The AutoWallis Group’s Retail Business Unit increased new vehicle sales by 13% thanks to international acquisitions closed last year, while the Distribution Business Unit’s sales showed a year-on-year decrease in the first quarter, mainly due to one-off effects. The regional car sales and mobility service provider’s used vehicle sales skyrocketed, showing growth of more than […]
One of Budapest's most recognizable symbols, the Chain Bridge is not only a defining feature of the city's skyline, but also a symbol of Hungarian history and engineering achievement. Two of the iconic candelabras replaced during the recent renovation of the bridge have been given a fitting place at Liszt Ferenc International Airport, where they […]
ORLEN has announced a new call for applications for the ORLEN Skylight Accelerator. Startups and young technology companies from around the world can submit their solutions and test them under real-world conditions within the ORLEN Group’s infrastructure. The program is also open to companies at early stages of technological development (Proof of Concept, Minimum Viable […]
A second production unit and a new logistics center of Sensirion Hungary Ltd. were inaugurated this Wednesday in Debrecen, E Hungary. The development was realized with a HUF 4.5 billion investment of WX Sharing Ltd., jointly owned by SZINORG Group and XANGA Group, in a build-to-suit construction. According to a statement by the company, the […]
Today, a 15,300- square-meter high-tech production hall jointly developed by Panattoni Hungary and OTP Real Estate Investment Fund has been inaugurated in Debrecen. The plant, which was developed for ZF Chassis Modules in a build-to-suit construction, will supply chassis to BMW's Debrecen plant and is the second development of its kind in Hungary, following the […]
The real estate developer and real estate investment company WING increased its revenue and EBITDA (earnings before interest, tax, depreciation and amortization) in 2024, according to an investor presentation published on the Budapest Stock Exchange (BSE) website on Monday. The company increased its group-wide revenue from HUF 172.3 billion to almost HUF 198 billion last […]
The Hungarian-Japanese Economic Club (MJGK) was founded in 1971 to provide information, events and networking opportunities for companies and individuals interested in improving economic cooperation between Hungary and Japan. It comes as no surprise that this year, the Club’s activities are mainly related to the world exposition to be held in Osaka. Diplomacy&Trade talked to […]
Last year was an outstanding year for VERTIKAL Group, a company implementing the concept of a circular economy and operating in the environmental management, logistics and plastics industries, the company listed on BSE's Xtend platform told MTI on Friday. According to the statement, net sales increased by 67% last year compared to HUF 12.5 billion […]
“Serving society with superior quality” – this mission has defined the operation of Bridgestone Group and the corporation’s Hungarian factory, Bridgestone Tatabánya plant since the beginning. The principles of the Japanese founder, Shojiro Ishibashi permeates the operation of Bridgestone even today, referring not only to the quality of the products and services of the company, […]
On April 3, Adinish opened its first Hungarian showroom with a spectacular event in the presence of several local celebrities and popular influencers, the company said in a statement. According to the release, this not only made world-famous brands available to families with children in our country, but also a new lifestyle concept. The Romanian […]
Last August, a new CEO from England took the helm at the prestigious Dreher Breweries in Budapest. Mike James had been selected for the position based on his successful career within Asahi Europe & International, the owner of Dreher Breweries. His key responsibilities include overseeing the largest ever investment of HUF 100 billion in the […]
The investment of Harro Höfliger Hungary Ltd. in Debrecen has reached a milestone: the new production hall has reached its highest point of 15.3 meters, Managing Director Csaba Juhász announced at the building's topping-out ceremony on Tuesday. With the new hall, the Debrecen production unit of Harro Höfliger, a manufacturer of mainly pharmaceutical and medical […]
Headquartered in Tokyo, the Japan External Trade Organization (JETRO) was established by the Japanese government in 1958 as the nation’s principal organization for implementing and promoting trade with other countries. Its Budapest office was founded in 1991 and since then, it has successfully promoted business exchange activities between Japan and Hungary. The office’s General Director, […]
Zsófia Beck, managing partner for the energy industry in Central and Eastern Europe at the Boston Consulting Group (BCG), has been appointed global head of the firm's integrated energy utilities segment. According to the announcement, this is the first time the consultancy has appointed a leader to a global position from its Budapest office. Zsófia […]
Raiffeisen Bank Plc. closed last year with a consolidated profit after tax of HUF 115.9 billion, 12.3% higher than in 2023, the financial institution reported on the website of the Budapest Stock Exchange (BSE) on Monday. According to the statement, the biggest contributors to the increase in profit were a significant rise in commission income […]
