Using a service developed by Hungarians, Rakuten Viber and Mastercard have launched an instant money transfer service, called Moneytou, Hungarian state news service MTI said. Owners of credit cards issued by Hungarian banks will be the first in the world to use the service for immediate financial transactions. Viber users will be able to send […]
As health consciousness is gaining ground worldwide, brewers are hopping on the innovation wagon to keep up with shifting consumer demands. HEINEKEN Hungary is developing novel brewing techniques at its Sopron Brewery as focus shifts toward premium products and alcohol-free beers. Beer and Sopron share a history spanning several centuries. The western Hungarian city, which […]
GS Yuasa's first factory on the European continent is now complete. Through its EUR 28.8 million plant in Miskolc, the Japanese battery producer will supply its European automotive partners manufacturing electric vehicles (EV) with lithium-ion resources, further strengthening Hungary's position in electromobility, the Hungarian Investment Promotion Agency reports. The Hungarian government has contributed 465.3 million […]
Countries in Central and Eastern Europe display significant local differences in their healthcare systems and the delivery of healthcare services. Aging populations and the increase in chronic epidemic diseases shifted the focus at Philips to health and healthcare and the company relies on the latest developments in digitization, big data and artificial intelligence to design […]
Following a period of employee consultations, Rolls-Royce has completed the acquisition of the electric and hybrid-electric aerospace propulsion activities of Siemens (formerly known as the eAircraft business). As a result of the transaction, Rolls-Royce has established a subsidiary in Hungary, employing about 100 engineers taken over from Siemens. "The timely execution of the deal, announced […]
The Hungarian capital's largest exhibition site, Hungexpo will refurbish and modernize existing pavilions, build two new exhibition halls, a new reception building and a congress center by 2021, the company said. The budget of the investment project is HUF 55 billion. The foundation stone of Hungexpo's revitalization development was laid on Monday. The press release […]
The Dutch flag carrier is celebrating its 100th anniversary this October amid turbulent times for the aviation industry. The airline will need to rely on its commitment to adapting to shifting operational trends and embracing new technologies if it is to celebrate its bicentennial anniversary. The Dutch propensity for traveling and exploring the farthest corners […]
Staying ahead of the game in the digital age requires constant innovation and a flexible mindset when it comes to business opportunities, says Imre Sztanó, Chief Executive Officer of NN Insurance Co. Ltd. in Hungary. The country’s largest life insurance provider relies on cutting-edge technologies and innovative organizational changes to hold on to its leading […]
The American company Arconic that specializes in lightweight metals engineering and manufacturing has announced that its Hungarian subsidiary, Arconic-Köfém Ltd., received the 2019 Chain Bridge Budapest Award. Launched in 2017, this prize is awarded each year by the Hungarian Investment Promotion Agency (HIPA) to the company that makes the greatest contribution to the development of […]
“The only constant is change, and it is inevitable, as the old adage goes,” says Dr. Sándor Erdei, a seasoned venture capital and foreign direct investment professional, who is the founder and Chief Executive of Dutch-Hungarian financial services provider DBH Group. The transformational power of digital technologies is uprooting the way people live, work, and […]
Established 17 years ago, the Netherlands-Hungarian Chamber of Commerce in Budapest (Dutcham) aims to facilitate the exchange of professional expertise and provide networking possibilities for Dutch companies operating in Hungary and for Hungarian f irms planning to enter the Dutch market. Dutcham’s key mission of providing a platform for Dutch and Hungarian companies to build […]
METRO PROPERTIES, the real estate company of METRO AG, sold the real estate of 11 Cash & Carry stores in Poland, Hungary and Czech Republic in a sale-and-leaseback transaction. The portfolio has been acquired by FLE GmbH, Vienna, a subsidiary of the French LFPI Group, investing on behalf of an AIF regulated fund. The transaction […]
German businesses settling in Hungary have been important players in Hungary in the three decades since the fall of communism and contributed to the creation of market economy in Hungary, Finance Minister Mihály Varga said at the jubilee celebration of Continental Automotive Hungary Ltd. established in 1989. The Finance Minister highlighted that the performance of […]
The U.S. State Department cleared more than USD 4.2 billion worth of potential weapons sales for Japan, South Korea, Hungary, Lithuania and Denmark, defencenews.com reports. Hungary is seeking to spend an estimated USD 500 million on 180 AIM-120C-7 advanced medium-range air-to-air missiles. The prime contractor will be Raytheon. The weapons will be used to support […]
Hungarian electric car sharing service GreenGo is entering the Czech market, offering the chance to environmentally-conscious drivers to use their cars in the Czech capital, according to a press statement by the company. Budapest-based GreenGo was the first service provider to introduce electric community driving in Eastern Europe at the end of 2016. Their fleet […]
