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Expected Revenue Generation at Appeninn Holding

D&T
Sep 21, 2020

Appeninn Asset Management Holding Plc. accounted 4.2 million EUR turnover and 11.4 million EUR EBITDA (interests, profit and loss before taxation and depreciation) for the first half of 2020. Profit and loss before taxation measured 7.4 million EUR, which is lower compared to the same period of the previous year. According to the half-year report […]

Nespresso Coffee To Be Carbon Neutral by 2022

D&T
Sep 17, 2020

Nespresso today commits that every cup of Nespresso coffee, both for at-home and for professional customers, will be carbon neutral by 2022. This new ambition builds on more than 10 years of work during which Nespresso has reduced its carbon emissions and compensated the remainder through agroforestry. "Climate change is a reality and our future […]

Vodafone Hungary Moves to New Premises

D&T
Sep 14, 2020

As the next step in the integration of Vodafone Hungary and UPC, in the fall of 2022, staff working in the company's Budapest offices will move to the Budapest ONE office park. The complex, developed by Futureal, will house Vodafone's new headquarters, which will offer innovative technological solutions with the highest standards, focusing not only […]

New Hell Energy Plant in Szikszó

Sándor Laczkó
Sep 10, 2020

The latte filling plant of energy and soft drinks manufacturer Hell Energy Hungary Plc. was inaugurated in the outskirts of Szikszó, NE Hungary this Thursday. The investment cost HUF 8 billion, to which the government provided HUF 4 billion in non-refundable support. At the inauguration, Finance Minister Mihály Varga said that this company, like the […]

The Power of Live Events

D&T
Sep 10, 2020

At 8 pm this Thursday, Budapest's sights, hotels, event and cultural venues and sports halls will be swimming in blue. This is how the organizers of the Power of Live Events series draw attention to the Hungarian professional event industry, the strength of cooperation and Budapest's unique beauty. The Power of Live Events program series […]

Successful Financial Year for Mercedes in Kecskemét

D&T
Sep 9, 2020

In many ways, 2019 was a successful year for Mercedes-Benz Manufacturing Hungary Plc. at the Kecskemét plant, which successfully started series production of three new models, the company's annual report says. The new CLA Coupé was followed by the CLA Shooting Brake and, in the autumn, the three Mercedes-AMG Performance compact models. The vehicles manufactured […]

Glencore plant in Foktő

Vegetable Oil Plant to be Expanded in Foktő

D&T
Sep 7, 2020

The foundation stone has been laid for the newest production plant of Pannon Növényolajgyártó, a member of the Glencore Agriculture Group in Foktő, south-central Hungary. The crushing facility, which was opened in 2012 will now be enlarged with a unit for further refining through this investment of EUR 66.3 million. Products will leave the plant […]

Sika Hungaqry General Manager András Berecz

Building Trust

Sándor Laczkó
Sep 6, 2020

As a sign of further development, Sika Hungária, the local subsidiary of Sika AG, the Swiss chemical company of building supplies, has moved to a larger site in Biatorbágy, just outside Budapest. As General Manager András Berecz tells Diplomacy&Trade, the company is constantly introducing new products and solutions to keep ahead of competition, increasing their […]

Stadler: Better Than Expected Performance

Sándor Laczkó
Sep 4, 2020

This year, Stadler Trains Hungary Ltd. celebrates its 15th anniversary. The company’s Country Manager, Zoltán Dunai tells Diplomacy&Trade about the company’s successful one and a half decades in this country since contracting with MÁV Hungarian State Railways to supply FLIRT trains in 2005. “The past 15 years were very exciting for us, nobody would have […]

Korean Firm to Set Up First European Units in Hungary

D&T
Sep 3, 2020

Within the framework of its investment of EUR 32.1 million, the South Korea-based company Dongwha is building already two units in Sóskút, NW of Budapest: one for producing electrolyte and another to recycle the solvent NMP. Both activities are closely linked to the EV (electric vehicle) battery manufacturing value chain, creating an additional 90 jobs, […]

Nestlé: a Resilient, Responsible Firm

D&T
Sep 2, 2020

Nestlé Hungária has been operating in Hungary for nearly 30 years and is currently the largest Swiss investor and employer. The corporation is interconnected with the country in so many ways and is especially proud of the fact that the majority of its suppliers are Hungarian enterprises, which annually sell various products and services to […]

ALTEO Reports Significant Growth of Revenues

D&T
Aug 31, 2020

In the first half 2020, both the revenue and net after-tax profit increased significantly at the Hungarian energy company ALTEO Group. The 33% increase in sales revenue was accompanied by a 120% rise in after-tax profit. A report by the Group says the growth achieved not only reflects the success in investment and acquisition activities, […]

A Valued Member of the Givaudan Family

Sándor Laczkó
Aug 30, 2020

Ten years ago this year, Givaudan, the world's largest company in the flavor and fragrance segment, announced it would build a factory in Makó, SE Hungary, creating hundreds of jobs. Head of Operations and Company Manager Mihály Karkas talks to Diplomacy&Trade about the operations and achievements of this Givaudan plant. “This important investment project contributes […]

Hops

Increasing State Support for Hop Growing in Hungary

D&T
Aug 30, 2020

The size of Hungarian hop plantations may increase by another twenty hectares due to the fact that - following the subsidies of previous years - the Ministry of Agriculture will launch another support program this year with a budget of HUF 150 million to support the domestic production of beer. In Kastélyosdomb, W Hungary the […]

Salads for the Heroes

Sándor Laczkó
Aug 28, 2020

Eisberg Hungary joined Sportfive Hungary Ltd. and the Ferencváros sports club FTC in the initiative "We cook for heroes!" In addition to their free lunches, created by master chef András Wolf in the kitchen of the FTC stadium Groupama Arena, 150 hospital workers received fresh salads daily. Employees of the Szent László Hospital received a […]

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