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SME Robotization Barometer in Hungary

D&T
Jul 1, 2020

Nearly a quarter of small and medium-sized businesses in Hungary plan to introduce robotics in the next three years, according to a survey commissioned by Universal Robots called the 'SME Robotization Barometer'. Only 22.5% of companies planning robotics plan to introduce cobots (collaborative robots), however, this indicator is related to the size of the company […]

Daikin Hungary Opens New Showroom

D&T
Jun 29, 2020

Daikin Hungary, a subsidiary of the Japanese multinational air conditioning manufacturing company Daikin Industries, set up its state-of-the-art showroom in the Promenade Gardens office building in Budapest. The A+ category commercial property on Váci Road owned by Erste Open-Ended Real Estate Investment Fund was developed and leased by premium Hungarian property developer Horizon Development. The […]

Residential buildings in Prague

How the Pandemic Affects CEE Real Estate Market

D&T
Jun 25, 2020

According to a recent survey by Deloitte, almost nine out of ten respondents expect real estate market activity to decline in 2020. Between January and April this year, the perception of the players in the sector changed radically. Although more than half of the respondents expect only a short-term economic impact, 90% expressed a pessimistic […]

AutoWallis Acquires Slovenian BMW Dealership

D&T
Jun 22, 2020

Upon successfully closing the transaction of taking over the only BMW dealership in the Slovenian capital, the Hungarian automotive group AutoWallis enters the country’s automotive retail market, thus strengthening its presence in the Central and Eastern European region. The Ljubljana BMW dealership, which is also the largest one in Slovenia, opened in 2006, and besides […]

UniCredit Support for SMEs in the CEE Region

D&T
Jun 19, 2020

UniCredit has entered into a COVID-19 support package offered by the European Investment Fund (EIF) allowing the bank to provide working capital loans to CEE SMEs and mid-caps guaranteed by the EIF at a rate of 80% (previously 50%) under simplified eligibility criteria. The new measures extend the application of the InnovFin guarantee also to […]

BHS Trans foundation stone ceremony

Logistics Center Foundation Stone Laid

D&T
Jun 17, 2020

The foundation stone laying ceremony for BHS Trans Limited’s new logistics center took place this Wednesday in Debrecen, Eastern Hungary. 45% of the costs of the private investment is financed by Hungarian taxpayers. BHS Trans is building logistics centers in four Hungarian settlements this year with a total investment of HUF 7.6 billion (EUR 21.9 […]

German Pension Fund Buys Office Building in Budapest

D&T
Jun 17, 2020

GalCap Europe, the real estate asset and investment manager specializing in Austria and Central Europe, has acquired another asset in Budapest for a German pension fund’s portfolio: the Rumbach Center. Rumbach Center now expands the existing CEE portfolio within the investor's specialized fund structure, which is under the administration of 2IP Institutional Investment Partners. It […]

Thyssenkrupp's Hungarian Plant Delayed Significantly

D&T
Jun 16, 2020

The German Thyssenkrupp is postponing the construction of its production plant in Pécs, southern Hungary by one and a half to two years, Forbes magazine has learned. According to the original plans, production would have started in mid-2020 in the plant where engine parts will be produced for hybrid and fully electric vehicles. This later […]

Vodafone shop in the Sugár shopping center in Budapest

New Company Information Business Service from Vodafone

D&T
Jun 15, 2020

Vodafone Hungary has launched a new company information service for small and medium-sized enterprises. Partner Control and Partner Monitoring services support business decisions, risk analysis, and tracking of key financial data for new and existing customers with a comprehensive, international company database, data, and reliable facts. Vodafone Hungary's new business information service, which supports business […]

Hoteliers Receive State Award

D&T
Jun 13, 2020

János Áder, the President of Hungary honored Sameer Hamdan and Zuhair Awad with the Knight’s Cross, Order of Merit of the Republic of Hungary Medal for Civilians. The award was decreed in February in the official journal of Hungary, 'Magyar Közlöny' (Hungarian Gazette), however, due to the global circumstances the recipients received their award in […]

Logistics Center Cooled and Powered by Solar Panels

D&T
Jun 13, 2020

More than 2,250 solar panels of 270 watts each have been installed on the 6,500-square-meter roof of the logistics center in Cegléd of Gépész Holding that sells building engineering products. The new system produces the annual electricity demand of 160-170 detached houses – a smaller village if you like. In 2017, the building services company […]

Favorable Business Data at Hörmann Hungária

D&T
May 28, 2020

The turnover at Hörmann Hungária Ltd., which sells garage doors, exterior and interior doors and traffic restraint systems, increased by 19% (to HUF 9.5 billion) compared to the previous year, the company told the Hungarian news agency MTI. According to the information provided, internationally, the German parent company closed with a 5% increase and sales […]

Mol: Over 2 Million Liters of Disinfectant

D&T
May 26, 2020

The Hungarian oil and gas company MOL has shipped more than two million liters of its hand and surface disinfectants to hospitals, state and municipal institutions, public utilities and law enforcement agencies since late March when it began the production of these products. The company also started serving wholesale partners last week, reaching about 600 […]

Pannonia Bio: Successful Five Years

D&T
May 25, 2020

A study of the operation of the multi-product bio-refinery operator Pannonia Bio in the past five years shows that in 2019 alone, the company's activities contributed to Hungary's GDP by around EUR 712 million while supporting the maintenance of 2,580 jobs. The economic impact study prepared by the HÉTFA Research Institute also says that the […]

Denso: No Layoffs, Elevated Wage Remains

D&T
May 23, 2020

During the epidemic and under the conditions of temporary production shutdown, Denso Manufacturing Hungary Ltd. managed to save all jobs in the plant of Székesfehérvár's largest employer. They were not satisfied with the government's wage support plan first but now, they use the modified version. The crisis forced the Hungarian plant of the Japanese company […]

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