The 36th Annual General Meeting of the American Chamber of Commerce (AmCham Hungary) has elected Ákos Janza, MSCI's Global Head of AI and HR Transformation and Office Operations, as its President, the organization has told MTI. Ákos Janza will take over from Zoltán Szabó, Head of Sales and Customer Service Experience at Deutsche Telekom TSI […]
Black Friday and the Christmas gift-giving season place a huge burden on the logistics industry. Shoppers expect ever faster and more reliable service as standard, and it's easy to bleed if you make a mistake. Ádám Mészáros, Managing Director of DHL Express Hungary, spoke in the latest edition of the Sounds of Industry podcast about […]
The construction of BMW's new Debrecen plant is proceeding at full speed, and the plans are unchanged, the plant's CEO, Hans-Peter Kemser has told MTI. In a statement, he wrote that no capacity had been reduced and there were no changes to the planned production of models. Pre-series production is underway and series production will […]
GLS Hungary has installed its 2,000th parcel machine in Budapest's MOM Park, thus covering about a quarter of the Hungarian parcel machine market; the continuous expansion of the network remains a key part of the company's strategy, the company told MTI on Thursday. They added that the company currently operates a total of around 3,050 […]
Körber Hungária Gépgyártó Ltd. (Körber) has made improvements worth more than HUF 3.6 billion at its Pécs plant in 2024, the German-owned company, which manufactures production lines and components, told MTI on Thursday. Körber, formerly Hauni, which used to mainly manufacture and supply parts for tobacco machinery, but now mainly serves the pharmaceutical industry and […]
Over the weekend, the Indotek Group completed the acquisition of Auchan Hungary Ltd. In addition to the 47% stake in the retailer, the real estate investor will also take over the operational management of the Auchan chain of stores, the investor told MTI on Wednesday. Auchan Magyarország Kft. and its domestic interests involved in the […]
Moody's Ratings has withdrawn its 'Baa3' long-term investment grade rating on the Hungarian oil and gas company Mol. The international credit rating agency stressed in the reasons for the decision announced in London that it had withdrawn the rating of the Hungarian oil and gas group on the basis of its own business considerations. Moody's […]
The Hungarian oil and gas company MOL Plc. has notified the capital markets on the website of the Budapest Stock Exchange that it entered into a sale and purchase agreement with ENEOS Materials Corporation of Japan pursuant to which ENEOS acquires MOL’s 49% stake in ENEOS MOL Synthetic Rubber Ltd. Following the transaction, ENEOS will […]
Since spring 2019, Market Építő Plc. and its subsidiaries have completed more than EUR 367 million worth of site preparation and complete infrastructure works on 400 hectares on behalf of the City of Debrecen and the BMW Group. The construction company has informed that it had also completed the full construction of four buildings within […]
CEE investment volumes hit EUR 5.0 billion in the first three quarters of 2024, up 24% year-on-year. This aligns with European and global market rebounds after a slow 2023. Year-end volumes may reach EUR 7.0 - 7.5 billion, about 30% below the 10-year average, Colliers reveals in its latest “Q1-Q3 CEE Investment Scene” report. Silviu […]
ANY Security Printing Company Plc. has released its 2024 January-September results, according to which its net sales first three quarters of this year amounted to HUF 52.8 billion which is higher by HUF 8.7 billion (20%) than in the previous year. A summary of the report says that changes in case of strategic product segments […]
The Hungarian subsidiary of the British DS Smith, a leading supplier of sustainable packaging solutions, is launching development projects at three of its Hungarian facilities simultaneously, the Hungarian Investment Promotion Agency reports. With a total investment of EUR 34.4 million, the production capacity of DS Smith Packaging Hungary Ltd. will increase by over 40 per […]
According to a survey by EY Hungary, the biggest challenges for companies are exchange rate risk and meeting expected wage increases, the international consultancy said, based on the results of a survey of 300 Hungarian tax and finance executives. Respondents also cited inflation, energy price volatility and ensuring adequate cash flow as other challenges to […]
Nestlé's factory in Szerencs, NE Hungary will be expanded with a new solar park with an annual capacity of 1.5 gigawatts with an investment of more than HUF 700 million with 45% support by the National Investment Promotion Agency (HIPA), the company told MTI on Friday. The system will come on stream in March next […]
South Korea’s food industry giant, CJ Foods, has chosen Hungary as the site for its first Central and Eastern European production facility. The company, renowned for its global production and distribution of staple foods, appetizers, and ready-made meals, has chosen Dunavarsány for this EUR 80 million greenfield project. The plant and logistics center set to […]
