MOL Norge AS, a wholly owned subsidiary of Hungary' MOL Group, and its joint venture partners have discovered oil and gas in an offshore field located about 200 kms west of Stavanger in the Norwegian part of the North Sea. A statement by the company says the exploration well in the 820S licence area was […]
The International Air Transport Association (IATA) expects the global airline industry to need USD 150-200 billion in various forms of government financial assistance to survive the current COVID-19 crisis, the association’s director general and CEO Alexandre de Juniac is quoted by AVIATION WEEK. Losses the industry is facing will “certainly” be around USD 40 billion […]
Mercedes-Benz AG increases flexibility in the global production network of Mercedes-Benz cars by building a new press shop on an area of around 23,000 square meters in the company’s plant in Kecskemét, SE of Budapest. The new press shop will set standards in digitization in metal forming while design, development, planning, tool manufacturing and production […]
Honda is accelerating its electrification plans for Europe by moving forward its goal for all of its European mainstream models to feature electrified powertrains by 2022. The bold new target, recently announced during the 'Electric Vision' event in Amsterdam, is three years ahead of the previously announced 2025 goal, demonstrating the confidence Honda has in […]
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 […]
