Busch-Hungária Ltd. used its full production capacity in June, producing 5,037 tons of castings during the month, the Győr-based company, which is part of the German BPW Group, told the Hungarian state news agency MTI. According to the information, this was the first time that production exceeded 5,000 tons in a month. The company expects […]
Szeged-based Medikémia Plc., a manufacturer of car care products, household products and paint aerosols, is expanding its capacity with an investment of more than HUF 350 million with EU support, the company informed the state news agency MTI. According to the statement, HUF 247 million forints of the costs of the development, which will be […]
Leading market player Contemporary Amperex Technology Co. Ltd. (CATL) will invest EUR 7.34 billion to build a 100 GWh battery plant in Debrecen, E Hungary, the Hungarian Investment Promotion Agency (HIPA) reports. The investment that is to create over 9,000 new jobs will become Hungary’s largest FDI project ever and is set to strengthen the […]
Economic uncertainty is beginning to impact investment activity in Europe’s commercial real estate (CRE) market, as shown by the data recorded for Q2 2022 in the latest Capital Markets Snapshot for Europe, the Middle East and Africa (EMEA) by Colliers. Providing balance, the Q2 assessment also suggests that the forecast of any impacts will vary […]
Having been founded in 1947, Ferrari celebrates its 75th anniversary this year. As the General Manager of Ferrari Budapest, Emanuele Lippi explains to Diplomacy&Trade, Ferrari's history is the history of motor racing. With tradition and innovation combined, the owners of road cars can also enjoy the company’s professionalism. Regarding the historical development over these seven […]
The exclusive distributor of Technogym equipment in Hungary, Risto Junttila confirms to Diplomacy&Trade that his idea is to convey Technogym’s mission message to the Hungarian people and help them to acquire the importance of wellbeing, to spread the word of a healthier life with proper nutrition, regular exercise and a positive mental approach. “Basically, we […]
In the first six months, MOL Group delivered USD 2.179 bn EBITDA while in Q2 the EBITDA reached USD 1.347 bn, an overall strong result considering the volatile, unpredictable and uncertain external environment, according to financial results for Q2 and H1 2022 announced by the Group on the website of the Budapest Stock Exchange. Upstream […]
Reynaers Aluminium is a European developer of aluminum products for the building sector. The company, present in over 40 countries, also provides support for architects, fabricators, project developers, investors and end users. As Country Manager Zoltán Nagy explains to Diplomacy&Trade, the company was founded in Belgium in 1965 and has grown from there. “In Hungary, […]
In the second quarter of this year, the Hungarian pharmaceutical company Gedeon Richter's sales and profit exceeded analysts' expectations: sales increased by 23.7% to HUF 192.9 billion and profit after tax more than doubled to HUF 77.1 billion in April-June compared to the same period last year, the company said on the website of the […]
Pirelli, the multinational tire manufacturer focused on consumer production of tires for cars, motorcycles and bicycles, celebrates an important anniversary this year: the company was founded by Giovanni Battista Pirelli in 1872 – that is, 150 years ago – in Milan, Italy where it still has its headquarters. After its foundation in Milan, the expansion […]
China-based NIO automotive manufacturer has chosen Biatorbágy, just southwest of Budapest, as location for its first European manufacturing plant. The implementation of the investment worth a total amount of over EUR 15 million and creating several hundred new jobs will allow the manufacturing of so-called 'NIO Power Swap Station' automatic battery pack swap stations in […]
ITL Group Ltd. was established in 1995, its founder, Alessandro Farina moved to Hungary three years before. Now, he tells Diplomacy&Trade about how his career began here and how he built up a group of companies following the tradition of entrepreneurship that goes back to generations in his family in Italy. He is convinced that […]
This Thursday, Airbus officially inaugurated its new factory in the southeastern Hungarian town of Gyula, which has been certified by the European Aviation Safety Agency (EASA). Airbus is one of Europe's leading defense companies, and the Hungarian state is a 30% shareholder in Airbus Helicopters Hungary Ltd., which was founded two years ago, the Hungarian […]
Unindustria Ungheria defines itself as a "meeting space for those who recognize Hungary as a place for investment, development and growth of their businesses." As the president of the organization Dr. Roberto Massucco explains to Diplomacy&Trade, their goal is to support the Italian business community, giving value to the associates by organizing meetings, facilitating the […]
Having been operating in Nyírbátor, NE Hungary, for ten years, Diehl Aviation Hungary Ltd. has celebrated the anniversary with yet another development as a production hall worth EUR 6.8 million has been inaugurated that will allow to produce products and parts related to aviation manufacturing. Over 30% of the investment cot is borne by Hungarian […]
