The Budapest office building Millennium Gardens is over the design stage of the two-stage BREEAM certification, which puts it in the Excellent category, according to a press release by the developer TriGranit. The BREEAM rating system was created for the purpose of environmentally conscious design, construction and operation, and is known as the most widespread […]

The Hungarian-Turkish Business Association (Turkcham) was established by the five founding members in 1999, on the initiation of Turkish businessman Suat Karakuş who is now the President of the association. He tells Diplomacy&Trade about how much – and in what fields – the organization has been able to contribute to enhancing relations between Turkey and […]

“Sales revenues in the first nine months were up on a year-on-year basis in most markets in both HUF and EUR terms, fueled by growth in the specialty portfolio, in particular higher Vraylar® and Evra® royalties. This broad-based strength in revenue performance was translated into a solid bottomline also ex-Vraylar®, despite higher spending on R&D […]

Nestlé Hungária starts yet another major investment in their pet food factory in Bük. In the framework of the more than EUR 96 million capacity extension project creating 120 jobs, a new wet food plant of 16,000 square meters will be established, where two new aluminum pouch production lines and 50 new robots will be […]

Supported by the macro-economic environment, the doubling petrochemicals margins compared to last year and the internal performance of the company, Clean CCS EBITDA strongly rebounded and came in at USD 1,025 mn in Q3 2021. According to a press relase by the company, this result brought Q1-Q3 2021 EBITDA to USD 2,583 mn that allows […]

Soft Flow, a biotechnological company in Danish ownership, has inaugurated a new center of excellence in Pécs, southern Hungary, comprising most modern analytical, chemical, molecular biology, hardware and software operated laboratories, among others. As the Hungarian Investment Promotion Agency reports, the facility opens up the opportunity for a staff of 120 people in the long […]

In the framework of a brownfield investment of EUR 110 million, Pick Szeged implements the modernization of their headquarters in Szeged, as well as the automation and expansion of traditional mouldy salami production capacity of conventional maturing. The investment - more than a quarter of which is covered by Hungarian taxpayers though a government decison […]

The global shortage of microchip semiconductors has also caused production to falter at Hungarian car manufacturers, with the unpredictability of parts arrivals making the previously normal order fulfilment pattern untenable. Companies interviewed by the state news agency MTI said that they are trying to cope with the situation by analyzing the market and organizing production […]

The Budapest Stock Exchange's (BSE) share index, the BUX, closed down 1.91% on Friday at 54,197.71 points compared to last week's close. The total turnover of shares rose to HUF 48.596 billion from HUF 37.658 billion last week. All leading shares weakened. BSE performance was mixed this week. The share index started with a decline, […]

The coronavirus epidemic had a negative effect on the PR industry in Hungary as well: the sector's turnover fell from HUF 64 billion in the previous year to HUF 48 billion in 2020, but the net profit after tax did not decrease. That is according to the PR Trendriport Hungary 2021 published on the occasion […]

The new production hall and office building of the Hungarian family-owned textile manufacturing Naturtex Group has been completed in the southeastern Hungarian city of Szeged. With an investment of almost EUR 12 million (over one third which is paid for by Hungarian taxpayers through a government decision) creating 150 new jobs, the company achieves a […]

The Budapest Stock Exchange (BSE) share index rose in falling turnover this week, with the BUX closing at 55,254.39 points, a new historic high of 490.05 points increase, on Friday, 0.89% higher than a week ago. Turnover on the stock market was HUF 37.65 billion, up from HUF 52.47 billion last week, with the leading […]

Mercedes-Benz Manufacturing Hungary launches the series production of its new fully electric SUV model, the 'EQB'. The company completed the investment in a remarkably short period of time from decision-making – in less than one year. EQB is the very first fully electric vehicle to be manufactured in series production in Hungary. The purely electric […]

Swiss-owned Swiss Krono, the world's leading manufacturer of wood-based materials, has decided to implement a significant capacity increasing development. As a result of the investment of EUR 47 million retaining 145 jobs and creating 28 new ones, the "OSB" production capacity of the Vásárosnamény plant will increase more than 1.5 times. About 15% of the […]

Roche is making its HR function more agile, innovative and customer-focused globally. Shortly after the transition to a new operating model called People & Culture, the company's Budapest service center has appointed a new HR manager: Kristóf Zács, with extensive experience in international HR, including the launch of new business services. Kristóf Zács previously led […]