Magyar Suzuki has reached another milestone: the 500,000th S-CROSS model has rolled off the production line in Esztergom, the company told MTI on Friday. The model, which was completed on September 28, is a hybrid with automatic transmission. It was recalled that ten years ago, the Japanese automotive company presented and started production of the […]
German-owned Meleghy Automotive implements a EUR 22.9 million investment in Miskolc with the aim of establishing production capacities in Hungary. Some 12% of the costs are borne by Hungarian taxpayers through a government decision. The project of the premium automotive supplier is said to create 55 new jobs. Meleghy & Cie Automotive GmbH can pride […]
Concerts by the Italian trio Il Volo or the musical theater performance ‘PIAF! The Show’ are just two of the events coming up in the Hungarian capital later this year and next year organized and promoted by the Budapest based agency Koncertpromo.hu. Its founder and managing director Roland Horváth spoke to Diplomacy&Trade about how his […]
A EUR 138 million investment by Danish toy maker LEGO is set to bring about yet another round of development at the Nyíregyháza site of the company in NE Hungary. Some 8% of the investmens costs are borne by Hungarian taxpayers through a government decision. Given that packaging and storage capacities will be ramped up […]
At the end of the first half of 2023, the Bank reported a profit after tax of HUF 47.1 billion, HUF 37.3 billion higher than in the first half of the previous year. The significant increase in pre-tax profit for the first half of the year was due to higher operating revenues and lower operating […]
Benepack Hungary Ltd. is building a packaging materials factory in the Makó industrial park in south-eastern Hungary. The foundation stone of the EUR 65 million (HUF 25.3 billion) investment was laid on Tuesday. Some of the investment costs are borne by Hungarian taxpayers , the amount of which was not disclosed but was described as […]
After the dynamic growth of previous years, the turnover of energy and soft drinks producer Hell Energy Hungary Ltd. increased only slightly in the first half of this year, while its profit after tax decreased due to a significant loss recorded in the financial result line. According to the consolidated financial statements published on the […]
The Swiss multinational food and drink processing conglomerate corporation Nestlé has been present in the world for more than 150 years – and for more than three decades in Hungary. The secret of continuous development at Nestlé is that innovative, forward-looking food developments have been constant features throughout the company's history. The company was founded […]
The Swiss multinational healthcare company Roche, one of the largest pharmaceutical companies in the world by revenue and the leading provider of cancer treatments globally, has diversified activities in Hungary: the pharmaceutical, diagnostics and diabetes divisions and the Roche Service&Solution Center employ over 2,000 people altogether. General Manager Raffaella Claudia Bondi, who has been at […]
LEDVANCE's first showroom in Central and Eastern Europe, a unique, inspiring and smart studio apartment, which introduces customers, interior designers and buyers alike to the world of state-of-the-art SMART+ light sources and lamps, through environmentally conscious, economical and stylish lighting solutions, has officially opened in Hungary. The showroom and its product range, decorated in a […]
The Novartis Group has been present in Hungary for more than 25 years. Country President Matt Zeller, the head of its local subsidiary, Novartis Hungary Ltd. elaborates to Diplomacy&Trade on the company’s activities on the Hungarian market with special regard to medical research and development (R&D), an area where the Group is a leading global […]
JYSK's turnover in the 2022/23 financial year ended August increased by 6.3 percent to DKK 38.5 billion (EUR 5.2 billion), a new record for the global home furnishings company, with the number of customers in its more than 3,300 stores in 48 countries increasing by 1.2 million, the company told MTI on Tuesday. The statement […]
Givaudan, the leading manufacturer of flavors and fragrances, recently celebrated the 10th anniversary of its Makó manufacturing site, in southeast Hungary. The event included a special ceremony attended by employees, senior company executives and experts. The celebration marked a significant milestone for the company site, recognizing a decade of innovation and development that has helped […]
TRUMPF Hungary Ltd. has opened a new Southeast European headquarters and digitally networked demonstration facility to boost sales of sheet metal working machines for networked manufacturing and lasers for battery technology and the automotive industry. The group plans to reach a turnover of EUR 100 million in the region by the middle of the decade. […]
The company points out on the website of the Budapest Stock Exchange that the ESG report continues to strengthen the commitment towards sustainable operations by the major player in the Hungarian property services segment. In the report, NEO, a subsidiary of AKKO Invest Plc., introduces its environmental protection, social, and corporate governance targets and the […]
