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Support for Companies Amid Energy Crisis

D&T
Sep 23, 2022

The Minister for Economic Development, Márton Nagy, outlined targeted steps to support the corporate sector threatened by the energy crisis and rising prices at AmCham Hungary's Business Forum in the Gundel restaurant in Budapest this Thursday. The manufacturing sector in Hungary, especially SMEs, are highly exposed to rising energy prices, and the energy intensity could […]

Swisscham Hungary Sustainability Picnic

D&T
Sep 20, 2022

Following the example of a tree planting two years ago, the Swiss-Hungarian Chamber of Commerce (Swisscham Hungary) came up with the idea of another green project: an insect hotel in Népliget park in Budapest in order to provide these small creatures with a safe, reliable place to survive bad weather, find food or even build […]

Production Stopped at Dunaferr Steel Works

D&T
Sep 19, 2022

"The situation of Dunaferr has become untenable", and after the closure of one blast furnace weeks ago, the steel works were forced, on September 16, to close down the other one, which, according to the company, "could have fatal consequences for one of the largest Hungarian industrial companies." The immediate reason for the shutdown, they […]

Mol Százhalombatta Refinery at Full Capacity Again

D&T
Sep 18, 2022

The first phase of the planned major shutdown of the Danube Refinery in Százhalombatta, south of Budapest, has been completed, Mol has kept to schedule and restarted all plants, thus producing fuel at full capacity again, the company said in a statement. The second phase of maintenance is scheduled to start on October 9. It […]

New Cheese Factory Completed in Szekszárd

D&T
Sep 16, 2022

The Hungarian government has paid 40% of the construction costs of a new HUF five billion cheese factory complex in Szekszárd, Southern Hungary. Tolnatej's new plant will have the capacity to produce 19,000 tons of cheese a year, and the development will secure the company's operations and jobs for the coming period, the Finance Ministry […]

New Site of Saubermacher-Hungary Inaugurated

D&T
Sep 16, 2022

The new site of the waste treatment and recycling company Saubermacher-Hungary Ltd. in Kecskemét was inaugurated this week. It was built with an investment of HUF 1.5 billion, with the support of the Hungarian state, which provided around HUF 256 million (17%) of the investment costs. Péter Horváth, Managing Director of Saubermacher-Magyarország Ltd., emphasized that […]

Siemens and Deutsche Bahn Test Hydrogen Train

D&T
Sep 14, 2022

Premiere ride in the new hydrogen train: Dr. Roland Busch, CEO of Siemens AG, Dr. Richard Lutz, CEO of Deutsche Bahn, and Hartmut Höppner, State Secretary in the Federal Ministry for Digital and Transport (BMDV), were taking their first ride in the Mireo Plus H hydrogen recently, a press release by Siemens reports. The train’s […]

Bosch to Set Up Future-proof Automotive Center

D&T
Sep 13, 2022

The foundation stone of Bosch’s new building complex of 3,500 sqm has been laid in Zalaegerszeg, SW Hungary. The facility that will be home to 200 engineers tasked to research and test technology related to autonomous driving, e-mobility and artificial intelligence (AI), the Hungarian Investment Promotion Agency reports. The EUR 11.4 million project, close to […]

Extra Financial Benefits for Erste Bank Hungary Staff

D&T
Sep 13, 2022

Erste Bank Hungary contributes to the financial health of its employees with extra financial benefits and an early pay rise. In September, all eligible employees of the financial institution also received EUR 350 from the Austrian parent bank. A press release by the company says that in view of the rising cost of living due […]

Fressnapf to Set Up New BSC in Hungary

D&T
Sep 12, 2022

A business services center (BSC) to employ 150 people marks the beginning of a new chapter in the 20-year history of leading European pet product retailer Fressnapf’s Hungarian presence. The investment involves a training scheme of some EUR 884,000 to enhance skills of newly recruited staff. German-owned Fressnapf has been a household name with local […]

MOM Park: Facility and Property Management in One Hand

D&T
Sep 10, 2022

From this fall, Icon Real Estate Management Ltd. will be responsible for the facility management (FM) and property management (PM) of the MOM Park commercial and business center. The aim of the change of model is to ensure a flexible and efficient service to clients at the usual high level, in line with the center’s […]

Another Record First Half Year for AKKO Invest

D&T
Sep 10, 2022

AKKO Invest, a Premium category Budapest Stock Exchange company, again closed a very strong half year after its largest subsidiary, NEO Property Services, also saw excellent results in the first six months of the year. AKKO closed the first half with revenue of HUF 11.3 billion and EBITDA of HUF 1 billion, and it expects […]

The Business Community Together for a Better Future

D&T
Sep 9, 2022

The stunning view from the newly-opened skybar White Raven Skybar & Lounge, placed on the last floor of Hilton, welcomed the Business Heroes who are actively making a positive impact in our society. A press release by the Atlas World Community says it aims to prize those entrepreneurs, who most distinguished themselves in Hungary for […]

Zoll-Platz to Build New Logistics Center at Szeged

D&T
Sep 7, 2022

With EU support and an investment of around HUF 1.4 billion, Zoll-Platz Ltd. is to build a new logistics center in the outskirts of Szeged, SE Hungary, the company’s Managing Director Péter Csonka said on Wednesday. At a press conference to present the investment, which will be completed by next summer with a subsidy of […]

Schneider Electric Building Smart Factory in Dunavecse

D&T
Sep 7, 2022

Schneider Electric's new manufacturing plant in Dunavecse (central Hungary), which is expected to start production in 2024, will use state-of-the-art technology and digital solutions. The plant will produce medium voltage equipment for electrical distribution systems. The investment will reach HUF 16bn (EUR 40mn), according to a statement by the company. Schneider Electric, the leader in […]

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