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 […]
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, […]
