The Budapest city council has invited tenders to operate "hop-on, hop-off" sightseeing buses in the city, the Hungarian news agency MTI reported. The concession is for 20 years and guarantees a monopoly on a market worth 1.5 billion annually.
The Budapest city council has invited tenders to operate "hop-on, hop-off" sightseeing buses in the city, the Hungarian news agency MTI reported. The concession is for 20 years and guarantees a monopoly on a market worth 1.5 billion annually.
Hungary-based budget airline Wizz Air reports a jump in profits for the first quarter of 2016. The airline also saw halving of its intended second half growth to the UK and re-deploying this capacity to other non-UK routes due to the outcome of the Brexit vote.
Hungarian oil and gas group MOL has announced that it is selling its minority stake in Energopetrol to INA, its own Croatian subsidiary. The share purchase agreement with INA concerns the sale of MOL's 33.5% equity stake in Energopetrol.
On-demand ride share service company Uber is suspending its services in Budapest as of 24 July when new legislation enters into effect, facilitating the blocking of platforms that offer "illegally operating taxi services."
Budapest Airport Co. Ltd. will make a HUF 50 bn investment over the next five years. The program includes a new passenger pier, and the construction of an airport hotel as well as a series logistics and security-related investments will all begin shortly.
Hungarian oil and gas group MOL has announced on Friday a new oil and gas discovery in the TAL Block it operates in Pakistan. This marks the 8th discovery in the block and Mol's 12th discovery in the country, portfolio.hu reports.
The European Bank for Reconstruction and Development's (EBRD) Board of Directors has approved taking a 15% stake in the Hungarian unit of Erste Group Bank, an EBRD spokesman is quoted by portfolio.hu as saying this Wednesday.
Luxury carmaker Mercedes-Benz has announced a HUF 185 billion (some EUR 595 mn) worth of investment at its Hungarian plant in Kecskemét. This amount already includes the EUR 250 mn to be spent on a new bodywork unit there.
Hungary's carbon-dioxide emission can be reduced by as much as 15,000 tons with the introduction of a new photo-voltaic plant that has been inaugurated near the southern Hungarian city of Pécs. It is an investment of HUF 4 billion (most of it EU funding).
The first full week-end this May will see the third Food Truck Show Budapest in the Kincsem Park horse racing venue. The main is to present food trucks offering the best quality meals and drinks to the audience who can also enjoy several horse races.
German engineering giant Siemens and French automotive supplier Valeo will manufacture engines for electric and hybrid cars. The venture will be headquartered in Germany with facilities in China, France, Norway, Poland and Hungary.
International financial software developer firm Misys has partnered with Dorsum, an innovative investment software provider in Hungary, to integrate online brokerage functionality in its Misys FusionBanking Essence digital channels software
The Central and Eastern European region has achieved a significant improvement in its desirability as a logistics location. 8 sites from the region have successfully made it to the top 20 list of most popular European locations - a 100% increase since 2013.
Hungary's ADMATIS Ltd. has designed and procured mechanical and thermal equipments for a high resolution Multi-Spectral Imaging Instrument, such as brackets for electronics (with radiators), thermal shields and baffles for the satellite Sentinel 2.
German carmaker Daimler will invest a further EUR 250 million at its Mercedes manufacturing base in Kecskemét, east-central Hungary by 2018. The company will invest in technology developments as well as expand its production capacity.
