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 […]
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 […]
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 […]
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 […]
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 […]
