The new 16,600-square-meter state-of-the-art production hall of the internationally owned ZF Chassis Modules Hungary was inaugurated in the Kecskemét Premium Industrial Park (KEPI) this Thursday. The state-of-the-art manufacturing building, developed by leading industrial real estate specialist Panattoni Hungary, was built under a build-to-suit (BTS) agreement with ZF Chassis Modules Hungary as a joint investment between […]
SAP Hungary has recently renewed its office lease agreement for over 18,000 square meters at Graphisoft Park, further demonstrating its commitment to its Hungarian operation, which has been hosted by the business park for 18 years. SAP was represented in the transaction by Colliers. Graphisoft Park, covering more than 80,000 square meters, is one of […]
Bio-Thera Solutions, a commercial-stage biopharmaceutical company developing a pipeline of innovative therapies and biosimilars, and Gedeon Richter have reached an exclusive commercialization and license agreement for BAT2206, a biosimilar candidate to Stelara, it was announced on the website of the Budapest Stock Exchange. Under the agreement, Bio-Thera will maintain responsibility for development, manufacturing, and supply […]
Hungary’s 77 Elektronika Group has made the first Hungarian machinery industry investment in China. The company, which develops and manufactures medical electronics products and is in whole Hungarian ownership, has set up a plant near Shanghai with an investment of almost USD 2 million, it told MTI on Tuesday. According to the statement, the plant […]
Hungarian chief financial officers (CFOs) are becoming more comfortable with new technology, but face more complex regulatory compliance and ongoing cost-cutting pressures. They expect the rise of automation and digitization to fundamentally reshape their role, according to PwC's 6th edition of its Financial Leadership Survey. One of the key findings of the survey is that […]
Indotek Group has announced the appointment of Philip Wood as Head of International Transactions & Asset Management as of October 1, 2024. In this role, he will oversee the asset management group’s international expansion strategy, focusing on key markets in Central, Southern and Western Europe. He will lead the company’s efforts to explore new market […]
GKID has entered into an agreement with PwC under which PricewaterhouseCoopers Magyarország Ltd. acquires a 100% stake in GKID Research & Consulting Ltd. This acquisition will expand PwC’s consulting business with e-commerce, package logistics, media market as well as data service and market research expertise, PwC Hungary says in a statement. Under the terms of […]
Starting October 1, 2024, László Radványi will succeed Tamás Lőcsei as the new Country Managing Partner of PwC Hungary. Tamás Lőcsei will transition to overseeing key projects in Central and Eastern Europe (CEE) and driving local business development in Hungary, according to a press statement by PwC Hungary. László Radványi, who has been with PwC […]
The vast majority of companies believe they can meet their climate change commitments, but for most it could take decades, according to a survey by Ernst & Young (EY), which has published its findings in a statement. According to the survey by the international consultancy firm, almost 70% of companies in Hungary are confident that […]
BestDrive, the international tire service network of the Continental Group, is expanding in Hungary, having opened its first franchise in Budapest this week. BestDrive announced in a statement to MTI that it will start operations this year with five franchised brand service centers in Budapest and three in rural areas – Szeged, Debrecen and Székesfehérvár […]
Hungarian-owned Master Good Group has acquired a strategic stake in NOBU, a chain of more than 50 restaurants and nearly 20 hotels worldwide. The group comprised of Master Good Ltd., Baromfi Coop Ltd. and Sága Foods Plc., is one of the largest food industry players in the region it and has been a dominant player […]
Hungary will present itself as a bridge between East and West, as the main meeting point for Western and Eastern investments and developments at EXPO REAL, one of the world's most prestigious real estate development trade fairs, between October 7-9 in Munich, the National Investment Promotion Agency (HIPA) and the Real Estate Developers Round Table […]
Launched three years ago, the English language Hugo app helps collect Hungarian-related sites in the United States, building a network of ‘Hungarian traces’ from the American Revolutionary War to the present day – historical, cultural or even gastronomic. As Anna Smith Lacey, the Executive Director of the Washington DC-based Hungary Foundation, the app’s developer, explains […]
Hungaro Energy Natural Gas, Energy Trading and Service Provider Ltd. of Pécs, S Hungary, which is engaged in the sale of natural gas and electricity, related maintenance activities and energy consulting, is starting the production of foam glass for use as thermal insulation in the construction industry. According to a statement sent to MTI by […]
The after-tax profit of energy and soft drinks producer Hell Energy Group increased by 137.8% to HUF 13.72 billion in the first half of 2024 compared to the same period a year earlier, Hell Energy Hungary Ltd. announced on the website of the Budapest Stock Exchange (BSE) on Wednesday. The sales volume increased by 14.1% […]
