Wellis Hungary Co. Ltd. is to cut part of its massage pool production at its plant in Dabas, southeast of Budapest, and will therefore shed 300 of its 950 employees, the business daily Világgazdaság reports. As part of the reorganization, a new development and service center will be established in Dabas with the expansion of […]

Hungary's OTP Bank Plc. has announced on the website of the Budapest Stock Exchange that the financial completion of the transaction to purchase 100% shareholding of Alpha Bank Albania SH.A., the Albanian subsidiary of the Alpha Bank Group was completed on July 18, 2022, based on the share sale and purchase agreement concluded between OTP […]

The AutoWallis Group has set records in all its business segments in the first half of the year, with 60% of last year's total annual vehicle sales already achieved in the first six months of this year, the company informed the state news agency MTI on Friday. According to the statement, the group, which is […]

The government majority of Hungarian Parliament passed the modification of the KATA (Lump sum tax of small enterprises) tax law, which means that from September, workers paying tax according to this tax regulation, will only be allowed to work for private individuals – except for taxi drivers who are indicated as exemptions in the modified […]

The total stock of SBU (Small Business Units) / LML (Last Mile Logistics) space in the CEE-15 countries accounts for over 3 million sqm, but the development of this market is not evenly spread in the region. The largest amount of space is located in Poland (cca 2 million sqm), according to a new report […]

Alstom has expanded its activities in Hungary: it is producing a bogie frame for its hydrogen-powered passenger train at its factory in Mátranovák, NE Hungary, and plans to hire 100 new employees, the company told the state news agency MTI on Monday. The first bogie was recently completed in Mátranovák, where an investment of more […]

An important supplier of the battery industry, South Korean-owned Nice LMS Hungary Ltd. sets up a new production plant of some 6,000 sqm for EUR 14.4 million in Vác, north of Budapest. The project will result in creating up to 60 jobs, and thus contribute to the already vibrant local battery cell producing ecosystem to […]

The real estate group Duna House says its international strategy has brought diversification benefits to the Group. Some of its markets are affected to varying degrees by interest rate increases and market expectations of such increases, thus dampening their combined impact. Activity is down in all of the Group's markets, with a sharp decline in […]

Leading full-service global clinical research organization PSI CRO will set up its new office on the 5th floor of Park Atrium Office Building from January 2023, a statement by Horizon Development says. The privately owned company that supports clinical trials of various pharmaceutical companies across multiple therapeutic areas and continents signed a long-term lease contract […]

The fully Hungarian-owned Jász-Plasztik Ltd. in Jászberény, E Hungary has carried out a HUF 10 billion capacity expansion development. Over a third of the invested amount is covered by Hungarian taxpayers through the government’s Large Enterprise Investment Support Program. Jász-Plasztik Ltd. employs around 6,000 people at home and abroad, with production in six factories in […]

Customer experience (CX) is one of the most important competitive advantages for companies today, but a significant number of Hungarian companies are still at a disadvantage in this area, the Hungarian Marketing Association told the state news agency MTI. According to a Hungarian survey of companies with more than 250 employees, customer experience is part […]

The CE Glass Group has expanded its plant in Szeged, SE Hungary by 5,400 square meters in two phases and almost doubled its capacity in the production of safety glass, the company informed the state news agency MTI. According to the statement, the glass company with centuries-old family roots, formerly known as Szilánk (‘Splinter’), moved […]

Sixt, a member of the AutoWallis Group, has built its new technical base in Vecsés, near Budapest's Ferenc Liszt International Airport. Of the HUF 705 million investment project, 40% (HUF 282 million) is covered by Hungarian taxpayers through a decision by the government. AutoWallis classified the construction of the new base a green project, devoting […]

Last year, the Swedish Chamber of Commerce organized the first CSR Awareness Week in Hungary with great results. This year – between June 27 and July 3rd – many businesses and non-profits have the possibility to create awareness towards CSR and to start a cooperation within a company or between organisations. The aim of the […]

WABERER’S INTERNATIONAL has announced on the website of the Hungarian Stock Exchange that – with Waberer's Group as the majority shareholder and Hungarian Post (Magyar Posta) as the minority shareholder (collectively the ‘Parties’) –, a joint venture will be established to serve the Parties' existing and future customers with full range of parcel logistics support. […]