In an earlier interview with Diplomacy&Trade László Bakonyi, the owner and General Manager of Btech Hungary Ltd., the market leader in the wholesale of watches (and in the retail under the name BL Óraszalon) in Hungary in terms of turnover, number of employees, product portfolio and the number of shops, noted that demand for top […]
In order to increase their pharmaceutical production capacity, the French-owned Egis Pharmaceuticals has expanded its site in Körmend. With the investment of more than EUR 21.8 million, in addition to the new packaging factory, Egis has also established a plant with special know-how and technological needs, typically suitable for the production of oncology products; thereby […]
Ten years ago, Switzerland’s Givaudan laid the first stones at its European savoury flavours manufacturing facility near Makó, SE Hungary. The global leader in the creation of flavours and fragrances opened its factory the following year. As Head of Operations and Company Manager at the plant, Mihály Karkas tells Diplomacy&Trade, the company's management and shareholders […]
‘Freshness is an art’ – perhaps this is the slogan that best describes the Hungarian salad producer firm Eisberg's everyday life, according to its Managing Director, Zoltán Gazsi. “Nature is capricious, presenting our professional raw material suppliers with new and ever-increasing challenges especially during the last years. However, the combination of our strict quality assurance […]
The Swiss-Hungarian Chamber of Commerce (Swisscham) celebrated the 25th anniversary of its foundation last year in a limited way due to the pandemic restrictions. A lot of anniversary-related and other events had to be canceled or postponed but the chamber adapted to the circumstances to serve its members and partners. Swisscham Director Júlia Lipovecz tells […]
Important changes ahead in the life of the Swiss Roche Group's Hungarian subsidiary: a new managing director, Raffella Bondi has arrived at the helm of the company, which will continue its operations in the Budapest One office building. In parallel to the move, the pharmaceutical company is also moving to an agile organizational model. With […]
The Budapest Stock Exchange's share index, the BUX, closed at 53,955.85 points on Friday, up 111.26 points or 0.21%, the Hungarian state news agency MTI reports. Turnover on the stock market was HUF 7.7 billion, with leading shares performing mixed compared to the previous day's close. Zsolt Bosnyák, senior analyst at Equilor Befektetési Zrt. told […]
Duna House Group reached strong volume growth during the summer months of Q3 2021. Franchise real estate brokerage grew by 20%, own office real estate brokerage by 27% and loan brokerage by 103% on a year-on-year basis. In Q3 2020, COVID-19 already had no negative influence on the real estate markets, while some negative impact […]
Millennium Gardens, developed by TriGránit in the Hungarian capital, has received the Access4you Gold certification based on the project’s construction plans. As a press release by Colliers International points out, meeting the needs of tenants is crucial for the developer, and an increasingly important element of that is to serve employees with special needs or […]
The new office building, which was created from EUR 6.2 million, comprising 13,200 square meters of office space and a 2,500-square-meter laboratory complex, provides space for 1,200 workstations. The German-owned company currently employs more than 1,000 highly qualified engineers at its headquarters in Budapest. Thyssenkrupp is one of the world's top component suppliers, whose clientele […]
Budapest Airport is expanding its offer with a new service: it is the first in Europe to partner with Wolt and enable passengers to order in advance from restaurants and cafés at Ferenc Liszt International Airport. With the mobile application, fast and contactless orders can now be placed, paid and picked up at the food […]
Nikos Zois is set to succeed Geert Swaanenburg in the position of Managing Director at HEINEKEN Hungária as of October 1 this year. Having held the position since 2018, Mr. Swaanenburg will continue his career as Managing Director of HEINEKEN Germany, a HEINEKEN press release says. “In Hungary, I have found a new home, made many great friends, and had wonderful experiences, thus […]
In the first half of 2021, tenants leased over 1.1 million m2 of modern office space across the capitals of the 15 CEE countries. The highest level of activity was recorded in Warsaw (249,300 m2), followed by Prague and Budapest, according to the ‘ExCEEding Borders – Office Markets & Business Services in CEE-15’ report recently […]
Petrolszolg's new HUF 6.7 billion headquarters in Tiszaújváros was inaugurated. The industrial maintenance and services company, wholly owned by the Hungarian oil and gas trust MOL Group, will now manage the servicing of MOL's Tiszaújváros site from the new building. The 9,500-sqm facility has two floors, six units and four large workshop halls. This is […]
A unique undertaking by a brand: for those who lacked the space, the community or the tools to realize their innovative ideas, Telekom's new youth creative space, KraftLab, opening in Debrecen, provides all the necessary conditions for them to fulfil their potential, according to a press release by Magyar Telekom. KraftLab also demonstrates the power […]
