Duna House Group continued its march in the third quarter of 2021: its quarterly revenue jumped to HUF 3.8 billion (+72% y/y) and its clean core EBITDA jumped to HUF 667 m (+47% y/y). The Group’s clean core proft after tax (PAT) rose by 54% to HUF 494 mn. With an outstanding performance in the […]
Horizon Development’s most recently completed crown jewel, Szervita Square Building transformed downtown Budapest’s urban fabric architecturally and contributed to the revitalization of retail in the area. It completed the Deák Square – Fashion Street – Váci Street triangle, and established Szervita Square as a new retail destination for both tourists and locals, according to a […]
Almost 50 investments are carried out right now in Veszprém county, all of which were decided by the companies involved during the pandemic. Their total value reaches HUF 50 billion, and they contribute to the protection of a total of 12,000 jobs. Thus, there is a constant need for labour force in many areas in […]
EY Global Delivery Services (EY GDS) is establishing a new global service center in Budapest, where services related to tax consultancy will be in focus. The Budapest center of EY GDS will primarily support EY companies operating in EMEIA countries. By the end of 2024, the company, which has been present in Hungary since 1993, […]
Industrial gas supplier Linde opens its new research and development center 'Linde Advanced Operations Services' (LAOS) in Budapest, the Hungarian Investment Promotion Agency reports. The digital center aims to provide services and solutions using Industrial IoT, cloud services and artificial intelligence, which make processing plants sustainable and profitable. The volume of the R&D project to […]
Swiss Metoxit AG and Saphirwerk AG manufacturing special ceramic products launches an investment of more than CHF 7 million (EUR 6.6 million) in Székesfehérvár, southwest of Budapest. In the first phase of the project, 40 new jobs will be created, which can increase to 80 people two years later. Ceramic components will be produced in […]
Ceva Phylaxia, one of the world's leading animal vaccine producing companies, will set up a new vaccine factory along with the associated infrastructure by developing a new site under a greenfield investment in Hungary. With the technology-intensive investment of more than EUR 26 million in Monor, the 44-hectare site will store frozen and semi-finished vaccines […]
Groundbreaking ceremony has been held at the future Chervon Auto factory in Miskolc, NE Hungary. With Bilfinger Tebodin on board, the Chinese automotive components producer received the building permit and starts the construction of their new factory. The EUR 50 million euro investment is a greenfield facility of 27,000 square meters. Once operational, it will […]
“Sustainability is not just a legitimate expectation of our customers and increasingly also a legal requirement, but a clear goal for our operations as well.” That is how the Country Chair of Shell Hungary, Andrea Istenes Solti explains her company’s commitment to a more sustainable future of Planet Earth. “Shell is one of the largest […]
Experts expect robotics, automation and chemical-free, environmentally friendly cleaning technologies to take off in this area of business. The National Association of Facilities Management and Building Services Providers (LEO) is positive about the year ahead, despite the challenges, and expects the market to continue to grow. The rise of the home office has brought fundamental […]
Following a strategic investment SEG Automotive's new factory was opened in Szirmabesenyő. The 25,000-square-metre production hall together with the adjacent logistics hall totals 50,000 square meters. In addition to the relocated production lines, two new ones have also been purchased for almost EUR 6.2 million. Close to 30% of the investment cost is covered by […]
The Synergy Group, a leading general contracting company with a wide geographical presence, providing sustainable design and build services, celebrates its 20th anniversary this year. The company is constantly profiting from its Anatolian roots, reaching out to Turkey for human resources, materials or culture. Synergy Construction Hungary Ltd. first made the headlines when it was […]
It was 15 years last month (on October 26, 2006) that Çelebi Ground Handling Hungary Ltd. was founded. Today, Çelebi is the market leader in the ground handling market at Budapest’s Ferenc Liszt International Airport. Diplomacy&Trade talked to the company's Managing Director, Taner Sari. What is the scope of services you offer to airlines, passengers […]
Investment in European property continued to gain momentum in Q3 with the return of big-ticket deals in major markets across the region, according to the latest market snapshot for Europe, the Middle East and Africa (EMEA) released by Colliers International, a global leader in commercial real estate services and investment management. Leading cities including London, […]
With almost two decades of experience in a wide range of areas across the Group, from diagnostics to pharmaceuticals and diabetes care, Raffaella Claudia Bondi, the newly appointed Managing Director of Roche Hungary, who has previously worked in Switzerland, Denmark and her native Italy, has arrived in Hungary. She sees the future in innovation and […]
