The Budapest Court of Appeals reported that the end of COVID‑era payment moratoriums led to a rise in bankruptcy cases, which first surged at the trial‑court level and later appeared in second‑instance proceedings, the Budapest Business Journal reported. Civil case filings also increased during the period of economic uncertainty, while administrative cases grew unevenly due to ongoing structural changes.
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Wizz Air is slashing the number of flights it operates from Gatwick in a scramble to cut costs, the boss of the airline has said, The Telegraph reported. József Váradi, the chief executive of Wizz, said it was losing money flying out of Britain’s second-busiest airport because of high operating fees and poorly timed departure slots. As part of a Europe-wide shake-up, the Budapest-based carrier will move more planes from Gatwick to Luton because of its lower costs.
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