily Magyar Nemzet. Read more HERE.

DILLER SCOFIDIO + RENFRO TO DESIGN HUNGARIAN MUSEUM OF TRANSPORT 

The US architecture firm of Diller Scofidio + Renfro has won an international tender to design the new Hungarian Museum of Transport in Budapest. Read more HERE.

ORBÁN REVEALS PLAN TO BOOST HUNGARIAN COMPANIES’ INVESTMENTS ABROAD

Prime Minister Viktor Orbán asked National Bank of Hungary (NBH) governor György Matolcsy to draft a programme that will boost Hungarian companies’ investments abroad. “Hungarian companies should earn at least as much money abroad as foreign companies earn in Hungary,” he said. Read more HERE.

SK INNOVATION TO SPEND HUF 239 BN ON SECOND EV BATTERY PLANT IN HUNGARY

Plans were announced for South Korea’s SK Innovation to spend 239 billion forints on the construction of a second electric vehicle battery plant in Hungary. The plant, in Komarom, in north-western Hungary, will employ 1,000 people when production starts by early 2022.

BOSCH TO INVEST HUF 9.6 BN AT AUTOMOTIVE ELECTRONICS BASE IN HUNGARY

Plans were announced for German engineering giant Bosch to invest 9.6 billion forints at its automotive electronics base in Hatvan, in eastern Hungary by the end of 2020. Bosch’s automotive electronics business employs 5,550 people in Hungary. Read more HERE. 

MATOLCSY APPOINTED NBH GOV FOR SECOND TERM

Gyorgy Matolcsy was appointed to a second six-year term as governor of the National Bank of Hungary. Read more HERE.

Featured image: MTI

Source: MTI