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2019

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Hungarian Defense Forces Medical Center

UN Staff Wards Against Health Emergencies in Hungary

D&T
Jul 26, 2019

FAO, the Food and Agriculture Organization of the United Nations, has signed an agreement with the Hungarian Defense Forces Medical Center in Budapest on delivering first aid trainings for United Nations staff members based in Hungary. The 100 participants will include largely fire wardens and administration team members, the ones who are the most often […]

Richter's Antipsychotic Drug to Be Sold in the Middle East and North Africa

D&T
Jul 25, 2019

Hungarian pharma firm Gedeon Richter has signed an exclusive license agreement with Hikma Pharmaceuticals Plc. to sell Richter's anti-psychotic drug ‘cariprazine’ in some Middle Eastern and North African (MENA) markets. Under the terms of the agreement, Richter will be responsible for product supply and Hikma will proceed with the registration and commercialization of the product […]

Audi Hungaria assembly hall

AUDI HUNGARIA Expands Capacities in Győr

D&T
Jul 24, 2019

AUDI HUNGARIA is to launch a comprehensive development at its plant in Győr, NW Hungary: it will expand the e-motor production capacity as well as the engine development center and the vehicle manufacturing infrastructure. The complex investment program worth EUR 127 million is the first step in the preparation to the challenges triggered by electro-mobility, […]

Bumchun

Bumchun Precision Comes to Hungary

D&T
Jul 24, 2019

South Korea's Bumchun Precision will build its first foreign plant in Hungary with an investment of HUF 13.3 billion . The new factory in Salgótarján, NE of Budapest, will manufacture aluminum battery connectors and will operate as a first-tier supplier to electric car manufacturers . At the official announcement, Hungarian Minister of Foreign Affairs and […]

Production line

Labor Shortage Causes Severe Revenue Loss for CEE Businesses

D&T
Jul 24, 2019

Lack of skilled workforce costs EUR 358 billion to companies in the region, PwC says Business leaders in central and eastern Europe are growing increasingly concerned about talent and skills shortages and their hampering effect on growth. The loss in revenue resulting from the increasing lack of skilled workforce is estimated to amount to a […]

The would-be Doosan factory in Tatabánya

Copper Thin Foil Manufacturer Chooses Hungary

D&T
Jul 23, 2019

South Korean Doosan lays foundation stone of manufacturing unit in Tatabánya Industrial Park. South Korea's Doosan will construct a new manufacturing unit in Hungary with a capacity to produce 50,000 tons of red copper foil on a year. The investment is part of the EUR 100 million project unveiled in November 2018. The annual amount […]

BMW to launch dual training in Debrecen

BMW to Launch Dual Training in Debrecen

D&T
Jul 22, 2019

The Bavarian premium brand has signed a cooperation agreement with two Debrecen vocational schools. BMW Group is launching a dual vocational training program at the BMW plant in Debrecen, northeastern Hungary from September 2021, based on a model that has already proved successful in Germany . The Bavarian company and the Debrecen Vocational Training Center, […]

Péter Szijjártó and Wilbur Ross

Hungarian Foreign Minister Meets With U.S. Commerce Secretary

D&T
Jul 19, 2019

Hungarian and U.S. officials discuss world trade Hungary’s government is an advocate of removing trade barriers and making the world economy as free as possible since the performance of the country’s economy is largely dependent on exports, Minister of Foreign Affairs and Trade Péter Szijjártó told state news service MTI after meeting with U.S. Secretary […]

Vodafone

Vodafone Gets EU Go-Ahead to Purchase UPC Hungary

D&T
Jul 18, 2019

European Commission Clears Vodafone's Bid to Buy Liberty Global Units The European Commission granted approval for Vodafone to acquire Liberty Global's cable business in Czechia, Germany, Hungary and Romania in exchange for full compliance with commitments previously undertaken by Vodafone. As a result, the U.K.-based telecommunications giant will become the new owner of UPC Hungary. […]

MOL Bubi

Google Maps to feature Budapest in Real Time Bike-Sharing App

D&T
Jul 18, 2019

Budapest Bike-Sharing Data to be Available in Google Maps Google is launching a new service in 25 cities worldwide, including the Hungarian capital, showing users the exact location of bicycle-sharing docking stations, mediapiac.com reported. The service, offered by Google’s Map function, will also provide real-time information on the number of available bikes in a particular […]

Barceló Budapest

New Barceló Hotel Opens in Budapest

D&T
Jul 17, 2019

Budapest hotel offering sees new unit Spain’s Barceló Group opened its first four-star hotel in downtown Budapest, state news service MTI reported, citing the developer company Sunbelt Group. Barceló operates more than 250 units in 22 countries worldwide. The Barceló Budapest, which was developed at a cost of close to EUR 46 million, has 5 […]

MOL Limo

Mol to Boost Electric Car Fleet in Budapest

D&T
Jul 16, 2019

Hungarian energy company Mol will expand its community car sharing service Mol Limo with 50 new electric cars from the middle of July, state news service MTI said. The new 20 Smart EQ fortwo and 30 forfour models are smaller and easier to park. Following the expansion, the number of available cars will rise to […]

T-Systems headquarters, Budapest

T-Systems Hungary to Be Acquired by 4iG

D&T
Jul 15, 2019

Magyar Telekom, the leading Hungarian telecommunications service provider, has announced that it has signed Heads of Terms with Hungarian company 4iG about the sale of its fully-owned subsidiary T-Systems Hungary, which offers a full range of ICT solutions. Under the Heads of Terms, 4iG will purchase all the shares of T-Systems by the close of […]

Toray Industries President Akihiro Nikkaku at the announcement in Nyergesújfalu, NW Hungary

Another Major Toray Investment in Hungary

D&T
Jul 12, 2019

Japanese firm Toray Industries is boosting its operations in Hungary by investing more than EUR 407 million in the construction of a new plant in Nyergesújfalu, a town on the River Danube, northwest of Budapest. The new unit will manufacture separator films for lithium-ion batteries from the second half of 2021. Toray first came to […]

Slovak President in Hungary

Slovak President Visits Hungary

D&T
Jul 11, 2019

Climate protection, energy issues and migration dominated the agenda - as well as the role the Visegrád Four should play in the European Union. As the new Slovak President, Zuzana Čaputová was received by her Hungarian counterpart János Áder in the Sándor Palace in Budapest, the two politicians agreed that mankind was in the last […]

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