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 […]
Indian companies have invested close to USD two billion in Hungary over the past three decades, making the Asian country one of the most prolific sources of capital from the East. Diplomacy&Trade takes a look at the most significant corporate investments that hail from the subcontinent. The 2014 announcement of India’s Apollo Tyres, the world’s […]
An increasing number of businesses are implementing digital technologies in their daily business processes, driving demand for IT service providers that help their customers to bridge the digital gap, Prabal Datta, Head of Tata’s Global Delivery Center in Hungary says. A worldwide leader in IT services, Tata Consultancy Services (TCS) set up its Global Delivery […]
The largest agricultural trade exhibition and fair in Eastern Hungary is held between August 15 and 18 this year at the agricultural campus of the University of Debrecen with 300 exhibitors. Farmer Expo is one of the leading international agricultural and food trade fairs in Hungary, which, from the very first moment, purposefully seeks to […]
Hungary's Gablini Group signed an agreement with the luxury brand to open an Aston Martin salon in Hungary next May, state news service MTI reported. Hungary will be the first country in central and eastern Europe where the brand is available and the salon will serve the Slovenian, Croatian, Serbian, Romanian, and Albanian markets. The […]
Polish airline LOT will start operating direct flights to Seoul, Prague, Belgrade, Stuttgart and Sofia, Hungarian state news service MTI reported, citing Rafal Milczarski, LOT’s Chief Executive Officer. The new Seoul service, to be operated 3 times a week from 22 September, will be the first direct air connection between Hungary and South Korea, Milczarski […]
Service providers and construction companies are the most successful enterprises in the Hungarian SME sector whereas agricultural companies are struggling to cope in today's business environment, according to a study commissioned by UniCredit Bank and carried out by Inspira Research. Industrial enterprises have the highest business potential and their ratio within the SME segment remained […]
Hungarian pharma firm Gedeon Richter has signed an exclusive license agreement with Hikma Pharmaceuticals Plc. to sell Richter's anti-psychotic drug ‘cariprazine’ in some Middle Eastern and North African (MENA) markets. Under the terms of the agreement, Richter will be responsible for product supply and Hikma will proceed with the registration and commercialization of the product […]
AUDI HUNGARIA is to launch a comprehensive development at its plant in Győr, NW Hungary: it will expand the e-motor production capacity as well as the engine development center and the vehicle manufacturing infrastructure. The complex investment program worth EUR 127 million is the first step in the preparation to the challenges triggered by electro-mobility, […]
South Korea's Bumchun Precision will build its first foreign plant in Hungary with an investment of HUF 13.3 billion . The new factory in Salgótarján, NE of Budapest, will manufacture aluminum battery connectors and will operate as a first-tier supplier to electric car manufacturers . At the official announcement, Hungarian Minister of Foreign Affairs and […]
Lack of skilled workforce costs EUR 358 billion to companies in the region, PwC says Business leaders in central and eastern Europe are growing increasingly concerned about talent and skills shortages and their hampering effect on growth. The loss in revenue resulting from the increasing lack of skilled workforce is estimated to amount to a […]
South Korean Doosan lays foundation stone of manufacturing unit in Tatabánya Industrial Park. South Korea's Doosan will construct a new manufacturing unit in Hungary with a capacity to produce 50,000 tons of red copper foil on a year. The investment is part of the EUR 100 million project unveiled in November 2018. The annual amount […]
The Bavarian premium brand has signed a cooperation agreement with two Debrecen vocational schools. BMW Group is launching a dual vocational training program at the BMW plant in Debrecen, northeastern Hungary from September 2021, based on a model that has already proved successful in Germany . The Bavarian company and the Debrecen Vocational Training Center, […]
European Commission Clears Vodafone's Bid to Buy Liberty Global Units The European Commission granted approval for Vodafone to acquire Liberty Global's cable business in Czechia, Germany, Hungary and Romania in exchange for full compliance with commitments previously undertaken by Vodafone. As a result, the U.K.-based telecommunications giant will become the new owner of UPC Hungary. […]
Budapest Bike-Sharing Data to be Available in Google Maps Google is launching a new service in 25 cities worldwide, including the Hungarian capital, showing users the exact location of bicycle-sharing docking stations, mediapiac.com reported. The service, offered by Google’s Map function, will also provide real-time information on the number of available bikes in a particular […]
