HEINEKEN Hungária Breweries Ltd, a local subsidiary of HEINEKEN International, with its more than a century-old tradition in brewing and its excellent brands is a key player in the Hungarian beer market. In the course of its operations, the company focuses on sustainability, diversity, business values and it even helps to revive Hungarian hop growing […]
DBH Group, an investment and service group engaged in international business with a focus on venture capital, flexible infrastructure and corporate business services will celebrate the 30th anniversary of its establishment next year. Its founder & Chief Executive Officer, Dr. Sándor Erdei talks to Diplomacy&Trade about the business model they pursue while keeping in mind […]
Established in 2002, the Budapest-based Netherlands-Hungarian Chamber of Commerce (Dutcham) is a self-financed business association with active co-operation of the Royal Netherlands Embassy in Budapest and the Embassy of Hungary in the Hague. Its aim is to facilitate the exchange of professional expertise and provide networking possibilities for Dutch companies operating in Hungary and also […]
Waberer's International is to acquire a 55% stake in Serbian distributor MD International and an option to buy the remaining 45%, the company announced on the Budapest Stock Exchange (BSE) website on Friday. The purchase price of the transaction was not disclosed. According to the statement, MDI is a major player in the Serbian FMCG […]
Goodwill Pharma Plc. is investing more than HUF 3.5 billion in capacity expansion in Szeged with EU support. The company, which manufactures and distributes dietary supplements and pharmaceuticals, has received HUF 1.766 billion in conditional reimbursable funding from the Hungarian Multi Program (MMP) of the Economic Development and Innovation Operational Program plus (Ginop plus). The […]
Nestlé Hungária Ltd.’s capacity extension investment worth HUF 90 billion was celebrated in Bük this Thursday, marking the latest development of the Swiss company’s Hungarian operation. The project is expected to create 280 new jobs. Nestlé’s presence in Hungary comprises of its Budapest HQ and three plants in Szerencs, Diósgyőr and Bük. The latter site, […]
SAIC Motor and the AutoWallis Group have signed an agreement under which the Hungarian company will become the MG brand's parts distributor in 13 countries of the region, the Hungarian company told MTI on Thursday. With the agreement, AutoWallis will further strengthen its international presence and enter Greece. In the countries concerned (Hungary, Albania, Czech […]
Liv Hospital Group, Turkey's leading private hospital chain, will take over the operation of Duna Medical Center, which plays a prominent role in private care, the Turkish-backed company’s announcement is quoted by the financial website portfolio.hu. The facility will continue to operate under the name Liv Hospital Duna Medical Center (Liv Hospital DMC) as the […]
Swiss-owned Omya HungariaLtd. celebrated the inauguration of its brand new agricultural granulation plant in Eger thanks to a EUR 41.5 million investment (of which HUF 260 million is state subsidy). The most advanced plant in the company’s network is set to supply farmers in Hungary and surrounding countries. Omya's predecessor was founded in Switzerland in […]
Melecs GmbH celebrated its latest development at its site in Győr, NW Hungary by inaugurating a new production hall. The investment worth EUR 12 million includes not only the extension of the production area and capacities but also the making of new products and production-related infrastructure development. As a result, 120 new jobs are expected […]
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, […]
