The week in business and finance in Hungary
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A wrap-up of this week’s business and finance news:Â
JAMIE’S PIZZERIA TO OPEN IN BUDAPEST
The first Jamie’s Pizzeria by Jamie Oliver will be opened in the Gozsdu Courtyard in November. The pizzeria will be opened by the Zsidai Group, the owner of the franchise rights of Jamie’s Italian Budapest.
GOVERNMENT’S FILM INDUSTRY COMMISSIONER ANDY VAJNA BOUGHT A MEDIA ENTERPRISE
Government commisioner in charge of the movie industry Andy Vajna and Radio Bridge Media Holdings Ltd., the owner of Lacombe, signed a contract, in the frameworks of which Lapcom and its media products, tabloid Bors and country daily papers Délmagyarország and Kisalföld, were bought by Avalue Investment Ltd., Vajna’s company.
THE IPHONE X IS GOING TO BE THE MOST EXPENSIVE IN HUNGARY
Apple’s presentation of the iPhone X, the iPhone 8 and 8 Plus aired on Tuesday evening in Hungary, where the new updates were revealed, including a neural processor and the face-detecting emoji. The Jubilee iPhone will be the most expensive in Hungary.
HUNENT LAYS CORNERSTONE FOR WATERFOWL PROCESSING PLANT
The cornerstone for a waterfowl processing plant Hunent VÃziszárnyas Feldolgozó is building for 12.6 billion forints in Mélykut, in southern Hungary. The Hungarian government is providing a 4.4 billion forint grant for the investment.
BANK CARD PURCHASES IN HUNGARY CLIMB 25 PC IN Q2
The value of purchases made in Hungary with locally-issued bank cards grew by an annual 25 percent to 1,066 billion forints in the second quarter of 2017, the National Bank of Hungary (NBH) said in a quarterly report.
M+A VALUE IN HUNGARY CLIMBS 12 PC IN H1
The value of mergers and acquisitions (M+A) in Hungary came close to USD 980 million in the first half, up 12 percent from the same period a year earlier, data compiled by consultancy EY show. EY said 66 transactions were closed in the first half, up slightly from 64 in the base period.