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 […]
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 […]
