Vodafone Hungary has launched a new company information service for small and medium-sized enterprises. Partner Control and Partner Monitoring services support business decisions, risk analysis, and tracking of key financial data for new and existing customers with a comprehensive, international company database, data, and reliable facts. Vodafone Hungary's new business information service, which supports business […]
János Áder, the President of Hungary honored Sameer Hamdan and Zuhair Awad with the Knight’s Cross, Order of Merit of the Republic of Hungary Medal for Civilians. The award was decreed in February in the official journal of Hungary, 'Magyar Közlöny' (Hungarian Gazette), however, due to the global circumstances the recipients received their award in […]
More than 2,250 solar panels of 270 watts each have been installed on the 6,500-square-meter roof of the logistics center in Cegléd of Gépész Holding that sells building engineering products. The new system produces the annual electricity demand of 160-170 detached houses – a smaller village if you like. In 2017, the building services company […]
The turnover at Hörmann Hungária Ltd., which sells garage doors, exterior and interior doors and traffic restraint systems, increased by 19% (to HUF 9.5 billion) compared to the previous year, the company told the Hungarian news agency MTI. According to the information provided, internationally, the German parent company closed with a 5% increase and sales […]
The Hungarian oil and gas company MOL has shipped more than two million liters of its hand and surface disinfectants to hospitals, state and municipal institutions, public utilities and law enforcement agencies since late March when it began the production of these products. The company also started serving wholesale partners last week, reaching about 600 […]
A study of the operation of the multi-product bio-refinery operator Pannonia Bio in the past five years shows that in 2019 alone, the company's activities contributed to Hungary's GDP by around EUR 712 million while supporting the maintenance of 2,580 jobs. The economic impact study prepared by the HÉTFA Research Institute also says that the […]
During the epidemic and under the conditions of temporary production shutdown, Denso Manufacturing Hungary Ltd. managed to save all jobs in the plant of Székesfehérvár's largest employer. They were not satisfied with the government's wage support plan first but now, they use the modified version. The crisis forced the Hungarian plant of the Japanese company […]
Hungarian liquor producer Zwack Unicum Plc. has published the results of the company for the 2019-2020 business year: slight increase in gross sales and significant decrease in net sales. According to audited data, total gross sales of the company were HUF 26,358 million – practically the same as in the previous business year (+HUF 17 […]
In the period since the start of production in 1982 until this Tuesday, May 19, the Paks Nuclear Power Plant has generated a total of 500 terawatt hours, or more than 500 billion kilowatt hours of electricity. Such an amount of electricity would be able to supply the entire world with electricity for a full […]
Wescast Industries Inc., the world's leading supplier of cast exhaust manifolds for passenger cars and light trucks lays off 250 employees from its factory in Oroszlány, west of Budapest, the Hungarian news agency MTI reports. The news agency learned from the Vasas (Iron Workers') Trade Union that 250 of the 800 employees will be made […]
Hungarian airlines will receive a tax credit, according to the Hungarian Gazette published Friday night. According to this, the tax credit is available to companies with at least 10 employees whose main activity is one of the following: manufacture of aircraft and spacecraft; aircraft, spaceship repair; or air passenger transport - and sales fell by […]
Preparatory processes related to the construction of the BMW Group's future plant in Debrecen, E Hungary have reached another important milestone: after the successful land preparation works commissioned by the city of Debrecen, the BMW Group will officially take over the area by the end of May, according to a press release by BMW Hungary. […]
Life is slowly returning to airports from May; aviation has restarted in several European countries, amidst heightened safety measures. From May 1, traffic has resumed at Budapest Airport as well, albeit only gradually, as more and more airlines announce the relaunch of flights to Budapest. According to the latest Airport bulletin, the coronavirus pandemic had […]
Total revenues at the Magyar Telekom Group in the first quarter of 2020 amounted to HUF 159.333 billion, which is 0.2% higher compared to the corresponding period in 2019, according to the Group’s latest financial report. The operating profit in the first three months of the year was HUF 12.723, 1.1% more than a year […]
Hungary produced the largest increase in new passenger car registrations in the first quarter of 2020 among the member countries of the EU and EFTA in the alternatively powered vehicles (APV) category that includes all vehicles not running on petrol or diesel (that is, electric chargeable, hybrid and other alternative powered ones. According to the […]
