The Szervita Square Building in downtown Budapest will house the first Laborpont medical outpatient care and laboratory diagnostics center from October 2021 on the premium property’s ground floor area. A statement by Horizon Development say that the healthcare provider will offer 1,000 different types of pain-free, non-prescription blood tests to the general public (adults and […]
MOL Plc. significantly increased its revenues in the second quarter, with first-half EBITDA (operating profit before interest, taxes, depreciation and amortisation) exceeding HUF 505 billion, more than double the result of the same period last year, according to a report published on the website of the Budapest Stock Exchange (BSE). Highlights of the period included► […]
The decline in sales of some contraceptives, the absence of major acquisitions and the exchange rate movements reduced the profit at the Hungarian pharmaceutical company Gedeon Richter Plc. The after-tax profit of Gedeon Richter Plc. fell by 9.3% to HUF 54.9 billion in the first half of this year. Yet the company's revenue rose to […]
Construction work on four new studios at the Fót Film Studio will begin within weeks, the National Film Institute (NFI) informed the Hungarian state news agency MTI on Monday. According to the information, in the largest ever state-funded studio development, the production capacity of the Fót Film Studio, just northeast of Budapest, will be almost […]
Britain-based Leyland Hose & Silicone Services (LHSS) has established its first European manufacturing unit in Szigetszentmiklós, just south of Budapest. As an automotive supplier, the company has been engaged in the manufacturing and sales of silicone hoses for more than 30 years. LHSS decided in 2019 to open a new plant in response to market […]
Scope Ratings GmbH has confirmed the BB+/Stable issuer credit rating on the the Hungarian energy services provider company ALTEO Plc. along with its BBB- long-term senior unsecured debt rating and S-3 short-term debt rating which is four grade higher than the minimum level expected by the National Bank of Hungary (MNB). As it has been […]
Astra Film Studios near Budapest is expanding its facility with several studios to serve large-scale international productions with cutting-edge technology in Hungary, the company said on Tuesday. Astra Filmland at Mogyoród, east of the Hungarian capital, will offer several stages and large spaces suitable for a variety of productions with support services including set design […]
The real estate property development firm Colliers has sold a 30,000 sq m industrial complex as part of a nine-hectare site in Nemesvámos, near Veszprém, W Hungary to the Austrian automation company Knapp. The seller MTD Hungary, a lawnmower producer, closed the factory in 2020 as they decided to centralize the production somewhere else and […]
There have been reports that production at the Mercedes factory in Kecskemét will be halted for several weeks. The local news site hirös.hu contacted the company last week, and today, Mercedes-Benz Manufacturing Hungary Ltd. replied to the enquiry. As they write, “we are currently experiencing supplier difficulties in the supply of certain semiconductor components worldwide, […]
Delivering goods all over the continent is a constantly growing business that needs to be well organized to put less burden on the environment and make the process easier, more economical, and more visible for shippers and clients alike. That is where Chain Cargo comes into the picture. As Giovanni Gubbels, Head of Business & […]
WHC Group, one of the leading temporary placement and recruitment companies of the country, expands its activities in Debrecen, Eastern Hungary. Due to the dynamic economic growth, 20,000 new jobs are expected to be created by 2030 in the city. A statement by the company says the economic activity of Debrecen and its region is […]
Ferzol Plate Machining Ltd., based in Tápiószőlős, SE of Budapest, has completed a capacity expansion investment of more than HUF 2.3 billion with EU support in Szolnok, E Hungary. The company decided to implement the technology development and capacity expansion investment due to the continuously growing demand. Ferzol won a HUF 996 million non-refundable grant […]
Beurer Hungária Ltd., a manufacturer of medical devices with German background, is making an investment of around HUF 1.7 billion in Veszprém. Hungarian taxpayers will contribute HUF 485 million to the project, according to a government decision. Hungarian-German economic relations are a key factor in the development of the Hungarian economy. Germany is the biggest […]
Knapp, the manufacturer of warehouse logistics equipment, is setting up a new site in Nemesvámos. Within the framework of a development amounting to almost EUR 16.7 million by the end of March 2023, the company will transform a brownfield site creating 250 new jobs in 2022 followed by an additional 250 by 2027. Almost a […]
Introducing custom-built, healthy homes featuring faster, sustainable construction, keeping in mind not just the environment but also efficiency and affordability – this is what Footprint Homes offers to its clients as explained to Diplomacy&Trade by the Dutch managing directors of the Hungarian firm, Rudolf Nanne and Johannes De Block. The roots of the idea go […]
