"In light of the current situation, we will be delaying a number of projects, like the plant in Hungary. Other projects will be carefully reconsidered. Now, more than ever, our investments need to be targeted and based on sound judgement," Nicolas Peter, Member of the Board of Management of BMW AG has announced. A press […]
Unilever Hungary will be expanding its household chemical goods production facility in Nyírbátor, NE Hungary with an investment of EUR 42 million (now cca HUF 15 billion), adding 30 new jobs to the existing 300. One of the most modern European plants of the British-Dutch parent company expands the floor area of its home care […]
Flisom, a developer and manufacturer of photovoltaic (PV) thin film solar cells, located near Zurich, Switzerland, has chosen Kecskemét, southeast of Budapest for the location of its first plant of industrial capacity. The Swiss technology company is going to produce ultra-thin, light and flexible solar cells using the most modern technology available. The 50 MW […]
The European Commission has issued a practical guide to facilitate the free movement of priority workers and frontier workers between EU member states. The Commission thus supports governments in creating the conditions under which cross-border commuters can cross borders, where appropriate, without circumventing controls, with proportionate health measures. It is a positive development in this […]
Wizz Air CEO and co-founder József Váradi donates over GBP one million for scholarship programs at the University of London where he completed his LLM postgraduate academic degree in 2014, specializing in International Business Law. "The Váradi Scholarships, open to all University of London flexible and distance learning programs, will offer up to 100 scholarships […]
Ferenc Liszt International Airport has lost more than 99% of its passenger traffic in April, on account of the crisis caused by the coronavirus pandemic and thus, headcount reduction among the employees has become inevitable, according to a statement by the facility's management company Budapest Airport. The document says that since the beginning of the […]
On April 29, Magyar Suzuki Corporation will restart production. While introducing healthcare and safety measures which will be more complex than any other measure before, the company will gradually restore production in one shift at the beginning. The Esztergom plant, NW of Budapest, continuously monitors the market needs and shapes production plan according to this. […]
The previous momentum in the construction industry still keeps the number of start-ups in the sector high. In March 2020, nearly 80% more businesses were launched in the sector than were closed. It was expected that the effect of the coronavirus would not be immediately apparent in the sector, but the March values refute all […]
By early April, Budapest Airport lost approximately 99.3% of its passenger traffic. Earlier, there were 320 aircraft movements, i.e. landings and takeoffs per day on average. Currently, this is just 35, of which only a few aircraft are airliners. In April 2019, the average daily passenger number (arriving and departing) was 44 000; this year, this […]
The stability of customers and suppliers is important for UniCredit Bank Hungary Co. Ltd. – as are liquidity-maintaining payments in economic life, a statement by the company says. With this in mind, UniCredit Bank supports its domestic suppliers by speeding up the payment of their invoices by settling them immediately after the usual checks. This […]
Media specialist Piroska Bakos is the new Head of Communications at the Hungarian oil and gas giant MOL Co. Ltd. She holdsthe position of the Group's communications manager in Hungary as of April 15. Piroska Bakos leads MOL Hungary's team responsible for Hungary's external and internal communications, as well as acting as spokesperson, under the […]
The international furniture and home retail chain JYSK has announced to build a distribution center in Ecser, southeast of Budapest, to provide stores in seven countries with goods. Due to this investment worth EUR 200 million, the Danish furniture company is going to create 300 new jobs. Following the opening of its first shop in […]
Audi Hungaria resumes production at its Győr plant as of this Tuesday. In consultation with the Volkswagen Group, Audi has developed a comprehensive package of measures to prevent the spread of the pandemic in the factory, in line with the regulations of the Hungarian health authorities, the local daily Kisalföld reports. One of the cornerstones […]
Magyar Telekom has begun its commercial 5G data transmission service. Initially, it is available in certain parts of Budapest and Zalaegerszeg, SW Hungary. 5G technology, allowing data transmission rates significantly higher than earlier, low latency, and the connection of a vast amount of network devices shall open up a number of new possibilities for residential […]
Due to the coronavirus pandemic the Gál Tibor winery in Eger, east of Budapest has lost all its sales channels: restaurants, wine bars, wine stores are all closed down and the restaurant which served guests and direct sales is, of course, no exception. “However, life must go on,” winemaker Tibor Gál says. “Spring is here, […]
