HungaryTrends – The week in business and finance
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See below main business and financial news from the previous week:
BUDAPEST IS AMONG THE SMARTEST CENTRAL AND EASTERN EUROPEAN CITIES – MAP
A research conducted by Eib.org focusing on the level on which European Union members make use of smart applications, illustrating the findings on maps. The Hungarian capital city is somewhere on the middle ground, read more HERE.
THESE ARE THE MOST INFLUENTIAL FIGURES IN THE HUNGARIAN BESIDES LIFE
Manager Magazin Top 101 lists the most influential businessmen in Hungary. This year, Sándor Csányi, Lőrinc Mészáros, and György Matolcsy made it to the top 3, as VG.hu reports. Read more HERE.
DAIMLER BREAKS GROUND FOR THE SECOND PLANT IN HUNGARY
German carmaker Daimler laid the cornerstone of a 1 billion euro plant at its base in Kecskemét, in central Hungary. The new plant, Daimler’s second in Hungary, will create 2,500 jobs. Production is expected to start in 2020. Read more HERE.
CHINA’S ZHEJIANG KAISHAN COMPRESSOR TO BUILD EUR 140.5m POWER PLANT IN HUNGARY
China’s Zhejiang Kaishan Compressor has agreed to build a 45 billion forint (EUR 140.5m) geothermal power plant in Túra, near Budapest, Foreign Minister Péter Szijjártó told MTI during a visit to Shanghai. The 40MW power plant will supply heat to farms and residential buildings as well as generate electricity. Read more HERE.
HUNGARY SECOND-MOST PROBED COUNTRY BY EU’S ANTI-FRAUD OFFICE OLAF!
Hungary, along with Poland was the second-most investigated country by the EU’s anti-fraud office OLAF in 2017 after Romania, with the office had looked into 10 cases related to the use of EU funds in the former two member states, according to its annual report released on Wednesday. OLAF conducted 11 probes in Romania. Read more HERE.
WIZZ AIR FLEET REACHES 100 AIRCRAFT
Hungarian low-fare airline Wizz Air added the hundredth aircraft to its fleet in Budapest. Wizz Air celebrated the event with the unveiling of a special livery on a Wizz Air Airbus A321. Read more HERE.
INDUSTRIAL OUTPUT CLIMBS 7.8 PC IN APRIL
Hungary’s industrial output rose by an annual 7.8 percent in April, the Central Statistical Office (KSH) said in a first reading of data. Adjusted for the number of working days, of which there were two fewer ones in the base period, output increased by 2.9 percent. Read more HERE.