Hankook will expand its Hungarian facility in an over HUF 2.4 billion (EUR 8.7 m) investment project, co-financed by the European Regional Development Fund (ERDF), setting up a new production hall for a new compound mixing unit to increase effectiveness.
Hungary’s industrial production rose by 2.6% month on month in August, according to data adjusted seasonally and by working days, the Central Statistics Office (KSH) has reported on Friday. This comes after a 1.2% decline in July.
Hungarian Prime Minister Viktor Orbán and Deputy Chairman of Opel’s Management Board Thomas Sedran, inaugurated a new EUR 500 million flexible engine factory at the Opel plant in Szentgotthárd, W Hungary, creating 800 new jobs.
Hungary's TriGránit Development Corporation and the People’s Government of Putian City, Fujian Province in Southeast China signed a Letter of Intent on development and construction of a large urban center and a leisure complex.
Investment expert Csaba Kilián has been named as the new General Secretary of the Association of the Hungarian Automotive Industry (MGSZ). He has long been involved with the industry during his activities as investment promotion director.
Croatian energy group INA has announced that it has made a new oil discovery with exploratory well Deletovci-1 Zapad within the oil field Privlaka near the town of Vinkovci. The latest tests show daily oil production of around 600 barrels per day.
The vacuum cleaner factory in Jászberény, SE of Budapest, that supplies the European market, has been committed to innovation for 14 years within Electrolux that celebrates the 100th anniversary of vacuum cleaner innovation this year.
bpv | JÁDI NÉMETH is the founding member of bpv | LEGAL alliance operating as an association of independent law firms with local offices in key locations such as Baden, Bratislava, Brussels, Bucharest, Budapest, Mödling, Prague and Vienna.
The Hungary-based Mercedes-Benz plant of German carmaker Daimler plans to double its current 150,000-unit capacity. The expansion of the Kecskemét-based Mercedes plant, absorbing HUF tens of billions, may start in 2013.
This summer, the Hungarian Mobile Wallet Association celebrated the first anniversary of its foundation. Diplomacy & Trade talked to a member of the Board, Norbert Hovanyecz about the technology used and the plans for the future.
This year, the Hungarian firm Ganz Engineering and Energetics Machinery llc. (Ganz ЕЕМ), part of Russia’s Atomenergomash, will supply a batch of pumps for the third reactor – under construction – of nuclear power plant in Rostov, eastern Russia.
Linamar Hungary, a manufacturer of agricultural and construction machinery with a growing automotive parts division, opened a new manufacturing unit of 7,600 sqm at its Békéscsaba location in southeastern Hungary.
The Mercedes assembly plant, operated by Mercedes-Benz Manufacturing Hungary Ltd, in Kecskemét, east central Hungary, began production this spring. the June issue of Diplomacy and Trade carried an interview with the CEO.
Hotel Le Meridien in Budapest has just introduced its brand new White Lounge champagne and wine bar. The opening celebration included a performance of Hungarian piano player László Pecek Lakatos and culinary specialties.
Constantly developing and redeveloping is the key to a successful business, according to the management of Duna Elektronika, a dynamically growing IT firm that provides cost effective, modular IT services for both global accounts and SMEs.
