After the forced spring shutdowns, production in Hungarian car factories will be suspended again, but it is important to emphasize that the coronavirus epidemic has nothing to do with it, the financial website portfolio.hu writes. Only the usual planned shutdowns will take place in the summer, used by the companies for maintenance and conversion work.The […]
The 2008 global financial crisis left the world reeling from the near-collapse of the global financial system and recovery has proved slower and more protracted than most expected. Despite the seeming restoration of normalcy in the global economic processes over the past decade, the crisis triggered by the coronavirus epidemic has brought to light the […]
The National Bank of Hungary (MNB) extended its Green Preferential Capital Requirement Program that does not only recognize discounts for interest rates but also for fees in the future, which provides incentives to introduce additional mortgage loans for energy efficiency purposes. The program is extended by one year, until the end of 2024. An MNB […]
Economists and policy makers are still struggling to assess the scope of the global economic fallout that the coronavirus epidemic is leaving in its wake. Some analysts argue that central and eastern Europe, and consequently Hungary, could emerge from the economic malaise stronger than before. The jury is still out as to the shape and […]
The precast reinforced concrete firm PreBeton Co. Ltd. has carried out capacity expansion of with a non-refundable grant of HUF 2.6 billion from the Hungarian Ministry of Finance. PreBeton Co. Ltd. whose new plant in Erdőtelek, east of Budapest has just been inaugurated, is engaged in the production, assembly and machining of precast reinforced concrete […]
The Hungarian state and Airbus Helicopters are establishing the joint venture 'Airbus Helicopters Hungary Ltd.' The deal was announced in Budapest this Friday. The Hungarian state has a 30% ownership stake in the newly established joint venture in Gyula, SE Hungary. From 2022, the factory will produce helicopter parts exclusively for Airbus. "The investment in […]
Since 2004, the CEE-6’s share in EU manufacturing output has more than doubled, as measured by the output of its factories, with the region overtaking Spain and the UK, and is closing in on France. Colliers International has published its latest report: COVID-19 & CEE’s Industrial Upside Europe’s Near Shore Powerhouse. CEE’s highly skilled and […]
The ordinary shares of the real estate investment company SunDell Estate Plc. were listed in the standard category of the Budapest Stock Exchange (BSE) for the first time on Monday. According to a BSE announcement, one million SunDell ordinary shares (SUND) with a nominal value of HUF 100 each have been introduced into the standard […]
The Andersen international tax and legal consulting group will return to Hungary with the merger of OrienTax Tax Consultant Co. Ltd. and Szabó, Kelemen and Associates Law Firm in July. In its statement to the Hungarian news agency MTI on Saturday, Andersen Consultant Co. Ltd. emphasized that Andersen, which operates independently and has a global […]
The Hungarian capital has been enriched with two more mini-statues as the characteristic Kolodko figures have appeared in its 10th District, Kőbánya for the first time. The sculptor has been inspired by history of the Dreher breweries. The past of the Dreher family is a novel story that spans centuries. The Kőbánya Brewing Company, founded […]
Many companies in the CEE region might consider a hybrid mix of remote and office-based work along with software for management of distributed teams, project management, team management and even skills management in the business. "We expect that a fair amount of market activity in 2020 will come from lease renegotiations and renewals as opposed […]
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, 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 […]
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 […]
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 […]
