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Budapest Stock Exchange Index Up on the Week

D&T
Jan 16, 2022

The stock index of the Budapest Stock Exchange (BSE) rose on rising turnover this week, closing at 52,675.9 points on Friday, 719.16 points or 1.38% higher than a week ago. Turnover on the stock market was HUF 77.70 billion, up from 52.44 billion last week, with the leading shares, with the exception of Richter, gaining. […]

Vaccinating Animals Also Protects Humans

Sándor Laczkó
Jan 15, 2022

It was announced this late November that Ceva Phylaxia will set up a new vaccine factory along with the associated infrastructure by developing a new site under a greenfield investment in Hungary. As the General Manager of the company, Dr. Zsolt Németh tells Diplomacy&Trade, Ceva Phylaxia is growing and planning to grow. “Investments related to […]

PannErgy Heat Sales Up 5.6% Year-on-Year

D&T
Jan 14, 2022

PannErgy Plc. sold a record 599,490 gigajoules of heat in the fourth quarter of 2021, 5.6% more than a year earlier, the company told the state news agency MTI this Friday.  The production report noted, however, that fourth-quarter heat sales were about 3.4% below the quarterly target, mainly due to the Miskolc outage that occurred […]

HCL Technologies Acquires Hungarian Firm Starschema

D&T
Jan 14, 2022

HCL Technologies (HCL), a leading global technology company, signed a definitive agreement for the acquisition of Starschema, a leading provider of data engineering services, based in Budapest, Hungary. The strategic acquisition will bolster HCL’s capability in digital engineering – driven by data engineering – and increase its presence in Central and Eastern Europe. Starschema provides […]

HUF 600 Million Investment in Törökszentmiklós

D&T
Jan 13, 2022

Kunsági Mill Ltd. in Törökszentmiklós, E Hungary, has improved its milling technology, and a HUF 600 million investment has increased the company's wheat storage capacity by 10,000 tons, the company said in a statement sent to the state news agency MTI on Thursday. According to the information, the company won a non-refundable grant of almost […]

MOL Acquires Filling Stations in Hungary and Slovenia

D&T
Jan 12, 2022

Hungarian oil and gas enterprise MOL Group has signed an agreement to acquire Normbenz Hungary Ltd, which operates 79 service stations in Hungary under the Lukoil brand. MOL has also signed an agreement with Grupa Lotos SA and PKN Orlen to acquire 417 service stations in Poland. The Lukoil agreement announced today follows an acquisition […]

Hungexpo Arrives in the 21st Century

Sándor Laczkó
Jan 11, 2022

After a complete refurbishment taking two years, Hungexpo Budapest, owned by the French group GL events, a worldwide provider of integrated solutions and services for events, reopened in September this year to welcome exhibitors and visitors to the Hungarian capital’s fully renewed Congress and Exhibition Center. Founded in 1967 and operating as a public limited […]

Legrand, a Success Story in Hungary

Sándor Laczkó
Jan 9, 2022

Legrand, a world leader in the manufacturing of products and systems for electrical installations and information networks in terms of sales, has been present in Hungary for close to three decades through its acquisition, in 1992, by way of a privatization deal of the Hungarian Kontakta company, which had been operating in Szentes, SE Hungary […]

Budapest Stock Exchange Index Up in First Trading Week

D&T
Jan 9, 2022

BUX, the stock index of the Budapest Stock Exchange (BSE) closed the first trading week of 2022 with a rise, closing at 5,956.74 points on Friday, up 2.44% on the previous week, or 1,236.03 points. The turnover of the stock market was HUF 52.44 billion, up from 24.88 billion in the previous four days of […]

Diversified Growth in All Segments

D&T
Jan 7, 2022

Duna House Group reports having reached record volume levels in Q4 2021. Franchise real estate brokerage grew by 29%, own office real estate brokerage by 39% and loan brokerage by 74% on a year-on-year basis. In Hungary, the residential real estate market performed in H1 2021 at levels unseen in the last 10 years, which […]

A New Leading European Company

Sándor Laczkó
Jan 7, 2022

Early this year, the French multinational healthcare company Sanofi announced the establishment of EUROAPI, a future leading European company dedicated to the development, production and marketing of active pharmaceutical ingredients (API). The standalone company will combine Sanofi’s API commercial and development activities with six of its European production sites, one of which is in Újpest, […]

Futureal: 70,000 sqm of Real Estate Investment

D&T
Jan 5, 2022

The Hungarian real estate development firm Futureal Investment Partners has acquired three properties totaling nearly 70,000 square meters, two shopping centers and an office building in Poland, the real estate investment and asset management company announced in a statement sent to the state news agency MTI on Wednesday. The company also acquired the 30,300 sqm […]

Further Growth at TÜV Rheinland Intercert Ltd.

Sándor Laczkó
Jan 5, 2022

TÜV Rheinland Intercert Ltd., an internationally renowned technical testing, inspection, surveillance and certification company, has completed a multi-million-euro investment in the last two years. Last year, the company moved to new, larger and more modern premises, and a new managing director has been appointed as of December 1, 2021. The new head of the company, […]

Serving Members and Partners Professionally

Sándor Laczkó
Jan 3, 2022

The French-Hungarian Chamber of Commerce and Industry (CCI France Hongrie) celebrated its 30th anniversary in 2021. On this occasion, the President, László Károlyi and the Director, Ágnes Ducrot talked in the December issue of Diplomacy&Trade about the chamber, the anniversary and the services the organization offers to its members and partners. The Chamber's website says: […]

Budapest Stock Exchange Index Up by 20% in 2021

D&T
Dec 30, 2021

The stock index of the Budapest Stock Exchange (BSE), the BUX, closed the year at 50,720.71 points on Thursday, with a turnover of HUF 6.6 billion, up 8,613 points, or 20%, in 2021. The annual turnover of the BSE is estimated by the state news agency MTI to have exceeded HUF 3,360 billion this year, […]

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