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Leaders of State Agency that Facilitates Innovation and R&D Profiled by BBJ

The Budapest Business Journal sat down with the two vice presidents of the National Research, Development and Innovation Office (NKIFH), Zsuzsa Szabados and László Lengyel. They outlined what their organization is doing to help Hungarian companies with innovation and compete…

Wizz Air Suspends Israel Flights Amid Ongoing Conflict

Wizz Air has cancelled all flights to Israel until 15 November but is continuously reviewing the situation. The airline is in constant contact with Israeli, Hungarian, and international authorities, monitoring the events in Israel….

European Airline Stocks Plummet Due to Palestinian-Israeli Conflict

Airlines are systematically cancelling or suspending their flights to Israel since the Palestinian terrorist organization Hamas launched a comprehensive attack on the Jewish state on Saturday morning, resulting in hundreds of casualties. This resulted in significant drops in the companies’…

The Beginning of the End for China’s Economic Hegemony?

‘Indeed, things are getting so difficult for Xi’s authoritarian directives…China’s economy actually fell into deflation in July, while factory-gate prices also extended declines—its debt is three times its GDP in 2022. Beijing’s consumer price index, the main gauge of inflation,…

Balázs Orbán: Hungarians Cannot Settle for Mediocrity

Balázs Orbán opined that the economic competition between the Western and non-Western world is becoming balanced, thus the world is returning to a state of equilibrium. He recalled that in 1990, the Western world accounted for 50 per cent of…

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