626 result(s) for state of crisis
Hungarian State May Have To Pay Ft 1,000bn Due To Malev Collapse
- 13 Feb 2012 8:10 AM
- current affairs
"The state may be obliged to pay up to Ft 1 trillion to Liszt Ferenc Airport operator Budapest Airport due to the collapse of Malev airlines, government accountability commissioner Gyula Budai declared last week. The Development Ministry said in a “White Book” published in December that the state’s liability in such a scenario would be Ft 450 billion.
Ryanair Boss Attacks Wizzair Prices In Budapest
- 10 Feb 2012 8:10 AM
- travel
"Loss making Wizzair cannot compete with Ryanair on prices, costs or punctuality," claimed Ryanair’s Michael O’Leary yesterday afternoon at the InterContinental Budapest Hotel. Ryanair also announced on 9th February that it will open its new Budapest base next Friday 17th February. The airline also confirmed details of record bookings on its 31 routes over the first 7 days since it released fares ...
FT: Ryanair vs Budapest: Playing Dirty? Hungarian Airport Response
- 9 Feb 2012 11:55 AM
- travel
"Budapest Airport CEO Jost Lammers was surprised to learn of the comments attributed to Budapest Airport in the FT article yesterday evening. Therefore he wishes to redress the balance with a formal official statement to avoid any misunderstanding for all stakeholders, especially the passengers and Ryanair.
‘State Of The Nation’ Speech By Hungary's Prime Minister Viktor Orbán
- 9 Feb 2012 8:03 AM
- current affairs
"On 7 February 2012 Viktor Orbán gave his traditional ‘state of the nation’ speech, focusing on the past year. This was the fourteenth such occasion. At the beginning of his speech Mr. Orbán thanked all those who have stood by the country in spite of the criticism directed at it and its government. This was a reference to the four hundred thousand people who took part in the ‘Peace March for ...
Malév Is Dead, Long Live Low Cost Carriers?
- 9 Feb 2012 12:00 AM
- current affairs
The predictable passing of Malév triggered rapid expansion announcements from both Ryanair and Wizz Air. SmartWings, Air Berlin and others have added flights, with more low cost carriers positioned to pounce. All good for budget travelers as prices are driven down via increased ...
Hungarian Malév Airlines Stops Flying After 66 Years
- 6 Feb 2012 8:05 AM
- travel
"State airline Malév announced the cancellation of all flights at 7 a.m. Friday morning, effectively shutting down all operations after 66 years. Flights were grounded from 5 a.m., with passengers told that the flights were delayed.
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
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.
Hungarian State May Have To Pay Ft 1,000bn Due To Malev Collapse
- 13 Feb 2012 8:10 AM
- current affairs
"The state may be obliged to pay up to Ft 1 trillion to Liszt Ferenc Airport operator Budapest Airport due to the collapse of Malev airlines, government accountability commissioner Gyula Budai declared last week. The Development Ministry said in a “White Book” published in December that the state’s liability in such a scenario would be Ft 450 billion.
Ryanair Boss Attacks Wizzair Prices In Budapest
- 10 Feb 2012 8:10 AM
- travel
"Loss making Wizzair cannot compete with Ryanair on prices, costs or punctuality," claimed Ryanair’s Michael O’Leary yesterday afternoon at the InterContinental Budapest Hotel. Ryanair also announced on 9th February that it will open its new Budapest base next Friday 17th February. The airline also confirmed details of record bookings on its 31 routes over the first 7 days since it released fares ...
FT: Ryanair vs Budapest: Playing Dirty? Hungarian Airport Response
- 9 Feb 2012 11:55 AM
- travel
"Budapest Airport CEO Jost Lammers was surprised to learn of the comments attributed to Budapest Airport in the FT article yesterday evening. Therefore he wishes to redress the balance with a formal official statement to avoid any misunderstanding for all stakeholders, especially the passengers and Ryanair.
‘State Of The Nation’ Speech By Hungary's Prime Minister Viktor Orbán
- 9 Feb 2012 8:03 AM
- current affairs
"On 7 February 2012 Viktor Orbán gave his traditional ‘state of the nation’ speech, focusing on the past year. This was the fourteenth such occasion. At the beginning of his speech Mr. Orbán thanked all those who have stood by the country in spite of the criticism directed at it and its government. This was a reference to the four hundred thousand people who took part in the ‘Peace March for ...
Malév Is Dead, Long Live Low Cost Carriers?
- 9 Feb 2012 12:00 AM
- current affairs
The predictable passing of Malév triggered rapid expansion announcements from both Ryanair and Wizz Air. SmartWings, Air Berlin and others have added flights, with more low cost carriers positioned to pounce. All good for budget travelers as prices are driven down via increased ...
Hungarian Malév Airlines Stops Flying After 66 Years
- 6 Feb 2012 8:05 AM
- travel
"State airline Malév announced the cancellation of all flights at 7 a.m. Friday morning, effectively shutting down all operations after 66 years. Flights were grounded from 5 a.m., with passengers told that the flights were delayed.
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
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.