Articles by Column


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Orbico Hungary Business Development Manager, Gergely Kovács

Compatibility, Engagement and Sustainability

Sándor Laczkó
Jan 24, 2020

Zagreb-based Orbico Group is the leading distributor for a large number of quality globally known brands ranging from beauty care products through food and non-food products, technical and electrical appliances to pharmaceuticals, toys, textile, cigarettes as well as motor oil products. It has been present on the Hungarian market since 2011. Orbico Ltd., the owner […]

he President of the Management Board at OTP banka Hrvatska, Balázs Békeffy

Success and Responsibility

Sándor Laczkó
Jan 22, 2020

OTP Bank is the largest commercial bank in Hungary, and OTP Group is one of the largest independent financial services providers in Central and Eastern Europe. Its Croatian subsidiary is the fourth largest bank in that country with a potential for further growth. “At our closing event in March 2005, when OTP Bank took over […]

A Hungarian-Croat Matchmaker

Sándor Laczkó
Jan 20, 2020

Established in July 2012, the Hungarian-Croatian Section of the Hungarian Chamber of Commerce and Industry aims to foster economic and trade relations between the two countries and serve the economic interests of their entrepreneurs. In addition, the Section is responsible for supporting and lobbying in favor of Hungarian-owned companies operating in Croatia and Hungarian companies […]

Audi Hungaria Closes 2019 with Excellent Production Results

Jan 16, 2020

Audi Hungaria ended 2019 with a high production result despite challenging conditions: last year, more vehicles rolled off the assembly line in Győr, NW Hungary than ever before. In addition, the company produced over 90,000 e-motors a year after production started. At the same time, 2019 saw the start of the serial production of the […]

Changing Real Estate Market in Hungary

Jan 14, 2020

Q4 2019 data indicate that the property market is in a state of change in Hungary. The latest analysis by the Duna House property agency says that for the first time in many years, the majority of residential property indices of Duna House are falling, but the price index of brick and mortar apartments in […]

A Shell Recharge Unit

Electric Chargers at Shell Stations

Jan 10, 2020

Shell appears with two new products in the Central and Eastern European market for electric chargers: the company is launching its first fast charging station in Hungary in cooperation with IONITY, a charging network operator, and, at the same time, introducing the Shell Recharge charging station, its own global brand. This allows drivers at Shell […]

Opel Capacity Expansion in Szentgotthárd

Jan 9, 2020

In the first days of 2020, PSA group starts to produce three-cylinder Turbo PureTech petrol engines at the Szentgotthárd plant in SW Hungary. 350,000 1.2-liter engines, of 100 and 130 hp, are expected to be produced in each year. Being awarded and implementing this strategic investment, the importance of the Szentgotthárd plant among the European […]

First jumbo jet at BUD Cargo City

BUD Cargo City Begins Operation

Jan 7, 2020

The first dedicated cargo flight, a Boeing 747 giant aircraft, arrived this Tuesday and thus, BUD Cargo City is now operational at Liszt Ferenc International Airport. The world-class logistics hub has been one of the largest airport development projects in recent years, now operating as a gateway for air freight in Central and Eastern Europe. […]

David Moucheron

Bolstering the Foothold in Hungary

Edith Balázs
Dec 30, 2019

As the specter of a global economic slowdown looms, many banks are bracing themselves for leaner times. David Moucheron, Chief Executive Officer of K&H Bank, one of the leading financial institutions in Hungary, is confident that the bank’s solid financial position and international expertise as well as the resilience of the local economy open new […]

Szonja Bender

Gateway to Hungary

Edith Balázs
Dec 27, 2019

The Belgian region of Flanders has one of the world’s most open economies and businesses established there are naturally inclined to expand abroad. The Hungarian representation of Flanders Trade & Investment (FIT), set up by the Flemish government in 2005, serves as a gateway to the Hungarian market for Flemish exporters. The FIT office in […]

Edit Ránky

An Emissary of Business Relations

Edith Balázs
Dec 23, 2019

Under Belgium’s federal system, the country’s three provinces of Flanders, the Brussels Capital region and Wallonia exercise independent powers as they strive to enshrine their economic autonomy. An area where this becomes markedly obvious is trade and investment promotion, and accordingly the regions operate separate trade representation offices in Hungary to facilitate bilateral business relations. […]

INA Refinery in Rijeka, Croatia

Rijeka Refinery Residue Upgrade Project

Dec 13, 2019

The Hungarian oil and gas company MOL Plc. has notified the market on the website of the Budapest Stock Exchange that the Supervisory Board of its Croatian subsidiary, INA granted its prior agreement this Friday for the Rijeka Refinery Residue Upgrade project and the INA Management Board unanimously approved the investment. The decision was supported […]

Suez Water Technologies and Solutions Hungary Ltd. CEO Yuvbir Singh

Water Purification Factory Expanded in Oroszlány

Dec 10, 2019

French company Suez is expanding its water purification membrane factory in Oroszlány, west of Budapest with an investment of HUF 9.6 billion, creating 85 new jobs. As the Hungarian Minister of Foreign Affairs and Trade, Péter Szijjártó stressed at the announcement of the investment in Budapest, the products of the Oroszlány plant are already used […]

Sandrine de Saint Sauveur

Watching the River of Life

Sándor Laczkó
Dec 9, 2019

APG Network is the world’s leading platform for airline services. With over 100 offices covering more than 170 countries, APG is the world's largest general sales agent (GSA) network, partnering with over 200 airlines to help them optimize revenue flows. APG Network is the global ‘go to’ service provider for air carriers and it offers […]

Magyar Telekom headquarters in Budapest

Magyar Telekom Revises Management Structure

Dec 7, 2019

Magyar Telekom, the leading Hungarian telecommunications service provider has announced that the its Board of Directors resolved to streamline its management structure by re-allocating the tasks and responsibilities of the Management Committee to the Chief Officers and to the Board of Directors of the Company with effect from January 1, 2020. Additionally, the Board of […]

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