Hungarian-owned Aeroplex Central European Aircraft Technical Center Ltd. is building an aircraft equipment repair center in Maglód, near Ferenc Liszt International Airport, the company told MTI on Thursday. The almost 7,000-square-meter plant will cost about HUF 2 billion and create 120 jobs. The company will cover the costs entirely from its own resources. The center, […]
The AutoWallis Group is introducing a new brand to launch its own mobility service brand called wigo. Under the new brand, AutoWallis’s first service is wigo carsharing, which is being launched by former Share Now operator Wallis Autómegosztó. According to a statement by AutoWallis on the website of the Budapest Stock Exchange, clients of the […]
Doktor24 Medicina Plc. announced in a statement published on the website of the Budapest Stock Exchange on Wednesday that the company's general meeting decided on a private share capital increase. Following the capital increase, a new investment company, Egészségügyi Befektetési Holding, owned by the Futó family, became the new majority shareholder. As the financial news […]
Ola Källenius, chairman of the board of Mercedes-Benz, visited Hungary and told the news portal Index that the company will invest EUR billions in its Kecskemét plant, located southeast of Budapest. In the interview, reviewed by portfolio.hu, Källenius said that the Kecskemét plant is a very important part of their global production network and that […]
A hundred art galleries, institutions and other exhibitors from thirty countries on four continents will present their work at the 13th Art Market Budapest (AMB), which will be held from Thursday to Sunday at the Bálna Budapest exhibition center in Budapest, accompanied by an art and art market conference called Inside Art. Art Market Budapest […]
Three quarters of micro and small businesses would be willing to try, and one third of them would even pay for, a useful artificial intelligence solution, according to Magyar Telekom's latest research targeting micro and small businesses. According to the summary sent to MTI on Tuesday, only 2% of respondents have never heard of artificial […]
CEOs of the world's largest companies remain optimistic about the global economy's growth prospects, but their confidence in their own company's growth has declined, while geopolitical and political uncertainty has been ranked as the top risk to economic growth, according to a global survey by KPMG sent to MTI. The global consultancy's ninth KPMG CEO […]
Poland's PKO Bank plans to open a representative office in Hungary and next year will start operations as a branch in Romania, the announcement of the CEO of the financial institution, Dariusz Szwed, has been quoted by the financial website portfolio.hu He stressed that the bank currently provides cross-border services on the Romanian market. He […]
In the WittyLeaks series, Diplomacy&Trade regularly publishes the personal accounts of ambassadors and other diplomatic mission leaders accredited to Budapest. I arrived in Budapest end of November 2021, when the sky is gloomy and grey. I got myself an apartment to rent in downtown District 5 so that I could walk to work. The place […]
By investing nearly EUR 30 million the French Veolia Group is further strengthening its Hungarian presence. Phase 2 of the development marks the installation of new manufacturing technology of the company’s ultrafiltration membrane plant which was now celebrated at the Oroszlány site. 35% of the project that is scheduled to create 85 new jobs is […]
HEINEKEN Hungária Breweries Ltd, a local subsidiary of HEINEKEN International, with its more than a century-old tradition in brewing and its excellent brands is a key player in the Hungarian beer market. In the course of its operations, the company focuses on sustainability, diversity, business values and it even helps to revive Hungarian hop growing […]
DBH Group, an investment and service group engaged in international business with a focus on venture capital, flexible infrastructure and corporate business services will celebrate the 30th anniversary of its establishment next year. Its founder & Chief Executive Officer, Dr. Sándor Erdei talks to Diplomacy&Trade about the business model they pursue while keeping in mind […]
Under a recently signed contract, the electricity company E.ON will build a 4.6 MW small-scale solar power plant next to Bosch's factory in Hatvan, east of Budapest, strengthening both companies' commitment to sustainability. Robert Bosch Elektronika Ltd. of Hatvan and E.ON have signed a Memorandum of Understanding under which the E.ON Hungária Group will build […]
Hungary’s Eszter Barabás won the women's and Mitchell Baum of the United States the men's race at the 38th Spar Budapest Marathon this Sunday. According to the organizers, the Budapest Sports Office, some 23,000 people from 96 countries and more than 1,000 Hungarian towns and villages came to the two-day event, which started at 9 […]
The National Bank of Hungary (MNB) pledged nearly EUR 14 million to the IMF’s Poverty Reduction and Growth Trust (PRGT) through a targeted investment instrument. The pledge has officially been announced by Barnabás Virág, Deputy Governor of the MNB on the margins of the Annual Meetings of the World Bank Group (WBG) and the International […]
