General Electric aims to double the volume of the products and services bought from Central-Eastern European SMEs, including Hungarian enterprises. The firm has approximately 6.000 suppliers in the region and its procurement value exceeds USD 1.7 billion.
The Hungarian subsidiary of the Swiss Maxon, Maxon Motor Hungary Kft. will extend - with a cash subsidy from the Hungarian government - its electromotor plant in Veszprém with an investment worth some HUF 4.2 billion, and the project will create 102 new jobs.
The first two electric buses have been manufactured at the plant of the BYD Electric Bus and Truck Hungary Ltd. in the local industrial park in Komárom, west of Budapest. The Chinese company opened its Hungarian plant in April this year.
South African real estate investment firm NEPI Rockcastle announced that, on September 15, 2017, it acquired all the issued shares of Aréna Plaza shopping center in Budapest through its subsidiary, Arena Property Ltd. for EUR 275 million.
German multinational engineering and electronics company Bosch, the world's largest supplier of automotive components is to establish a new regional center for which the foundation stone was laid in the industrial park in Hatvan, east of Budapest this Friday.
Coca Cola HBC has established Hungary's largest food industry warehouse in Dunaharaszti, south of Budapest with an investment of HUF two billion (appr. EUR 6.5 million). The 6,500-sqm warehouse can store 8,4 million liters of goods.
German-owned passenger transport company FlixBus has opened a Central Eastern European regional office at the Népliget Bus Station in Budapest in order to coordinate its Hungarian, Romanian and Bulgarian networks.
The Hungarian Government is providing HUF 968 million (EUR 3.15M) in funding towards Diehl Aircabin Hungary Ltd’s HUF 2.76 billion (EUR 9M) project to develop an engineering center in Debrecen, eastern Hungary, creating 150 new workplaces.
The Hungarian trucking company WABERER’S INTERNATIONAL Plc. has announced on the website of the Budapest Stock Eschange (BUX) that its series “A” dematerialised, registered ordinary shares are to be included in the BUX basket with a weight of 0.91%.
Iberia, the Spanish national airline, has announced that, unlike in previous years, it will operate flights between Budapest and Madrid in the winter season from 2017, with three weekly flights on Wednesdays, Saturdays and Sundays.
SPA Profiles Ltd. is constructing a new pressing plant in Székesfehérvár, SW of Budapest. The HUF 6.8 billion forints (EUR 22.2 million) investment by one of the world’s leading automotive industry suppliers is expected to create 120 new jobs.
The Hungarian oil and gas trust MOL celebrates the 80th anniversary of its first exploratory drilling that took place in Budafapuszta, Zala County in SW Hungary. In the rest of the year, MOL is to start drilling for oil and gas in eastern Hungary.
SMR, a global automotive supplier from India, starts two projects eastern Hungary. The one worth EUR 10 million covers a new manufacturing hall for rear-view mirrors, while a EUR 16 million development is to expand the bumper part manufacturing capacity.
As of next April, the Irish low-cost carrier Ryanair will start a new route between Budapest and Santander in northern Spain after an agreement with the government of the province of Cantabria, according to the daily El Diario Montañés.
The website of Lonely Planet, the largest travel guide book publisher in the world, has picked five Budapest neighborhoods as recommedned for those visiting the Hungarian capital - all of them districts in the downtown area along the river Danube.
