In the second quarter of 2022, two new office buildings were delivered to the Budapest office market with the total of 30,750 sqm, the new owner-occupied OTP HQ building with a size of 28,000 sqm and Paulay 52 with the size of 2,750 sqm, the Budapest Research Forum Q2 2022 office market summary reports. The […]
An investment of over EUR one billion is set to propel Mercedes-Benz forward in the global electrification race as the German car manufacturer intends to install new assembly and body shop production lines at its Kecskemét plant, the Hungarian Investment Promotion Agency reports. The development that is meant to maintain 4,500 jobs and create a […]
The Electrical Insulation and Plastic Factory (VSZM) Ltd., a company specializing in the supply of plastic parts for the mechanical, electrical, construction and automotive industries, has upgraded its production capacity and image, the HUF 695 million investment was recently completed, the Siófok-based company informed the state news agency MTI in a statement. It said that […]
The investment – over one third of which is paid for by Hungarian taxpayers with a non-repayable amount of HUF 5.5 billion through a government decision – took 15 months to complete and will create 50 new jobs while maintaining the existing 600 jobs. The factory in Dunaföldvár, south of Budapest, was built in 2018 […]
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 […]
