Qatar Airways has been announced as the ‘Airline of the Year’ by the international air transport rating organisation, Skytrax, in addition to securing five additional awards including World’s Best Business Class, World’s Best Business Class Airline Lounge, World’s Best Business Class Airline Seat, World’s Best Business Class Onboard Catering and Best Airline in the Middle […]
Hungary's AutoWallis Group has outlined its expectations for the next few years: more than four times last year’s revenue and six times last year’s EBITDA expected for the year 2025. The AutoWallis Group expects dynamic growth until 2025, it revealed in the updated strategy published this Tuesday on the website of the Budapest Stock Exchange. […]
The Hungarian subsidiary of the Cosmo Consult Group will establish new IT development and service centers in Debrecen and Szeged providing business IT solutions. With an investment of some HUF 785 million, the company with a German background active in 26 countries, will create at least 50 high value-added jobs for IT professionals. Besides Hungary, […]
The 8,000-square-meter new Railway Service Center of the world leading manufacturer of brake systems for railway and road vehicles, Knorr-Bremse Rail Vehicle Systems Hungária Kft., has been inaugurated in Budapest. As a result of the investment, which includes on-site infrastructure and building development, as well as technology development, the range of the company's service competencies […]
Balaton cheese, produced by Balaton cheese, produced by Vászolyi Cheese, was the only Hungarian brand to receive a gold medal from the French jury at the Mondial du Fromage. Cheese, was the only Hungarian brand to receive a gold medal from the French jury at the Mondial du Fromage. The award was handed over to […]
Schaeffler Savaria's second plant was handed over in Szombathely, the Hungarian Investment Promotion Agency reports. The investment is a new facility realizing the development and production of powertrains for electric vehicles, built on a 30-hectare area three kilometers from the old factory with a greenfield investment. As the first electromobility plant of the Schaeffler Group, […]
Hanon Systems, one of the world's largest automotive air conditioning suppliers, has set up a new plant in Pécs as part of a greenfield investment. The new manufacturing facility increases production capacity for fluid transport products. The volume of the development is almost EUR 36 million, over 20% of whcih is borne by Hungarian taxpayers […]
The revenue of the AutoWallis Group was HUF 97.7 billion, exceeding the revenue for the comparative period of 2020 by 156% despite the restrictions imposed and maintained due to the third wave of COVID-19, partly as a result of the transactions conducted in 2020. The sudden and dramatic decline in the revenue of rent-a-car activities […]
Construction of the SEMCORP Group's first production unit outside China begins with the laying of the foundation stone of the poduction plant producing lithium-ion battery separator films (LiBSF) in Debrecen, NE Hungary. Operational production will be launched in the first quarter of 2023. Their products are used in technical devices including electric vehicles in large […]
Tube packaging manufacturer Hoffmann Neopac is doubling its toothpaste tube production capacity in Debrecen. Under the project, two new production lines will be installed, which represent a unique technology manufactured by the company's own patent. With the help of this technology, the company manufactures toothpaste tubes for its premium dental customers as their exclusive supplier. […]
2020 was also a special year for the Hungarian Investment Promotion Agency (HIPA). The organzation says that although operations were still normal at the beginning of the year, the pandemic that started in the spring brought about unprecedented challenges for both investors and the country at large. Despite the circumstances, HIPA contributed to the implementation […]
The series of developments began in 2019 at Ferenc Liszt International Airport has continued this year; more large-scale investments have been implemented during the first eight months of 2021 at Ferenc Liszt International Airport . That takes the total value of the developments carried out over the past two and a half years to nearly […]
The first phase of the expansion of Unilever Hungary Ltd.'s household chemicals plant in Nyírbátor, NE Hungary, representing an investment of EUR 50 million, has been completed, during which two new production lines and a packaging hall were built. As a result of the development, 100 new jobs will be created in addition to the […]
Varian Medical Systems Hungary engaged in the medical technology sector has implemented radiotherapy technological development in Hungary and expanded its Research and Development centre in Budapest over the last three years. With the R&D project of a total cost of almost EUR 8.5 million, the company has created 30 new high value-added jobs. Hungarian taxpayers […]
Huntsman Corporation, a US-based chemical company, implements the capacity increase in manufacturing polyurethane raw materials and special amines at its site in Pétfürdő. The amount of the investment exceeds HUF 10 billion, and the headcount is increased by 12 people by retaining the existing 131 employees. Huntsman Corporation is a manufacturer and distributor of differentiated […]
