The American automotive parts producer Dana Incorporated broke ground on its new European gear manufacturing facility in Gyõr, NW Hungary to support new business in the region. Production is planned to start in 2018.
The American automotive parts producer Dana Incorporated broke ground on its new European gear manufacturing facility in Gyõr, NW Hungary to support new business in the region. Production is planned to start in 2018.
The American multinational technology company IBM has announced the opening of an IBM Budapest Lab dedicated to developing new technologies for IBM Cloud Video to support the increasing demand for streaming video technology.
The foundation stone for Hungrana Ltd.’s latest biomass power plant has been laid in Szabadegyháza, this Friday. Hungrana’s existing biomass power plant burns 60,000 tons of hay and 12-15,000 tons of sunflower husk pellets annually.
ZF, one of the largest automotive suppliers worldwide, and strategic partner of the Hungarian Government, has announced that its Car Powertrain Division invests nearly EUR 100 million in its Eger location (east of Budapest), creating 770 new job until 2019.
GlaxoSmithKline (GSK) is launching a development worth EUR 57 million in its Gödöllõ plant. Upon completion of the investment, the plant will have expanded activity, producing diphtheria and tetanus vaccine (DT and TT) components for new areas of use.
Environmental blogger and bestselling author (‘Zero waste home’), Bea Johnson presents her show in Budapest on March 22. Hungarian green associations, municipal companies and authentic public persons will make the event even more colorful.
Dutchman Rick Enders, General Manager of Budapest Marriott Hotel & Millennium Court, Marriott Executive Apartments is more concerned about the human factor than the tides. Diplomacy&Trade has recently published an interview with him.
A startup initiative of young Hungarian professionals enters the local market of laundry products and detergents. At first, the 100% Hungarian products will be sold in TESCO stores, then, according to plans, they will also be available in other retails chains.
RUAG Aerostructures, a major player in the aerospace industry, opened its new factory in Eger, NE Hungary. It is the Switzerland-based aircraft section producers third plant to complement the ones in Germany and Switzerland.
The Spanish Segura Group invests over EUR 17 million to expand its automotive bodywork and engine metal component factory in Szolnok, Eastern Hungary and plans to create an additional one hundred jobs there. The Group has been operating in Szolnok since 2005.
Within the framework of a EUR 7.4 million project, the company GSI - a global leader in the grain and protein solutions - will purchase modern machinery and equipment and plans to double its current staff in the coming years.
In January 2017, the Budapest and the Hungarian real estate market indices of GKI-MGYOSZ stood at +4 and +2 points respectively. The index figure in Budapest was slightly up (within the error margin), while the national index has increased 3 points.
China’s biggest commercial bank, the Bank of China (BoC) have concluded a number of cooperation agreements with Hungarian partners in Budapest. Bank of China's Chairman has announced the issuing of a yuan debit card in Hungary.
Hungarian telecoms group Magyar Telekom has signed an agreement with Hrvatski Telekom d.d. for the sale of its majority (76.53%) stake in Crnogorski Telekom A.D. Podgorica. The value of the package is about HUF 38 billion (some EUR 123.5).
Erik Bogsch, the CEO of the Hungarian pharmaceutical giant Gedeon Richter, has been chosen as the 2016 'Man of the Year' in Hungary by the business weekly Figyelõ that recognizes positive examples to be followed morally and financially.
