"Hungary will liquidate Malev Zrt. in the “near future” and is seeking a compromise with Budapest Airport on compensation payments stemming from the collapse of the state-owned carrier, the Development Ministry said."
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"I have, to put it mildly, been somewhat astonished at the heated reaction that my blog post “Do Institutions Matter?” has provoked, culminating in a letter from the Hungarian State Secretary for Communication, Zoltán Kovács, to The American Interest complaining about my piece and contesting various points in it."
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"As per 08FEB12 GDS inventory display, American Airlines has cancelled planned service resumption on New York JFK – Budapest route, followed by the collapse of MALEV Hungarian Airlines. Reservation for this route is closed overnight on Tuesday (07FEB12)."
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"Nokia Corp. said Wednesday it will end the assembly of cellphones in Europe by year-end as it shifts production to Asia in its latest attempt to cushion its finances from stiff competition in the smartphone sector."
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"Cliff Dicken von Oetinger, active “rebelrouser” of aSmallWorld and center of gravity for the English speaking community orbiting our lovely Budapest. Don’t know him yet? We bet you will. Some say that Cliffme is not only a new expression, but a new brand associated with quality and style."
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"Feb. 25–Mar. 29, the Kennedy Center hosts a festival featuring performances from the National Symphony Orchestra, Washington National Opera, Prague Philharmonia, Christoph Eschenbach with Matthias Goerne, Katona József Theatre, and many others."
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"Hungary’s Foreign Ministry on Sunday criticized anti-Semitic and pro-Iranian regime statements of Jobbik party lawmaker Marton Gyongyosi. Hungary rejects the statements of “Gyongyosi, the party’s foreign affairs spokesman, [who] questioned the number of Hungarian Holocaust victims and compared Israel to a Nazi system,” a ministry spokesman said."
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"Hindu scholars are applauding Hungarian officials for funding a new movie about the plight of Roma gypsies. Csak a szel (Just The Wind), which will premiere at the upcoming Berlin International Film Festival in Germany, chronicles the daily fight Europe's travelling communities face just to survive at the hands of people who would rather not have them in their country."
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"Hungarian-based Wizz Air (W6) announced it will invest HUF25 billion ($100 million) into expanding its Budapest operations after state-owned Malev Hungarian Airlines ceased operations Friday. W6 said it will add two Airbus A320s at the base in March, representing a 66% increase in capacity."
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"Hungary today sold 50 billion forint of six-week Treasury bills, 10 billion forint more than planned. The average yield at the auction was 7.19 percent, compared with 7.77 percent at the last sale of the same maturity on Jan. 9."
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"Hungarian Prime Minister Viktor Orban is expected to preview his plans for central Europe’s most volatile market this year in a nationwide address Tuesday."
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“We are, of course, saddened by the collapse of Malev,” said Jost Lammers, CEO of Budapest Airport. “But we now move into the post-Malev era with a degree of optimism. We are open for business as usual and would like to thank the airlines who have already stepped in to operate some of the routes previously flown by Malev – we will continue to work with these airlines and others, with a view to offering sensible long-term solutions.”
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"Industrial output growth in Hungary accelerated sharply in December, data from the Hungarian Central Statistical Office showed Tuesday."
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"Istvan Csurka, a Hungarian anti-Soviet dissident playwright and later far-right nationalist politician who was criticized at home and abroad for his anti-semitic articles, died Saturday at age 77. Csurka's death was announced by his family."
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"Budapest Airport Zrt., the operator of Hungary’s chief international airport, majority-owned by Hochtief AG (HOT), is to reevaluate its 2012 business plan following the bankruptcy of its largest customer, state-owned carrier Malev Zrt., the airport said."
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