The best Hungarian business news from the previous week
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See below MTI’s main business and financial news from the previous week:
WIZZ AIR LAUNCHES NEW FLIGHTS TO NORWAY AND SWITZERLAND
From next spring on, there will be two weekly flights to Stavanger, Norway, and five to Basel, Switzerland, according to Wizz Air’s announcement made at a press conference on Thursday. Read more HERE.
WABERER’S SHARE SUBSCRIPTION RUNNING UNTIL JUNE 29
Hungarian road haulage company Waberer’s will offer its shares for subscription in an initial public offering from June 19 until June 29.
SIEMENS LAYS CORNERSTONE OF EUR 32.3m TURBINE BLADE PLANT
German engineering giant Siemens laid the cornerstone of a 10 billion forint (EUR 32.3m) turbine blade plant it is building at the manufacturing base of Siemens Power and Gas in Budapest. Read more HERE.
NBH POLICY MAKERS SET HUF 300BN LIMIT ON THREE-MONTH DEPO FOR END-Q3
The National Bank of Hungary’s Monetary Council set a 300 billion forint limit on the stock of three-month deposits, the central bank’s main sterilisation instrument, for the end of the third quarter at a policy meeting. Three months earlier the Council set the limit for the three-month depo stock at 500 billion forints for the end of Q2.
HUNGARY, CROATIA SIGN DECLARATION OF INTENT ON REVERSE GAS FLOWS
Hungary and Croatia signed a declaration of intent to enable reverse gas flows between the two countries.
HUNGARY GROSS WAGES CLIMB 14.6PC IN APRIL
The average gross monthly wage in Hungary rose 14.6 percent year-on-year to 303,011 forints in April, the Central Statistical Office (KSH) said.