Sales of the AutoWallis Group set new records in all divisions and areas in 2022, continuing down the path of dynamic growth with the aim of becoming a major vehicle trading company and mobility service provider in the Central and Eastern European region by the end of the decade, the Group said on the website […]
Hungarian construction firms may face a challenge in finding customers in the coming period, as investors have become much more cautious due to rising prices of raw materials, raw materials and energy on the one hand, and capacity constraints on the other. Market Építő Plc. [Construction Plc.] expects construction output to slow in 2023 compared […]
Following the HUF 50 billion investment announced two years ago and the HUF 35 billion investment launched last year, Nestlé Hungária is again embarking on a large-scale development of its pet food production base in Bük, NW Hungary, according to a company press release. The new investment of nearly HUF 140 billion announced this Friday […]
Toyota had its best year ever in the combined passenger car and light commercial vehicle market in Hungary in 2022, with its dealerships selling 15,102 vehicles, giving the brand an 11.7% share of an otherwise shrinking market, the country director of Toyota Central Europe Ltd., Richárd László said at a press conference in Budapest. Toyota […]
A company providing complex renewable energy services was founded by Biggeorge Holding and Energy Independence Kft. under the name 8G Energy Holding Plc., then the joint company bought Solarkraft Home Plc., owned by Energy Independence, which in the future will continue under the name 8G Energy Solutions Plc. operation. The two founders of Energy Independence, […]
4iG and the Hungarian state concluded the final purchase agreement for the purchase of Vodafone Hungary, 4iG announced on the website of the Budapest Stock Exchange this morning. The value of the transaction is HUF 660 billion and the deal can be closed at the end of January. According to the announcement by the info-communications […]
B+N Referencia Zrt. has a history of almost three decades and has grown into Hungary's leading facilities management company. For years, it has been consistently featured in the ranking of the 500 Hungarian companies with the highest turnover. The Chief Executive Officer of the company, Ferenc Kis-Szölgyémi tells Diplomacy&Trade about the company’s development, their tailored […]
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 […]
