Szeplast Plc., a manufacturer of PVC granulates and powder mixtures, is expanding its production capacity and product range with an investment of more than HUF 1.3 billion with EU support, the company informed MTI. According to the press release, HUF 632 million of the HUF 1.386 billion project, which will be completed by the fall […]
The ‘Lidl for Hungarian Suppliers’ program has been successful, the supermarket chain informed Portfolio. The essence of the program is to distribute food products of Hungarian manufacturers and suppliers in foreign supermarkets. As published on portfolio.hu, Hungarian dairy producers sold milk and dairy products worth nearly HUF 16 billion in the chain's foreign stores in […]
Market Építő Plc.'s turnover last year exceeded HUF 308 billion, while the overall profit per parent company of the building construction company was HUF 25.731 billion, the company announced on the Budapest Stock Exchange (BSE) website on Friday. According to the report, net sales increased by HUF 11.763 billion to HUF 308.880 billion. The overall […]
The pharmaceutical firm Teva Gyógyszergyár Plc. has built a new, specialized production facility in Debrecen worth more than USD 2 million (HUF 673.6 million). The significance of the investment is increased by the fact that the development of the product manufactured in the facility was also carried out by researchers in Debrecen, the company told […]
The Hungarian e-commerce market is expanding with a new player: the OTP Group has announced the launch of its webstore fizz.hu. Forbes.hu reports that the bank's employees will start testing the webstore in a closed round next Tuesday. According to the newspaper's market sources, a sharp launch is expected by the end of the summer. […]
One of Europe's leading transport and logistics companies, Gebrüder Weiss (GW), will be the first tenant of the Pt2 warehouse in HelloParks Páty Megapark. The company will lease 22,000 sqm of the 42,000-sqm industrial property, currently under development as the second building of the industrial park, less than 10 kms west of Budapest, and will […]
The 17,000-square-meter production hall to be built in District 15 of the capital by Market Építő Plc. has reached its structural completion stage. The new hall will expand Siemens Energy's site and will be used to manufacture components for gas power plants. Construction is scheduled for completion in the last quarter of 2023, the construction […]
India's Liberty Steel has been selected as the winning bidder in the tender for the Dunaferr iron and steel plant in liquidation in Dunaújváros, central Hungary. The news was announced by the Ministry of Economic Development. The ministry's statement recalled the steps leading up to the tender and underlined that as the next step in […]
All Bosch Group products and solutions are planned to either incorporate artificial intelligence (AI)-based technology or will be developed and manufactured with the help of AI this year, the company told MTI on Monday. The company had originally set this as a target for 2025, but is on track to implement plans two years earlier, […]
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 […]
