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.
OTP Bank Plc. has announced that its Croatian subsidiary OTP banka Hrvatska, signed an acquisition agreement on purchasing 100% shareholding of Splitska Banka, member of Société Générale Group, portfolio.hu reports.
The Dubai Tourism Bureau has officially opened its Budapest office. The emirate sees significant potential in Hungary and therefore would like to achieve notable growth in the number of Hungarian tourists visiting Dubai.
As the risk environment for companies is changing, the insurance firm Allianz Hungária, in close cooperation with AON Hungary in the field of risk analysis, and the IT systems firm Duna Elektronika, jointly provide expert help in case of an unexpected disaster.
Even though it is one of the city’s newest dental clinics, Helvetic Clinics Budapest already has an excellent reputation. Through recommendations of satisfied clients, it has quickly developed a high-profile clientele seeking exceptional dental care.
Lufthansa Technik AG, Germany’s leading aircraft maintenance and engineering company has opened a new Aircraft Engineering Services Center at Budapest Airport. The new center will focus its activities around the Boeing 737 aircraft.
Executives of German carmakers Audi and Daimler complained about labour shortage in Hungary this Wednesday, adding that efforts to improve worker mobility and local infrastructure were needed, the financial website portfolio.hu reports.
Chinese automobile manufacturer BYD is establishing Europe’s first electric bus factory in Komárom, NW Hungary with an investment of HUF 6.2 billion forints (EUR 20 mn). Production is expected to already begin early next year.
Nestlé Hungária organized a conference in Budapest at the 25th anniversary of its establishment and the 150th anniversary of the founding of Nestlé. Nestlé’s investments in Hungary total more than HUF 100 billion (EUR 330 mn).
Home improvement and do-it-yourself goods hypermarket chain Praktiker has opened its 20th - and the largest - store in Hungary. The 12,000-square-meter facility, secured with a long-term rent contract, has been built in the place of a similar store.
