The Korean company with its plant in Göd, north of Budapest, focuses on younger generations and sustainable solutions. Samsung SDI todayAlong with the footmarks of Samsung SDI, starting from Vacuum Tubes in 1970, super-large PDP, high-tech CRTs and to Digital displays, today, Samsung SDI is the Creative Leader of Technology and Market on the Foundation […]
Robert Bosch Energy and Body Systems Kft. in Miskolc has established and operates a corporate adult education centre with HUF 170.28 million non-refundable EU funding from the Széchenyi 2020 program. According to information provided by the company, as a result of the two-year programme, the company has started its adult education activities, and in 2019 […]
The British Chamber of Commerce in Hungary (BCCH), which is 30 years old this year, has held its annual general meeting. Duncan Graham was re-elected President of the organization and the Chamber Council was strengthened with several new members, according to a Hungarian language press release by BCCH. In view of the favorable development of […]
Gedeon Richter Plc. has announced that it extended its existing licensing agreement with AbbVie, originally dated 2004, for the development and commercialization of its own-developed molecule, cariprazine. The initial agreement covered the territories of the USA and Canada and was extended in 2019 to include certain countries in Latin America. The present agreement further expands […]
The Hungarian Marketing Association (MMSZ) has launched the Marketing Talent Award as the most important task of marketing is to drive the economy, which requires sustainable and innovative solutions, and the marketers of the future have a key role to play in this. The Marketing Talent Award, co-founded by HEINEKEN Hungária Zrt. and Magyar Telekom […]
In the first quarter of 2021, the real estate business Duna House Group has significantly improved its profitability, while its EBITDA (earnings before interest, taxes, depreciation, and amortization) to sales ratio increased to 17%, while its clean core EBITDA reached HUF 471 million, which is 27% higher than in Q1 2020. A report on the […]
Despite the adverse impact of the third wave of the coronavirus pandemic, both the distribution and retail and services business units of the listed automotive company AutiWallis demonstrated significant growth in the first quarter of 2021. The company's management report says the growth surpassing the targets set in the strategy published in 2019 can be […]
The popularity of cycling has been further boosted by the coronavirus epidemic, while the shortage of spare parts is expected to curb bicycle production in Hungary this year, Róbert Sipiczki, President of the Hungarian Cycle Industry and Trade Association, told the Hungarian state news agency MTI. In 2020, 390,000 bicycles were produced in Hungary, the […]
The Hungarian pharmaceutical Gedeon Richter Plc. has announced that the European Commission has granted approval for the marketing authorization of the novel combined oral contraceptive containing 15 mg estetrol and 3 mg drospirenone. This decision followed a positive opinion from the Committee for Medicinal Products for Human Use (“CHMP”) of the European Medicines Agency (“EMA”) […]
The interim management report of the Hungarian construction materials firm Masterplast Group for the first quarter of 2021 highlights that the company achieved the highest turnover and profit so far in the seasonally weakest first quarter. In a raw material market environment plagued by continuous price increases and supply disruptions, the Group's supply chain performed […]
The Hungarian real estate development firm CORDIA INTERNATIONAL Plc., member of the Futureal Group, has published its Management Report for 2020, a year when the company managed to expand further. 2020 proved to be a challenging year and Cordia International ZRt’s business model was put to the test. On one hand, the VAT increase on […]
Kometa 99 Plc., one of Hungary's largest and most up-to-date pork processing companies, established a by-product processing plant in Kaposvár. Thanks to the project, the processing of slaughterhouse by-products generated during the company's core business will be ensured. The system with an investment of almost HUF 1.4 billion allows processing of up to 15,000 tons […]
Leier Hungária Ltd. is to carry out capacity expanding improvements at three of its Hungarian sites, Hajdúszoboszló, Pécs and Jánosháza. The total value of the investments is more than EUR 18.5 million. The company will create 20 new jobs as a result of the improvements while retaining the existing headcount of 1,021 people. Hungarian taxpayers […]
As the world enters into the second year of the COVID-19 pandemic, the Hungarian pharmaceutical company Gedeon Richter Plc. continues to regularly provide a brief update of its impact on the health and wellbeing of its employees and its operations at large. According to OECD Statistics, global GDP declined by 4.2 % in 2020 due […]
Erste Bank Hungary closed the first quarter of this year with a profit after tax of HUF 15.1 billion. Operating income was 24.1% higher than in the same period of the previous year, while expenses increased by a much lower 6.3 %. Lending growth in both the retail and corporate segments slowed compared to last […]
