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, […]
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 […]
