MENU
Articles by Column

Business

1620 hits

Deloitte: Financial Managers More Optimistic

D&T
Apr 9, 2024

Financial leaders in Central Europe are significantly more optimistic about 2023, with an improvement in the business environment in particular, but also a positive shift in other areas, according to a survey published by Deloitte on Tuesday. In a survey summarizing the views of Central European finance executives, Deloitte asked more than five hundred regional […]

Optiwella's Szeged Investment Handed Over

D&T
Apr 8, 2024

The investment of the telecommunications company Optiwella was opened on Monday in the south-eastern Hungarian city of Szeged. The HUF 860 million development has created a new generation of service and production capacity in the plant, which processes and refurbishes a variety of devices, and was needed to improve international competitiveness. The project was supported […]

New Automotive Investment Inaugurated in Kecskemét

D&T
Apr 8, 2024

The Hungarian automotive company Autóflex-Knott Ltd. has completed an HUF 800 million development to increase its market share in the US and Europe. Hungarian taxpayers, thanks to a government decision, have provided HUF 400 million for the purchase of machinery to machine higher-performance parts. A solar panel system was also recently installed on site, enabling […]

New Production Hall Added at Magnus Aircraft Plc.

D&T
Apr 5, 2024

The foundation stone of the new production hall of the composite aircraft manufacturer Magnus Aircraft Plc. was laid on Friday. The facility will be built in Pogány, in the south of Hungary, as part of the company's HUF 6 billion development project. Speaking at the ceremony, Finance Minister Mihály Varga said the company's two-seat aircraft […]

Social Innovations for a Future-Proof Labor Market

D&T
Mar 26, 2024

Human values in the economy and social innovations at companies were the main topics discussed at the latest Business Breakfast and Professional Forum by the Business Council for Sustainable Development in Hungary (BCSDH) held this Tuesday at one of the locations of the National Bank of Hungary in Budapest. A third of the world's workforce […]

SCHEDL Sets Up Two New Plants in Hungary

D&T
Mar 22, 2024

German-owned SCHEDL Hungária Ltd., a company specializing in the assembly and in-sequence delivery of complete wheels, invests EUR 101.1 million to open new production facilities in two Hungarian cities, Debrecen and Kecskemét, the Hungarian Investment Promotion Agency (HIPA) reports. The greenfield investment, about 5% of which is to be covered by Hungarian taxpayers as state […]

2023 Revenues Up by 7.9% at Audi Hungaria

D&T
Mar 19, 2024

Audi Hungaria Plc.'s sales revenue increased by 7.9% last year compared to 2022, it was announced on Tuesday in Győr at a press conference presenting the results. Last year, the company achieved sales revenue of EUR 9.102 billion (HUF 3,602.4 billion), which is EUR 666 million (HUF 263.6 billion) more than in the previous year. […]

Production Modernization at Michelin's Hungarian Factory

D&T
Mar 19, 2024

A major development has been introduced at the Michelin plant in Nyíregyháza, NE Hungary. The sports car tire factory is modernizing its curing equipment by replacing the existing steam presses with electric ones, and thereby reducing its energy consumption. Curing (or vulcanization) is the final stage in the tire manufacturing process, during which the tires […]

Bayer Construct Plc. to Build a Factory in Sóskút

D&T
Mar 11, 2024

Bayer Construct Plc. is to build a factory in Sóskút, southwest of Budapest, where it will operate a bathroom assembly plant, as part of a new HUF 15 billion investment, according to a statement by the Ministry of Foreign Affairs and Trade. The project, which promises to create 100 new jobs, will be subsidized by […]

SEAT to Repeat Last Year's Performance in Hungary

D&T
Mar 9, 2024

Based on the outlook of the Hungarian new car market, Ádám Rozgonyi, brand director of importer Porsche Hungaria SEAT, expects stagnation and a repeat of the 2023 volume in the sales of the SEAT and CUPRA brands this year. Last year, 2,761 units of the Volkswagen group's two brands were sold in Hungary, an increase […]

Richter Acquires HELM’s Stakes in German Joint Ventures

D&T
Mar 6, 2024

Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that it has signed an agreement with HELM AG, a Germany-based stock corporation (“HELM”) to buy 50% stake in Richter-Helm BioTec GmbH & Co. KG (“RHT”); and 30% stake in Richter-Helm BioLogics GmbH & Co. KG. (“RHB”) to become 100% owner of […]

ALTEO Had a Strong Year in 2023

D&T
Mar 1, 2024

The energy company ALTEO achieved outstanding results in 2023, as a proof its strategy was updated at the beginning of 2022 and its implementation are successful and effective, where environmental and social sustainability plays a key role in addition to business considerations, the company has announced on the website of the Budapest Stock Exchange. The […]

New Country President at Novartis Hungary

D&T
Mar 1, 2024

Colette Matz takes over from Matt Zeller as Country President of Novartis Hungary in March 2024. The new leader brings more than 20 years of experience in the pharmaceutical industry. Most recently, she was Head of the Neuroscience Therapeutic Area at the Swiss company's Italian affiliate, the company has announced. Colette Matz has had a […]

Erste Group's Operating Profit Increased Last Year

D&T
Feb 29, 2024

Erste Group achieved an operating profit of EUR 5.5 billion in 2023, up 38% year-on-year, according to a preliminary profit outlook, the company said on its website on Thursday. The cost/income ratio improved to 47.6% from 53.4% as operating income growth outpaced operating expenses. Loans rose 2.8% year-on-year from EUR 202.1 billion to EUR 207.8 […]

Magyar Suzuki to Produce Its Own Electricity

D&T
Feb 26, 2024

Suzuki has inaugurated its own solar park at its Esztergom plant, the nearly HUF 800 million investment will cover 6-7% of the company's annual energy needs, the company's communications manager, Zsuzsanna Bonnár-Csonka told MTI on Monday. She highlighted that the solar panels installed on the roofs of the various units of the factory are an […]

© Copyright 2024 Duax Kft. –  All rights reserved.
sun