Equality and diversity are a top priority for the European Commission. To fight discrimination and push for more equal societies, the Commission has adopted a proactive approach, with targeted action plans and measures. Diversity Charters encourage organizations (NGOs, public bodies and private companies) to develop and implement diversity and inclusion policies and practices. In order […]
In their 2021 financial year, Intersnack Hungary Ltd. produced 10,600 tons of products for foreign markets, the company informed the state news agency MTI on Saturday. According to the statement, the market share of the flour-based products made in Győr in the Central and Eastern European region is 11%, which gives Intersnack a leading position […]
The Weerts Group is a Belgian family-owned business headquartered in Liège with operations also in four other European countries, including Hungary where the Group first appeared in the year 2000. The Weerts Group was established before 1945 as an agricultural transport company with one truck driven by Hubert Weerts operating in and around Teuven, a […]
Magyar Telekom will be the first company in the Hungarian corporate sector to test the four-day working week as part of a pilot project, the company announced in a statement this Thursday. The large-scale experiment, which will run for four months with the involvement of several departments, is primarily aimed at gathering experience and information. […]
The Soudal Group is the largest independent European manufacturer of sealants, adhesives and polyurethane foams for professional and private users. The Belgian family business was founded by Vic Swerts in 1966, with its Hungarian branch set up 33 years later, in May 1999, in Budapest. As Country Manager János Oltyán explains to Diplomacy&Trade, “at that […]
Last year, domestic and foreign investors invested a total of EUR 225.3 million in venture and private capital in 241 transactions in companies based in Hungary, while the number of companies decreased by 0.4% compared to 2020, while the amount invested increased by 5%, resulting in a slight increase in the average investment amount, approaching […]
VPK Group looks back close to nine decades of history, providing the current management and staff with plenty of experience in this business. The company is present with production facilities all over Europe, offering economic and ecological packaging solutions to its customers. As Bart Dobbelaere, the Managing Director at VPK Packaging Salonta in Romania, also […]
A consortium led by Salgglas Plc. of Salgótarján, NE of Budapest, has developed a smart windscreen, the project with a total cost of nearly HUF 1.5 billion was supported by the Economic Development and Innovation Operational Program (GINOP), the company told the Hungarian state news agency MTI. As they wrote, the pioneering solution allows the […]
Porsche Hungaria Trading Co. Ltd. has a special, distinguished role in the domestic automotive distribution as it has been the market leader since its establishment three decades ago. Since January 2021, its CEO has been Balázs Németh, an experienced crisis manager who has spent almost his entire professional career at the company. After graduating from […]
Having started production in 1973, the history of Borsodi Brewery dates back almost half a century, and it went to private ownership 20 years later when privatized by the Belgian firm Interbrew. In 2012, the latter was taken over by the American-Canadian Molson Coors Brewing Company, the world’s fifth biggest brewer. Borsodi’s General Manager Zsolt […]
The official foundation stone-laying ceremony of BMW Group’s new plant in Debrecen has taken place to mark the latest milestone of the investment. Worth over EUR 1 billion and creating 1,000+ jobs, the project is set to implement the three dimensions of the BMW iFactory vision, namely lean, green and digital. BMW Group establishes a […]
AutoWallis Group, present in 14 countries in the region, closed the first quarter with growth that far exceeded the market average and an exceptional improvement in efficiency. The Group’s net earnings increased more than five-fold to HUF 1.9 billion, its EBITDA more than doubled to HUF 3.1 billion, and its revenue increased by 18%. This […]
The Flanders Investment & Trade (FIT) representation office in Budapest has two main missions: assisting Flemish companies in their export activities to Hungary and attracting Hungarian potential investors to Flanders. As the head of the office, Trade & Investment Counsellor Szonja Bender, explains to Diplomacy&Trade, most of the Flemish companies who contact their office are […]
The inauguration of Nissho Hungary Precíziós [‘Precision’] Ltd.’s new plant in Újhartyán, SE of Budapest, is an important milestone for the Japanese-owned company that manufactures secondary processed products made of film and adhesive tape and optical film primarily for automotive electric components. The EUR 10 million investment, 35% of which is covered by Hungarian taxpayers […]
Belgium’s primarily French-speaking region, Wallonia and the (bilingual) Brussels-Capital Region maintain a joint representation office in Budapest, operating under the umbrella of the Belgian Embassy. The AWEX (Wallonia Export & Investment Agency) office, in charge of foreign trade promotion in Hungary and foreign investment attraction to these regions, is headed by Edit Ránky as Trade […]
