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 […]
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 […]
