AR-Robotics Ltd., situated in the western industrial park of Debrecen, is developing its technologies, competences and service quality with about HUF 677 million in support from the European Union, the company's press officer said in a statement. Balázs Farcádi said that the purpose of the investment realized from the received support is for the company […]
The confidence index showing the one-year expectations of Hungarian micro, small and medium-sized enterprises remained in the negative range in the last quarter, but the indicator improved by the end of the year, dropping from minus 14 in the previous quarter to minus seven points, K&H group highlighted in its announcement. According to the financial […]
The number of firms continued to grow slightly in 2022, despite the fact that the number of firms that ceased to exist increased by approximately 50% compared to the previous year, the company information service OPTEN told the state news agency MTI on Tuesday. Opten's Company Fluctuation Index (CFI) – which compares the number of […]
Suzuki achieved a 12.43% share of the total number of 13,859 passenger cars registered in Hungary in 2022, with the brand leading the domestic new car sales for the seventh year in a row, thanks mainly to its two domestic models, the Vitara and the S-CROSS, Magyar Suzuki Plc. said on Monday, according to Datahouse […]
Celebrating its 20th anniversary in 2023, Dome Facility Services Group has been providing comprehensive, integrated facility management (FM) services to the Hungarian real estate market while adhering to its proven values. Characterizing the domestic FM market and Dome’s role in it, Gábor Décsi MRICS, Managing Partner at Dome Group, highlights to Diplomacy&Trade that “in the […]
Facility management is one of the most important sectors of the Hungarian economy. The umbrella association of this profession in Hungary works on tackling the challenges of our times and on raising the overall standard in this industry. As the President of the National Association of Facility Management, Building Operation and Maintenance Service Providers (LEO […]
The Hungarian pharmaceutical giant Gedeon Richter Plc. has published an extraordinary announcement on the website of the Budapest Stock Exchange that under a new government decree on the extra profit taxes, the magnitude of supplementary pharmaceutical tax payable by the company for the year 2022 is expected to be approximately HUF 28 billion. “On June […]
Sygnus Kereskedelmi Kft. [Trade Ltd.], a grain trading company, is expanding its loading capacity at its Paks port on the Danube with a HUF 300 million development, the company told the state news agency MTI. The HUF 343 million technological development will be implemented with the HUF 240 million support of the Economic Development and […]
A significant rise in food prices in Hungary could shift demand towards lower quality products. The supply of quality meat products may fall and lower quality products may appear in shops, Hungarian meat industry players say. Average inflation in Hungary was 23.1% year-on-year in November, according to Eurostat's Harmonized Index of Consumer Prices (HICP). Food […]
NEO Property Services, a subsidiary of AKKO Invest Ltd., has announced on the website of the Budapest Stock Exchange that it reached yet another milestone by entering the general contracting market in large residential projects. NEO’s first large general contracting work is the first phase of the 164-apartment Le Jardin housing complex, which may be […]
Celebrating its 75th business anniversary, Canada-based CAE Inc. has announced to add substantial R&D capacities to his Hungarian operation. The company that develops simulation systems in defense, civil aviation and healthcare will create dozens of new jobs under a nearly HUF 3.5 billion project. Founded 75 years ago, one of Canada’s largest aviation firms, CAE […]
The Hungarian pharma company Gedon Richter’s partner AbbVie has announced that the U.S. Food and Drug Administration (FDA) has approved VRAYLAR® (cariprazine) as an adjunctive therapy to antidepressants for the treatment of major depressive disorder (MDD) in adults. Supported by clinical data demonstrating efficacy and well-established tolerability, this additional indication provides a new option for […]
One of Hungary's biggest sandwich makers, Khell-Food is to be acquired by Orkla Foods of Norway. If the Hungarian authorities agree, the deal could be completed in the first quarter of 2023. Orkla Foods Europe will acquire all the shares of Hungarian sandwich maker Khell-Food, ESM Magazine reports. Khell-Food was founded in 1992 and sells […]
The consortium formed by ANY Security Printing Company PLC and the Hungarian Banknote Printing Shareholding Company has signed a contract with the National Tax and Customs Administration of Hungary for the production of excise and tax stamps for another two-year period, according to a communiqué published on the website of the Budapest Stock Exchange. The […]
Continental is a technology company with more than 190,000 employees around the world, develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation. In Hungary, the company operates six factories, four R&D […]
