József Váradi
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József Váradi
József János Váradi (born 21 September 1965) is a Hungarian businessman, who co-founded Wizz Air and has served as its chief executive officer (CEO) since 2003. Early life Váradi was born in Debrecen, Hungary in 1965. His father took part in the 1956 Hungarian Revolution, so he had to go to jail and after it maintained his family for occasional work. Váradi moved to Budapest when 18 and earned a degree in economics from Budapest University of Economic Sciences in 1989. He completed an LLM from the University of London in 2014. Career to the top of MALÉV After a "detour" at ''Tiszai Vegyi Kombinát'' and then at the Dutch paint company AkzoNobel, he joined the American consumer goods multinational Procter & Gamble in 1991, where he started as a sales representative and ended up as the sales director responsible for Central and Eastern Europe. From 1999 he served as CEO of the struggling Hungarian state-owned airline Malév Hungarian Airlines. In 2001, the government hel ...
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Debrecen
Debrecen ( , is Hungary's second-largest city, after Budapest, the regional centre of the Northern Great Plain region and the seat of Hajdú-Bihar County. A city with county rights, it was the largest Hungarian city in the 18th century and it is one of the Hungarian people's most important cultural centres.Antal Papp: Magyarország (Hungary), Panoráma, Budapest, 1982, , p. 860, pp. 463-477 Debrecen was also the capital city of Hungary during the revolution in 1848–1849. During the revolution, the dethronement of the Habsburg dynasty was declared in the Reformed Great Church. The city also served as the capital of Hungary by the end of World War II in 1944–1945. It is home of the University of Debrecen. Etymology The city is first documented in 1235, as ''Debrezun''. The name derives from the Turkic word , which means 'live' or 'move' and is also a male given name. Another theory says the name is of Slavic origin and means 'well-esteemed', from Slavic Dьbricinъ or ...
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Alitalia
Alitalia - Società Aerea Italiana Società per azioni, S.p.A., operating as Alitalia (), was an Italian airline which was once the flag carrier and largest airline of Italy. The company had its head office in Fiumicino, Metropolitan City of Rome Capital. The airline was owned by the Government of Italy from its founding in 1946 until it was Privatization, privatized in 2009; after struggling with profitability while a private company, including failed negotiations to sell to other private parties, the Italian government took ownership of the airline in March 2020. The airline operated a fleet of Airbus A319-100, Airbus A320-200, Airbus A321-100, Airbus A330-200, and Boeing 777-200ER aircraft to over 34 scheduled domestic, European and intercontinental destinations. The airline operated from its main hub at Leonardo da Vinci–Fiumicino Airport. The airline was a full member of SkyTeam alliance, and it had codeshare agreements with 42 airlines. In 2018, the airline was the List ...
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Institutional Shareholder Services
Institutional Shareholder Services Inc. (ISS) is a proxy advisory firm. Hedge funds, mutual funds and similar organizations that own shares of multiple companies pay ISS to advise (and often vote their shares) regarding share holder votes. It is the largest such firm, with over 61 percent of the business. In response to ISS's recommendations to vote against fee-shifting provisions in the event of securities fraud litigation, corporate interests have criticized ISS and suggested that it needs to be regulated. History With Disney announcing the combination of the CEO and chairman positions on October 6, 2011, past the date of shareholder proposal deadline, and increase CEO/chair pay, ISS called for a no vote against the four Nominating and Governance Committee board members at the 2012 annual meeting. ISS recommended to clients two candidates nominated by billionaire investor Carl Icahn to the drugmaker Forest Laboratories’ board of directors in a 2012 proxy contest. In 2013 ...
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United Arab Emirates
The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at the eastern end of the Arabian Peninsula and shares borders with Oman and Saudi Arabia, while having maritime borders in the Persian Gulf with Qatar and Iran. Abu Dhabi is the nation's capital, while Dubai, the most populous city, is an international hub. The United Arab Emirates is an elective monarchy formed from a federation of seven emirates, consisting of Abu Dhabi (the capital), Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain. Each emirate is governed by an emir and together the emirs form the Federal Supreme Council. The members of the Federal Supreme Council elect a president and vice president from among their members. In practice, the emir of Abu Dhabi serves as president while the ruler of Dubai is vice pre ...
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Abu Dhabi
Abu Dhabi (, ; ar, أَبُو ظَبْيٍ ' ) is the capital and second-most populous city (after Dubai) of the United Arab Emirates. It is also the capital of the Emirate of Abu Dhabi and the centre of the Abu Dhabi Metropolitan Area. The city of Abu Dhabi is located on an island in the Persian Gulf, off the Central West Coast. Most of the city and the Emirate reside on the mainland connected to the rest of the country. , Abu Dhabi's urban area had an estimated population of 1.5 million, out of 2.9 million in the emirate of Abu Dhabi, as of 2016. The Abu Dhabi Investment Authority is headquartered in the city, and was the world's 5th largest sovereign wealth fund in 2021. Abu Dhabi itself has over a trillion US dollars worth of assets under management in a combination of various sovereign wealth funds headquartered there. Abu Dhabi houses local and federal government offices and is the home of the United Arab Emirates Government and the Supreme Petroleum C ...
