Nilfisk is a global leader in the field of professional cleaning equipment and full cleaning systems. The company was founded 115 years ago on a vision of producing and selling products of the highest quality worldwide. In Hungary, Nilfisk has been present for two decades. Norbert Kalocsai, Managing Director of Nilfisk Production Ltd. explains to […]
VELUX, a Danish manufacturing company that specializes in roof windows, skylights, sun-tunnels and related accessories, has had its products available in Hungary since 1986 and it was also 35 years ago that the local VELUX firm (now VELUX Magyarország Kft.) was registered here. Explaining to Diplomacy&Trade, how the management – and the global company, which […]
This year, Soft Flow – present in Hungary for almost three decades – celebrates five years of Danish ownership by FOSS, a global provider of high-tech analytical solutions used mainly in the agricultural and food industries. The company, headquartered in Pécs, southern Hungary, boasts the world's first fully automated multimycotoxin measuring instrument based on its […]
The Hungarian Marketing Association (MMSZ) and the Association of Hungarian Communication Agencies (MAKSZ) have developed a code of cooperation to enhance the reputation of the profession and ensure its sustainability. The initiative, called the Fairplay Book, is backed by the 70 client-side members of the MMSZ, 46 member agencies of the MAKSZ and six professional […]
The Mercedes factory in Kecskemét, SE of Budapest, has been shut down, there will be no production until January 12. That is according to a statement to the press by Mercedes-Benz Manufacturing Hungary Ltd. The factory said that they have modified their production plan to adapt to the constantly changing parts supply situation. The start […]
This Friday, Duna House Group has signed an agreement for the acquisition of 70% of the Italian HGroup with future put/call options that can increase its ownership to 100%. With full country-wide coverage, the Bergamo-based HGroup through Credipass, its subsidiary, is currently the second biggest loan broker in Italy by network size with close to […]
Last week marked two major milestones for Horizon Development’s Szervita Square Building. The premium project was acknowledged as the Best Mixed-Use Development in Hungary at the International Property Awards, and its LEED Platinum certification process also concluded successfully. According to a press release by Horizon Development, competing in a great pool of excellent mixed-use projects […]
South Korean electromobility firm EcoPro BM opens its first European factory unit in Debrecen, which is also the first location of the company outside Korea. The volume of the project is EUR 728 million. Thanks to the investment in manufacturing cathode material for lithium-ion batteries essential for electric vehicle batteries, about 631 new jobs will […]
The American global industrial software and engineering company Emerson has carried out a capacity-building investment in Eger, NE Hungary in order to meet automation needs for global customers. As a result of the project worth USD 14.7 million, a building of 10,500 square meters was constructed, which means new offices and additional production server units […]
Tata Consultancy Services, Asia's senior software development and service company, which has been present in Hungary for 20 years, will create 300 new jobs with typically high added value in Financial Analysis, Market Research and IT areas over the next two years in Budapest. Tata Consultancy Services (TCS) is the largest IT ventures of India, […]
OTP Bank Plc. has announced that OTP Bank signed an acquisition agreement with Alpha International Holdings Single Member S.A. on purchasing 100% shareholding ofAlpha Bank SH.A., the Albanian subsidiary of the Greek Alpha Bank S.A. The purchase price has been agreed at Euro 55 million. With a total asset-based market share of almost 5% in […]
The Budapest Stock Exchange (BSE) share index (BUX) fell in declining turnover this week, with the index 50 closing at 904.91 points on Friday, 56.34 points, 0.11% lower than a week ago, the Hungarian state news agency MTI reports. Turnover on the stock market was HUF 72.9 billion, down from HUF 94.6 billion last week, […]
One of the largest companies in the healthcare industry, Roche Hungary Ltd., known for its innovative solutions, has signed a strategic cooperation agreement with the Hungarian government. The aim of the agreement is to use Roche's value-based healthcare model to multiply the innovative and personalized therapies delivered to patients in a way that significantly reduces […]
AutoWallis has reported strong results for the past nine months: the EBITDA of the corporation exceeded HUF 5.7 billion, meaning that the listed automotive company is likely to surpass its yearly plan of HUF 5.5-6.2 billion. The Group generated a revenue of HUF 145.4 billion in the first nine months of the year, with its […]
Magyar Telekom, the leading Hungarian telecommunications service provider has announced that the Board of Directors of the Company decided to request the cancellation of admission to trading of its American Depositary Shares (ADSs) on the London Stock Exchange’s International Order Book (IOBU market segment) with effect from December 30, 2021. The company has notified the […]
