The total Industrial & Logistics (I&L) property sector stock for the CEE-12 region has grown to exceed 65 million sqm, with 25 million sqm situated in and around the 12 capital city markets, the international property consultant company Colliers says in its latest report. Poland, as the largest country of the group covered in this […]
The 5th International Family Firm Conference organized recently by the prestigious Corvinus University of Budapest, brought together experts and successful business leaders from Hungary and abroad to shed light on the immense potential of family businesses in Hungary and the challenges they are facing. The conference, where the main focus was HR activities, delved into […]
Trans-Sped logistics company's new 5,100-square-meter warehouse complex is part of an agreement with the state that will see Trans-Sped set up six new logistics centers between 2017 and 2023, three in Debrecen, one each in Nagytarcsa, Környe and Tata. The total investment value is close to HUF 8 billion, creating 270 new jobs. The government […]
Provident Financial Ltd. has been a leading player in the personal loan market in Hungary for more than two decades. The CEO of the company, Botond Szirmák, who has been at the helm of the company for 15 years now, tells Diplomacy&Trade about how important satisfied employees and customers for Provident are, their role in […]
The British Chamber of Commerce in Hungary (BCCH) has a history of over three decades. Its Chairman, Duncan Graham, who was re-elected at the BCCH General Assembly this May for another two years as head of the organization, tells Diplomacy&Trade about how they managed to handle issues like Brexit, the pandemic or the Russian invasion […]
GSK (formerly GlaxoSmithKline) Plc. is a British multinational biopharma company, one of the top pharma firms in the world. Its plant in Gödöllő, just east of Budapest, has been developed into a strategic actor in GSK’s global vaccine production. The histories of the founders of GSK date back well over a century (in fact, Glaxo's […]
The Budapest subsidiary of the Stadler Group, which is responsible for the management of the Hungarian railway network, has been transformed into a joint-stock company as of July 1, 2023, the change was justified by the expansion of its scope of duties, which is justified by the control of projects and the strengthening of the […]
Within the framework of the international E.ON Group's ultra-fast charger installation program, the company has planned to install more than 1,000 ultra-fast charging points with a capacity of 150 kilowatts (kW) in nine European countries. Two of these charging stations were inaugurated in the parking lot of an Aldi supermarket in Székesfehérvár as the first […]
Intersnack Hungary Ltd., the manufacturer of Chio snack products, has invested HUF 1.5 billion in a new automatic packaging system at its factory in Győr, NW Hungary. Intersnack Hungary said that the new machines are part of the company's consistent development over the past 10 years. The company has invested nearly HUF 4.5 billion in […]
Key new facilities at BorsodChem Plc.’s site in Berente have been officially inaugurated as part of developments that started in 2019. The latest projects that added major production capacities and an on-site power plant to the chemical company’s operation were implemented for EUR 400 million. A member of the Chinese Wanhua Group, BorsodChem manufactures plastic […]
The inauguration of a fully automated high bay warehouse with increased co-pack capacity marked the completion of Unilever’s two-phase investment in a total amount of EUR 60 million in Nyírbátor, NE Hungary. Thanks to the capacity extension, potential output can soar by some 70%. For over 30 years, Hungary has been a very important manufacturing […]
The Hungarian construction material manufacturing company MASTERPLAST Plc. has informed investors that this Wednesday, it signed a joint document with the Polish firm Selena FM S.A. to implement an investment in the production of glass wool in the framework of a strategic cooperation. According to the statement, Selena FM S.A., a globally experienced Polish manufacturer […]
The general meeting of Zwack Unicum Plc. decided to pay a dividend of HUF 1,700 (about 9.5%) per share, totaling HUF 3.460 billion, the company announced on the website of the Budapest Stock Exchange (BSE) on Wednesday. At Wednesday's meeting, shareholders approved the company's financial statements for the 2022-2023 financial year. Zwack Unicum Plc's gross […]
Chinese electric car maker BYD is to invest HUF 10 billion to set up a battery assembly plant in Hungary, according to a statement by the Hungarian Ministry of Foreign Affairs and Trade. The company will further increase its presence in this country by building a plant in Fót, just NE of Budapest, to assemble […]
The Bosch Rexroth Innovation Experience Center (Bosch CU.BE - Customer Benefits) was opened this Wednesday in Budapest, MTI reports. Thomas Ilkow, Head of Bosch Rexroth's Eastern Europe and Middle East Sales Region, stressed the importance of innovation at the opening ceremony and pointed out that the Innovation Experience Center in Budapest helps to foster creativity, […]
