German aviation industry supplier Diehl Aircabin is expanding its existing capacities in Nyírbátor, NE Hungary with an investment of EUR 120 million (appr. HUF 37 billion). the Hungarian government is providing HUF 1.38 billion in funding.
German aviation industry supplier Diehl Aircabin is expanding its existing capacities in Nyírbátor, NE Hungary with an investment of EUR 120 million (appr. HUF 37 billion). the Hungarian government is providing HUF 1.38 billion in funding.
Siemens expanding its gas and steam turbine blade plant at its Power and Gas plant facility in Budapest with an investment of EUR 32.5 million (some HUF 10 billion). The expansion is planned to create 150 new jobs for technicians.
Hungary’s online retail trade closed an excellent year in 2016. According to a report by eNET, Hungarian webshops generated HUF 427 billion (about EUR 1.39 billion) in turnover, more than 5% of the total national retail trade volume.
General Electric is on its way to transform from a traditional industrial company (manufacturing machines and equipment) to a digital industrial company. Its Veresegyház factory enhances its production efficiency using its own digital technologies.
General Electric (GE) has confirmed that it has started talks on the sale of its lighting branch. According to the company, the sale will affect most of the lighting division's plants in Hungary and about half of the local workers.
Hungary’s leading plastic film manufacturing base, Material-Plastik, a family-owned company, begins a project worth EUR 10 million, a new 6,000-square-meter factory hall is established and the existing fleet of machinery is also developed.
The number of tourists coming to Hungary has been growing in the past decades, due to affordable accommodation possibilities, low-cost flights, and the many tourist attractions. Budapest remains the leading destination.
The 2016 BalatonBor (BalatonWine) show in Budapest went far beyond the wines and the usual tasting, it emphasized the importance of regional marketing. The food fitting the vintages were made by the staff of Costes Downtown restaurant.
India’s largest IT company, Tata Consultancy Services (TCS) is expanding its capacities in Budapest's 11th districvt by opening a new service center with 500 new employees and five thousand square meters of new office space.
Apollo Tyres Chairman Onkar S Kanwar and Hungarian Prime Minister Viktor Orbán inaugurated Apollo Tyres' 6th global tire manufacturing unit in Gyöngyöshalász, east of Budapest, which is the first greenfield investment of the company outside of India.
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.
