Hungarian Visa card transaction value up 13.7% to EUR 6.8 bln in Q1 on credit card boom
Transactions carried out by Hungarian Visa cardholders totaled EUR 6.8 bln in the first quarter of 2006, a 13.7% increase over the same period last year thanks to a dynamic increase in credit card transactions, according to statistics released by Visa Europe on Friday.
German E.ON plans to invest EUR 300 mln in expanding its Hungarian gas storage capacity by 50%
German energy giant E.ON said on Thursday that it plans to spend around EUR 300 mln on expanding its Hungarian natural gas storage capacity by 50%, or 1.7 billion cubic meters, by 2009.
CEE's leading low-cost airline Wizz Air orders 20 new Airbus aircraft
Wizz Air, Central and Eastern Europe's largest low-fare, low-cost airline, has signed an order to increase its all-Airbus fleet with 20 additional A320 aircraft from Airbus, a France-based joint company owned by Europe's two largest defense contractors, EADS and BAE Systems, Wizz Air announced Thursday.
Consumer confidence in Hungarian economy at ten-year low in June, drags down composite index
After a sudden drop in the Hungarian composite confidence index in May, the negative tendency continued in June as consumer confidence plummeted to a ten-year low on concerns about the government's fiscal tightening, according to a monthly confidence index published by research group GKI.
US Investment bank Morgan Stanley to establish key service center in Hungary
New York-based investment bank Morgan Stanley is to devolve key services away from its London and New York offices when it sets up a 450-strong business center in Budapest by the end of 2006, the company announced at a press conference Tuesday.
