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 […]
Established in July 2012, the Hungarian-Croatian Section of the Hungarian Chamber of Commerce and Industry aims to foster economic and trade relations between the two countries and serve the economic interests of their entrepreneurs. In addition, the Section is responsible for supporting and lobbying in favor of Hungarian-owned companies operating in Croatia and Hungarian companies […]
Audi Hungaria ended 2019 with a high production result despite challenging conditions: last year, more vehicles rolled off the assembly line in Győr, NW Hungary than ever before. In addition, the company produced over 90,000 e-motors a year after production started. At the same time, 2019 saw the start of the serial production of the […]
Q4 2019 data indicate that the property market is in a state of change in Hungary. The latest analysis by the Duna House property agency says that for the first time in many years, the majority of residential property indices of Duna House are falling, but the price index of brick and mortar apartments in […]
Shell appears with two new products in the Central and Eastern European market for electric chargers: the company is launching its first fast charging station in Hungary in cooperation with IONITY, a charging network operator, and, at the same time, introducing the Shell Recharge charging station, its own global brand. This allows drivers at Shell […]
In the first days of 2020, PSA group starts to produce three-cylinder Turbo PureTech petrol engines at the Szentgotthárd plant in SW Hungary. 350,000 1.2-liter engines, of 100 and 130 hp, are expected to be produced in each year. Being awarded and implementing this strategic investment, the importance of the Szentgotthárd plant among the European […]
The first dedicated cargo flight, a Boeing 747 giant aircraft, arrived this Tuesday and thus, BUD Cargo City is now operational at Liszt Ferenc International Airport. The world-class logistics hub has been one of the largest airport development projects in recent years, now operating as a gateway for air freight in Central and Eastern Europe. […]
As the specter of a global economic slowdown looms, many banks are bracing themselves for leaner times. David Moucheron, Chief Executive Officer of K&H Bank, one of the leading financial institutions in Hungary, is confident that the bank’s solid financial position and international expertise as well as the resilience of the local economy open new […]