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Brașov
Brașov (, , ; german: Kronstadt; hu, Brassó; la, Corona; Transylvanian Saxon: ''Kruhnen'') is a city in Transylvania, Romania and the administrative centre of Brașov County. According to the latest Romanian census (2011), Brașov has a population of 253,200 making it the 7th most populous city in Romania. The metropolitan area is home to 382,896 residents. Brașov is located in the central part of the country, about north of Bucharest and from the Black Sea. It is surrounded by the Southern Carpathians and is part of the historical region of Transylvania. Historically, the city was the center of the Burzenland, once dominated by the Transylvanian Saxons, and a significant commercial hub on the trade roads between Austria (then Archduchy of Austria, within the Habsburg monarchy, and subsequently Austrian Empire) and Turkey (then Ottoman Empire). It is also where the national anthem of Romania was first sung. Names Brassovia, Brassó, Brașov, etc. According to Dragoș Mo ...
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Liquidity
Liquidity is a concept in economics involving the convertibility of assets and obligations. It can include: * Market liquidity, the ease with which an asset can be sold * Accounting liquidity, the ability to meet cash obligations when due * Liquid capital, the amount of money that a firm holds * Liquidity risk, the risk that an asset will have impaired market liquidity See also *Liquid (other) *Liquidation (other) Liquidation is the conversion of a business's assets to money in order to pay off debt. Liquidation may also refer to: * Murder * Fragmentation (music), a compositional technique * ''Liquidation'' (miniseries), a Russian television series See a ...
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Gatwick Airport
Gatwick Airport (), also known as London Gatwick , is a major international airport near Crawley, West Sussex, England, south of Central London. In 2021, Gatwick was the third-busiest airport by total passenger traffic in the UK, after Heathrow and Stansted airports, and was the 36th-busiest in Europe by total passenger traffic. It covers a total area of . Gatwick opened as an aerodrome in the late 1920s; it has been in use for commercial flights since 1933. The airport has two terminals, the North Terminal and the South Terminal, which cover areas of and respectively. It operates as a single-runway airport, using a main runway with a length of . A secondary runway is available but, due to its proximity to the main runway, can only be used if the main runway is not in use. In 2018, 46.1 million passengers passed through the airport, a 1.1% increase compared with 2017. History The land on which Gatwick Airport stands was first developed as an aerodrome in the la ...
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Ryanair
Ryanair is an Irish ultra low-cost carrier founded in 1984. It is headquartered in Swords, Dublin, Ireland and has its primary operational bases at Dublin and London Stansted airports. It forms the largest part of the Ryanair Holdings family of airlines and has Ryanair UK, Buzz, Lauda Europe, and Malta Air as sister airlines. It is Ireland's biggest airline and in 2016 became Europe's largest budget airline by scheduled passengers flown, carrying more international passengers than any other airline. Ryanair Group operates more than 400 Boeing 737-800 aircraft, with a single 737-700 used as a charter aircraft, as a backup, and for pilot training. The airline has been characterized by its rapid expansion, a result of the Airline deregulation, deregulation of the aviation industry in Europe in 1997 and the success of its low-cost business model. Ryanair's route network serves 40 countries in Europe, North Africa (Morocco), and the Middle East (Israel, Jordan and Turkey). The c ...
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Minister Of Foreign Affairs (Hungary)
The Minister of Foreign Affairs of Hungary ( hu, Magyarország külügyminisztere) is a member of the Hungarian cabinet and the head of the Ministry of Foreign Affairs. The current foreign minister is Péter Szijjártó. The position was called People's Commissar of Foreign Affairs ( hu, külügyi népbiztos) during the Hungarian Soviet Republic in 1919 and Minister besides the King ( hu, a király személye körüli miniszter) between 1848 and 1918, except in 1849 when Hungary declared its independence from the Austrian Empire. During the Austro-Hungarian Monarchy (1867–1918) the two countries also had a joint Minister of Foreign Affairs. This page is a list of Ministers of Foreign Affairs of Hungary. Ministers besides the King (1848) Hungarian Kingdom (1848) Parties Ministers of Foreign Affairs (1849) Hungarian State (1849) Parties ''After the collapse of the Hungarian Revolution of 1848, the Hungarian Kingdom became an integral part of the Austrian Empire until ...
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COVID-19 Pandemic
The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified in an outbreak in the Chinese city of Wuhan in December 2019. Attempts to contain it there failed, allowing the virus to spread to other areas of Asia and later worldwide. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern on 30 January 2020, and a pandemic on 11 March 2020. As of , the pandemic had caused more than cases and confirmed deaths, making it one of the deadliest in history. COVID-19 symptoms range from undetectable to deadly, but most commonly include fever, dry cough, and fatigue. Severe illness is more likely in elderly patients and those with certain underlying medical conditions. COVID-19 transmits when people breathe in air contaminated by droplets and ...
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Flight Shame
Flight shame or ''flygskam'' is an anti-flying social movement, with the aim of reducing the environmental impact of aviation. Flight shame refers to an individual's uneasiness over engaging in consumption that is energy-intense and climatically problematic. It also reflects on air travelers as people involved in socially undesirable activities, and adaptive behaviour as described in the related Swedish term "smygflyga". It started in 2018 in Sweden and gained traction the following year throughout northern Europe. ''Flygskam'' is a Swedish word that literally means "flight shame". The movement discourages people from flying to lower carbon emissions to thwart climate change. Origins , a Swedish singer, was reported to have coined the term in 2017. Björn Ferry, an Olympic athlete, was also one of the first notable champions of the concept. Malena Ernman, an opera singer and the mother of teenage activist Greta Thunberg, also announced publicly that she would stop flying. Th ...
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