Swiss Krono, a leading supplier of wood-based materials has announced to build a plywood plant in Vásárosnamény, NE Hungary, for EUR 23.7 million with the aim to produce a new item of the Group’s product portfolio. The project is expected to create 90 jobs, according to the Hungarian Investment Promotion Agency. The Swiss Krono Group, […]
Domestic and regional facility management (FM) market leader B+N Referencia Ltd. is continuing to strengthen its international presence outside Central and Eastern Europe, with 40% of the group's revenues coming from foreign operations already this year. With the acquisition of Italy-based Sagad, the Hungarian-owned company has gained new industry knowledge, significant Western European experience and […]
German-owned Thyssenkrupp’s story in Hungary has reached another key milestone: the topping out ceremony of its capacity expansion marks the latest stage of the company’s journey on Hungarian soil. The EUR 58 million investment that enables Thyssenkrupp to produce rotating shafts for electronic vehicles (EV) will create 110 new jobs, the Hungarian Investment Promotion Agency […]
This year 16 Hungarian companies received the Best Managed rating in the Deloitte Private global business mentoring program, the international consulting firm told MTI on Monday. The Best Managed Companies program is Deloitte Private's global business mentoring program, which was created to support and recognize local, privately held companies. In Hungary, the Deloitte Private Business […]
By acquiring the shares of its partners, the facility management company B+N Referencia Plc. has increased its stake in in Airport Service Budapest Plc. to 100%. The company increased its stake from 33.4% by purchasing the share of Civil Security Service Plc. and that of Valton-Sec Plc. – 33.4% and 33.2% respectively in the transaction, […]
The food industry company Pick Szeged Plc. closed the first six months of 2023 with a profit after tax of HUF 4.932 billion, compared to HUF 4.846 billion in the same period of the previous year, the company said in its half-year report published on the website of the Budapest Stock Exchange (BSE). In the […]
Nestlé Hungária Ltd. closed the first half of this year with a loss of HUF 1.86 billion on rising turnover, following a profit after tax of HUF 1.48 billion in the same period last year, the company announced on the website of the Budapest Stock Exchange (BSE) on Friday. According to the report, the loss […]
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 […]
