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Ethiopia and Hungary concluded a Memorandum of Understanding (MoU) in the aim of boosting their economic cooperation.

The MoU focused on avoidance of double taxation, mutual protection of investment and waiver of diplomatic and service visas.

Ethiopian Express, the Domestic Strategic Business Unit of the Ethiopian Airlines Aviation Group is pleased to announce that it is ready to stretch its wings with 4 weekly flight services to Hawassa with the Q-400 aircraft as of 16 April 2016.

The flight to Hawassa, which will become the 20th domestic destination, is scheduled to be on Monday, Wednesday, Friday and Sunday.

Mr. Tewolde GebreMariam, Group CEO Ethiopian Airlines, said, “The opening of the route is in line with Ethiopian’s Vision 2025 where we ple

Trade exhibition which aims at bringing together tycoons from Ethiopia and Oman was opened today April 11, 2016 in Addis Ababa.

The trade exhibition, which more than 100 Omani companies are taking part in, will stay open until March 14, 2016.

The under construction Hawassa Internation Airport, located at the capital of Southern Nations Nationalities and Peoples State, is announced to start operation soon.

The construction was started 14 months ago by Yotek Construction Plc at a cost of 457 million Birr. The construction includes 3 km asphalt runway, taxiway, apron and passenger terminal.

Fitch Ratings has affirmed Ethiopia's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B'. The Outlooks are Stable. The issue rating on Ethiopia's senior unsecured foreign currency bond has also been affirmed at 'B'. The Country Ceiling has been affirmed at 'B' and the Short-term foreign currency IDR at 'B'.

Jiangsu Sunshine Group, a Chinese manufacturer, intends to construct a textile plant in Ethiopia at a cost of 350 million USD.

In the aim of boosting the country’s textile industry and making the nation Africa’s textile industry hub, Ethiopia is using the sector as a bridge for economic development.

Starting today, April 8, 2016, Ethiopian is delighted to celebrate its 70 years of dedicated and highly successful air transport services to, from and within the continent of Africa.

With its strong mission of bringing Africa together and closer to the world, Ethiopian has expanded much needed air connectivity within Africa and with the rest of the world in the last 70 years. Leading the way in the past, present and the future; Ethiopian has been an aviation technology leader in Africa and has introduced many new aircraft and systems to the continent.

Ethiopian Railways Corporation (ERC) has begun printing cards to be used for the Addis Ababa Light Rail Transit (AART) to commence using electronic cards.

Visor, a Turkish company, expressed its wish to engage in Ethiopia’s telecom industry. The Turkish company aims to join the sector at a cost of 3 billion USD.

Visor’s CEO, Gokhan Arasli, led a delegation team that held discussions with President Mulatu Teshome on April 6, 2016. During the meeting the CEO expressed his company’s desire to engage in Ethiopia’s telecom industry by investing 3 billion USD.

Ethiopia’s capital, Addis Ababa, collected 15.4 billion Birr in the previous months of the current fiscal year. According to Addis Ababa Finance and Economic Development Bureau, the city’s revenue has been increasing on yearly basis.