The Hong Kong-based electronics company Lenovo will manufacture products for data centers and desktops in its brand new facility in Üllő, south of Budapest, in the framework of an investment worth EUR 24.7 million, creating a total of almost 1,000 new jobs. Lenovo was founded in 1988 in Hong Kong and gained global significance in […]
Samsung – such a familiar word for most people – but just a few know what it really means. Samsung in Korean means and symbolizes ‘Be strong and shine brightly forever’. The company was established in 1938 by Lee Byung-chul and over the next three decades, the group dealt with food processing, textiles, insurance, securities […]
HungaroControl Co. Ltd. has received the Transport Company of the Year award from the 170-year-old Budapest Chamber of Commerce and Industry (BKIK) in recognition of the Company's outstanding activities in the field of aviation. BKIK presented the award to the Hungarian air traffic service in recognition of the company's exemplary activities in the framework of […]
As a result of the latest investment, the German technology company Continental's vehicle dynamics test track facility in Veszprém, west central Hungary, is now suitable for the testing of highly automated safety functions and advanced driver assistance systems, following the latest automotive trends, which may strongly contribute to significantly faster development cycle times. Building on […]
Magyar Telekom, the leading Hungarian telecommunications service provider, has announced that based on the decision of the Company's Board of Directors, Gábor Gonda will be the Chief Commercial Officer Enterprise and CEO of T-Systems Magyarország Zrt. as of November 2, 2020. Gábor Gonda takes on his new position as the CEO of T-Systems with 21 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
