The new site of the waste treatment and recycling company Saubermacher-Hungary Ltd. in Kecskemét was inaugurated this week. It was built with an investment of HUF 1.5 billion, with the support of the Hungarian state, which provided around HUF 256 million (17%) of the investment costs. Péter Horváth, Managing Director of Saubermacher-Magyarország Ltd., emphasized that […]
Premiere ride in the new hydrogen train: Dr. Roland Busch, CEO of Siemens AG, Dr. Richard Lutz, CEO of Deutsche Bahn, and Hartmut Höppner, State Secretary in the Federal Ministry for Digital and Transport (BMDV), were taking their first ride in the Mireo Plus H hydrogen recently, a press release by Siemens reports. The train’s […]
The foundation stone of Bosch’s new building complex of 3,500 sqm has been laid in Zalaegerszeg, SW Hungary. The facility that will be home to 200 engineers tasked to research and test technology related to autonomous driving, e-mobility and artificial intelligence (AI), the Hungarian Investment Promotion Agency reports. The EUR 11.4 million project, close to […]
Erste Bank Hungary contributes to the financial health of its employees with extra financial benefits and an early pay rise. In September, all eligible employees of the financial institution also received EUR 350 from the Austrian parent bank. A press release by the company says that in view of the rising cost of living due […]
A business services center (BSC) to employ 150 people marks the beginning of a new chapter in the 20-year history of leading European pet product retailer Fressnapf’s Hungarian presence. The investment involves a training scheme of some EUR 884,000 to enhance skills of newly recruited staff. German-owned Fressnapf has been a household name with local […]
From this fall, Icon Real Estate Management Ltd. will be responsible for the facility management (FM) and property management (PM) of the MOM Park commercial and business center. The aim of the change of model is to ensure a flexible and efficient service to clients at the usual high level, in line with the center’s […]
AKKO Invest, a Premium category Budapest Stock Exchange company, again closed a very strong half year after its largest subsidiary, NEO Property Services, also saw excellent results in the first six months of the year. AKKO closed the first half with revenue of HUF 11.3 billion and EBITDA of HUF 1 billion, and it expects […]
The stunning view from the newly-opened skybar White Raven Skybar & Lounge, placed on the last floor of Hilton, welcomed the Business Heroes who are actively making a positive impact in our society. A press release by the Atlas World Community says it aims to prize those entrepreneurs, who most distinguished themselves in Hungary for […]
With EU support and an investment of around HUF 1.4 billion, Zoll-Platz Ltd. is to build a new logistics center in the outskirts of Szeged, SE Hungary, the company’s Managing Director Péter Csonka said on Wednesday. At a press conference to present the investment, which will be completed by next summer with a subsidy of […]
Schneider Electric's new manufacturing plant in Dunavecse (central Hungary), which is expected to start production in 2024, will use state-of-the-art technology and digital solutions. The plant will produce medium voltage equipment for electrical distribution systems. The investment will reach HUF 16bn (EUR 40mn), according to a statement by the company. Schneider Electric, the leader in […]
Chinese-owned Halms Hungary Ltd. invests EUR 43 million in Debrecen to manufacture e-car parts with the aim to be able to meet customer demand in Europe faster and from a closer location. The project that is to create 300 new jobs further enriches an already very much vibrant local EV ecosystem, the Hungarian Investment Promotion […]
An investment of EUR 49 million at its site in the village of Bugyi, located near Budapest, is set to boost the growth of electric installation manufacturer OBO Bettermann. The German company that celebrates 110 years of operation will build a new surface treatment plant, expand its logistics capacity, and create 100 new jobs as […]
Erste Bank has received regulatory approval to acquire the Hungarian subsidiary of Commerzbank. Migration preparations are already underway and the transaction is expected to be completed in the second half of 2022 with the integration of Commerzbank's Hungarian subsidiary, which will allow Erste to further expand its corporate business. According to a statement by Erste […]
Duna House Group reported its strongest quarter ever in Q2 2022. The Italian acquisition has delivered the expectations, while giving stability via the euro exposure, it contributed more than 50% of revenue and more than 60% of EBITDA. The Group faces a period of challenges and opportunities in the current market environment. Following tripling the […]
In the first half of 2022, PannErgy's consolidated sales revenues grew by 7% to HUF 3,686 million year on year, representing an increment of HUF 242 million. HUF 3,093 of the total sales revenue of HUF 3,686 million originates from the sale of heat, up 5% year-on-year. According to the executive summary of the H1 […]
