Main business and financial news from Hungary – 5th week, 2018

See below main business and financial news from the previous week:

A FUTURISTIC METRO LINE M2 STATION TO BE BUILT – VIDEO

If everything goes according to the plans, the connection of metro line M2 and the suburban railways can start soon that will result in a rather futuristic and cool design. Check out how it will actually look like! Read more HERE.

HERITAGE FOUNDATION: HUNGARY’S ECONOMY MODERATELY FREE

According to a global survey of economies around the world carried out by the American Heritage Foundation, Hungary’s economy is moderately free. Read more HERE.

REGIONAL MINISTERS RESPONSIBLE FOR EU DEVELOPMENT FUNDING MEET IN BUDAPEST

Ministers responsible for European Union development funding from the Visegrad Group countries of Hungary, the Czech Republic, Poland and Slovakia met with their counterparts from Bulgaria, Croatia, Romania and Slovenia in Budapest together with European Commissioner for Budget and Human Resources Gunther Oettinger.

NBH POLICY MAKERS KEEP BASE RATE ON HOLD

The National Bank of Hungary’s Monetary Council decided to keep the central bank’s key rate on hold at 0.90 percent at a monthly policy meeting. The Council has left the base rate on hold since signalling an end to an easing cycle at a policy meeting in the spring of 2016.

COMPETITION OFFICE CLEARS TAKEOVER OF KONZUM ALAPKEZELŐ, OPUS

Hungary’s Competition Office said it approved the takeover of sole direct control of fund manager Konzum Alapkezelő, and thus sole indirect control of holding company Opus, by the investor Lorinc Meszaros.

CELLUM GLOBAL PARTNERS WITH INDONESIA’S TELKOM GROUP

Hungarian mobile payment company Cellum Global signed a strategic cooperation and investment agreement with Metranet, a unit of Indonesia’s Telkom. Under the agreement, Telkom will acquire a 30.4 percent stake in Cellum in two steps and ensure the company’s expansion on the Indonesian market.

WIZZ AIR CELEBRATES 1 MILLION DEBRECEN PASSENGERS

Wizz Air, the largest low-cost airline in Central and Eastern Europe, celebrates the significant milestone of its one millionth Debrecen passenger. The lucky customer arrived from Moscow with the newest WIZZ flight and was greeted upon arrival with a value voucher. Read more HERE.