1,929 result(s) for crisis
Malév Grounded, Hungarian Airline Crisis Advice
- 3 Feb 2012 10:11 AM
- current affairs
Malév stopped operations after 66 years of flying this morning at 6am CET, Friday 3 February. A company announcement explained the shutdown was due to the airline being unable to finance advance payments to its service partners who had “lost trust” in the Hungarian national carrier. XpatLoop.com was invited to a special event in Budapest today where
Ryanair To Open Budapest Base, 31 New Routes
- 3 Feb 2012 9:00 AM
- travel
Following the grounding of Malév today Ryanair announced that it intends to launch 'a rescue plan' for Hungarian air travel and tourism. Ryanair confirmed that it will base 4 new Boeing 737-800 aircraft at Budapest Airport commencing Friday 17th February. Fares will start from EURO 9.99 ...
Wizz Air Offers Rescue Fares To Malév Passengers
- 3 Feb 2012 8:07 AM
- travel
Wizz Air, the largest low fare – low cost airline in Central and Eastern Europe announced today that it would provide a special rescue package to passengers impacted by the suspension of Malev’s operations by offering re-routing alternatives to/from Budapest.
Hungarian Cabinet Shelters Malév From Creditors
- 2 Feb 2012 12:55 AM
- travel
"The cabinet stepped in to save Malév from creditors yesterday morning, shortly before CEO Lóránt Limburger announced that the state airline did not have the funds to continue operations beyond Tuesday. The cabinet declared Malév to be a company of strategic importance, meaning that creditors cannot initiate its liquidation.
Police Looking Into Budapest Transport Company's Contracts
- 31 Jan 2012 8:00 AM
- current affairs
"Police raided BKV headquarters on Monday evening looking for documents related to former leaders of the Budapest public transport company it was announced. Detectives are investigating six contracts related to former CEO Istvan Kocsis, his former deputy Ferenc Olti and two other former senior BKV officials.
Michelin Puts Off Investment, Citing Uncertainties In Hungary
- 31 Jan 2012 8:00 AM
- business
"Tyre maker Michelin has indefinitely postponed plans to expand capacity at its plant in Nyiregyhaza, due to the uncertain economic environment under the present government, the Hungarian unit’s managing director John Young told Vilaggazdasag.
IMF Report About Hungary Bristles With Warnings
- 31 Jan 2012 8:00 AM
- current affairs
"Hungary's economy may see slight growth at best this year, as the country remains highly vulnerable due to the high state debt and its exposure to the euro zone crisis, the IMF writes in its latest report on Hungary, released last week. The IMF advises the government in its report to make economic policy predictable to regain the confidence of investors and to continue with structural reforms.
Malév Crisis: Emergency Liquidity Plan, Extremely Limited Room For Manoeuvre
- 31 Jan 2012 8:00 AM
- current affairs
"During today’s meeting of the Board of Directors, Chief Executive Officer of Malév Lóránt Limburger informed the Board that despite the continually improving commercial results the financing of activities had become unviable and was unresolved from the end of January. At the same time, talks with ILFC on Friday had proved successful after agreement was reached that the American leasing ...
Guided Tour In English, Yona Friedman Exhibition, Ludwig Museum Budapest, 28 January
- 25 Jan 2012 8:04 AM
- entertainment
"The architect and thinker of Hungarian origin, Yona Friedman is one of the outstanding and exceptionally versatile figures of the urban architectural discourse that developed in the second half of the twentieth century. He drew cities on colossal trusses rising up, floating above metropolises, rivers or marshes, bridges connecting four continents, multi-storeyed urban gardens, residential ...
Malév Grounded, Hungarian Airline Crisis Advice
- 3 Feb 2012 10:11 AM
- current affairs
Malév stopped operations after 66 years of flying this morning at 6am CET, Friday 3 February. A company announcement explained the shutdown was due to the airline being unable to finance advance payments to its service partners who had “lost trust” in the Hungarian national carrier. XpatLoop.com was invited to a special event in Budapest today where
Ryanair To Open Budapest Base, 31 New Routes
- 3 Feb 2012 9:00 AM
- travel
Following the grounding of Malév today Ryanair announced that it intends to launch 'a rescue plan' for Hungarian air travel and tourism. Ryanair confirmed that it will base 4 new Boeing 737-800 aircraft at Budapest Airport commencing Friday 17th February. Fares will start from EURO 9.99 ...
Wizz Air Offers Rescue Fares To Malév Passengers
- 3 Feb 2012 8:07 AM
- travel
Wizz Air, the largest low fare – low cost airline in Central and Eastern Europe announced today that it would provide a special rescue package to passengers impacted by the suspension of Malev’s operations by offering re-routing alternatives to/from Budapest.
Hungarian Cabinet Shelters Malév From Creditors
- 2 Feb 2012 12:55 AM
- travel
"The cabinet stepped in to save Malév from creditors yesterday morning, shortly before CEO Lóránt Limburger announced that the state airline did not have the funds to continue operations beyond Tuesday. The cabinet declared Malév to be a company of strategic importance, meaning that creditors cannot initiate its liquidation.
Police Looking Into Budapest Transport Company's Contracts
- 31 Jan 2012 8:00 AM
- current affairs
"Police raided BKV headquarters on Monday evening looking for documents related to former leaders of the Budapest public transport company it was announced. Detectives are investigating six contracts related to former CEO Istvan Kocsis, his former deputy Ferenc Olti and two other former senior BKV officials.
Michelin Puts Off Investment, Citing Uncertainties In Hungary
- 31 Jan 2012 8:00 AM
- business
"Tyre maker Michelin has indefinitely postponed plans to expand capacity at its plant in Nyiregyhaza, due to the uncertain economic environment under the present government, the Hungarian unit’s managing director John Young told Vilaggazdasag.
IMF Report About Hungary Bristles With Warnings
- 31 Jan 2012 8:00 AM
- current affairs
"Hungary's economy may see slight growth at best this year, as the country remains highly vulnerable due to the high state debt and its exposure to the euro zone crisis, the IMF writes in its latest report on Hungary, released last week. The IMF advises the government in its report to make economic policy predictable to regain the confidence of investors and to continue with structural reforms.
Malév Crisis: Emergency Liquidity Plan, Extremely Limited Room For Manoeuvre
- 31 Jan 2012 8:00 AM
- current affairs
"During today’s meeting of the Board of Directors, Chief Executive Officer of Malév Lóránt Limburger informed the Board that despite the continually improving commercial results the financing of activities had become unviable and was unresolved from the end of January. At the same time, talks with ILFC on Friday had proved successful after agreement was reached that the American leasing ...
Guided Tour In English, Yona Friedman Exhibition, Ludwig Museum Budapest, 28 January
- 25 Jan 2012 8:04 AM
- entertainment
"The architect and thinker of Hungarian origin, Yona Friedman is one of the outstanding and exceptionally versatile figures of the urban architectural discourse that developed in the second half of the twentieth century. He drew cities on colossal trusses rising up, floating above metropolises, rivers or marshes, bridges connecting four continents, multi-storeyed urban gardens, residential ...