The history of Dreher Breweries dates back to 1854 when local brewer Peter Schmidt produced his first beer in Kőbánya. Antal Dreher, dubbed the ‘King of Beer’, bought Schmidt’s brewery eight years later and turned it into an iconic establishment. Antal Dreher was a revolutionary figure in the history of beer. In 1841, he unveiled […]
One of the leading aeronautical information technology companies, 25-year-old Lufthansa Systems Hungária, is expecting Java and Javascript developers, testers and data engineers to join its newly opened office in Szeged. The company does not leave the recruitment to chance, either: in the summer of 2019, it signed an agreement on applied and industrial research cooperation […]
CEE Business Media operates the English-language BiznesPolska.pl, and is the organizer of several international award events, including the Japan – Central Eastern Europe Investment Awards, which will take place in Tokyo on April 23. The Founder and Editorial Director of CEE Business Media, Thom Barnhardt tells Diplomacy&Trade that “our focus is on connecting international investors […]
The Japan External Trade Organization (JETRO) established an office in Budapest in 1991. And, according to the General Director of the office, Ms. Akiko Okumura, they have been receiving requests for investment consultation from Japanese companies non-stop ever since. “JETRO's strengths lie not only in its networks overseas, but also in every prefecture in Japan. […]
Budapest Airport welcomed the first direct Seoul-Budapest cargo flight this Thursday; Korean Air’s Boeing 777F type cargo aircraft taxied to the apron of BUD’s logistics base at 10:40. A press release by the airport management company says this aerial connection is not only an excellent opportunity for the large Korean companies operating in Hungary, but […]
The Hungarian oil and gas giant MOL Group has announced its financial results for 2019 this Thursday. The report says that despite the much challenging and volatile external environment at the end of the year, MOL Group generated USD 598 million Clean CCS (current cost of supply) EBITDA (earnings before interest taxes depreciation and amortization) […]
The Hungarian Export Promotion Agency (HEPA) opened a regional partner office in Tokyo in May last year, assisting Hungarian firms to enter the Japanese market and establish a firm presence there. “Last year was very important in Hungarian-Japanese relations as we celebrated the 150th anniversary of the two countries establishing diplomatic relations. We thought it […]
Codic Hungary closed a very successful year in 2019 by securing an anchor tenant who will lease 11,300 m² in the Green Court Office building, due for completion in Budapest in early 2022. With this transaction, Codic Hungary’s latest development will reach 65% occupancy of its office spaces only seven months into construction. The tenant, […]
Integrated International Payroll (iiPay), the cloud-based market leader of global payroll and technological services, has chosen Budapest for the location of its center serving the EMEA region (Europe, Middle East and Africa). Initially, the office of 60 associates will provide operative tasks in English, German, Polish, Spanish and Italian languages, but short-term plans feature expansion […]
Wizz Air, a low-cost airline with Hungarian background, posted record-high after-tax profit of EUR 21.4 million in the third quarter that ended on December 31. According to a statement of results published on the company's website this Wednesday, Wizz Air increased its revenue by 24.6% to EUR 637 million during this period, while passenger traffic […]
The Croatian oil company INA is now over 55 years old. Over this period, it has greatly contributed to the country’s energy security. In the past decade, it went through further development as part of the Hungarian MOL Group and as a firm committed to sustainability and supporter of the local community. Speaking about the […]
The 630,000 m2 of certified green office space as of 2015 year-end had increased to over 1,500,000 m2 by the end of 2019, more than doubling the amount of green office space. This represents 40% of the total modern office stock. There have also been doubles in the number of certified office buildings or office […]
The lighting company Tungsram and Startup Campus is launching a new acceleration program specifically aimed at hardware startups in Hungary. Participants will receive an initial capital investment of HUF 20 million (EUR 60,000), resources for production and testing, as well as business training. By the end of the half-year program, they should be able to […]
Zagreb-based Orbico Group is the leading distributor for a large number of quality globally known brands ranging from beauty care products through food and non-food products, technical and electrical appliances to pharmaceuticals, toys, textile, cigarettes as well as motor oil products. It has been present on the Hungarian market since 2011. Orbico Ltd., the owner […]
OTP Bank is the largest commercial bank in Hungary, and OTP Group is one of the largest independent financial services providers in Central and Eastern Europe. Its Croatian subsidiary is the fourth largest bank in that country with a potential for further growth. “At our closing event in March 2005, when OTP Bank took over […]
