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.
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.
Kempinski Hotel Corvinus has been voted Hungary’s Leading Business Hotel by World Travel Awards - a global recognition by the travel, tourism and hospitality industry as the definitive acknowledgement of excellence -, for the third time.
Budapest Airport and DHL Express have signed a strategic agreement about the development of a new facility for the Deutsche Post DHL Group company in Hungary. This is the second large-scale investment by Budapest Airport and DP DHL.
Hungary is changing into higher gear in the field of electromobility as the Ministry for National Economy (NGM) announces a tender offering HUF 1.25 billion of non-refundable grants for establishing charging stations for electric vehicles in the country.
Hungary’s leading pharmaceutical company, Gedeon Richter Plc., has signed an exclusive license agreement with Recordati to commercialize cariprazine, a novel atypical antipsychotic in Western Europe and in Algeria, Tunisia and Turkey.
The Sunday turnover of the biggest retail chains in Hungary has recovered to the level from before the implementation of the Sunday shopping ban only by now - after about four months, the financial website portfolio.hu reports.
German carmaker Mercedes-Benz is building a new plant next to its existing factory in Kecskemét, eas-central Hungary. The capacity of the new plant, built with an investment of EUR 1 billion, will be 150,00 cars a year and the project will create 2,500 new jobs.
The Budapest city council has invited tenders to operate "hop-on, hop-off" sightseeing buses in the city, the Hungarian news agency MTI reported. The concession is for 20 years and guarantees a monopoly on a market worth 1.5 billion annually.
Hungary-based budget airline Wizz Air reports a jump in profits for the first quarter of 2016. The airline also saw halving of its intended second half growth to the UK and re-deploying this capacity to other non-UK routes due to the outcome of the Brexit vote.
Hungarian oil and gas group MOL has announced that it is selling its minority stake in Energopetrol to INA, its own Croatian subsidiary. The share purchase agreement with INA concerns the sale of MOL's 33.5% equity stake in Energopetrol.
On-demand ride share service company Uber is suspending its services in Budapest as of 24 July when new legislation enters into effect, facilitating the blocking of platforms that offer "illegally operating taxi services."
Budapest Airport Co. Ltd. will make a HUF 50 bn investment over the next five years. The program includes a new passenger pier, and the construction of an airport hotel as well as a series logistics and security-related investments will all begin shortly.
