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 […]
The vegetable processing firm Eisberg Hungary, located in Gyál, just southeast of Budapest, is renowned for great working culture, inclusion and innovation. The company, part of the Swiss Bell Food Group, has been maintaining its market leader position for over three decades. The challenges brought on by the new coronavirus epidemic and the Russian invasion […]
The Swiss-Hungarian Chamber of Commerce (Swisscham Hungary) has more than a quarter of a century of history. It is described as a cohesive, reliable, quality community. The organization’s President, Dr. István Béres, and its Director, Júlia Lipovecz, tell Diplomacy&Trade how these characteristics are reflected in the chamber's daily activities and the events held. “Whenever we […]
German ceramics manufacturer Villeroy&Boch has carried out a series of investments worth EUR 14 million (more than HUF 5 billion) in Hódmezővásárhely, SE Hungary over three years. The company is expecting a shortfall in revenues this year due to the downturn in the construction industry, the director of the company's bathroom and wellness division, Georg […]
Otthon Centrum Group's Polish subsidiary Freedom Holding has acquired an 88.2% majority stake in Investor Nieruchomości, one of the leading real estate brokerage networks in Poland, Otthon Centrum (OC) informed MTI on Wednesday. According to the statement, the agreement is aimed at acquiring a leading position in the Polish real estate market, strengthening the market […]
Switzerland-based Stadler Group announced to expand its rail car body manufacturing capacity with an investment of EUR 45.2 million in Szolnok, E Hungary. Close to 30% of the investment costs are covered by Hungarian taxpayers through a government decision. The Stadler Group is a major player in the rail segment, producing high-speed, intercity, regional and […]
Audi Hungaria Ahead Ltd. is launching a broad-based knowledge enhancement training project that will enable around 500 employees to expand their competences in various fields over the next two years. The program will cost EUR 4 million, half of which is covered by Hungarian taxpayers through a government decision. Audi Hungaria has been steadily building […]
As a result of a EUR 15 million greenfield investment, PEX Automotive Systems Ltd.. and Baolong Holdings Europe Kft. set up a new production site in Szigetszentmiklós that has now been officially inaugurated. About 30% of the investment cost is borne by Hungarian taxpayers through a government decision. Apart from manufacturing the traditional products of […]
K&H Bank's profit in the first half of this year was HUF 35.8 billion, up from HUF 9.7 billion a year earlier, driven by lending and an expanding customer base, the bank said at a press conference in Budapest on Monday. Guy Libot, CEO of K&H Group, said that despite the negative impact of the […]
