MONO-Ipolyfabric, which designs and manufactures premium automotive interior decor elements will expand its production capacity and will set up a new R&D centre at its site in Ipolytölgyes. Thanks to the investment of almost EUR 17.5 million, 100 new jobs are expected to be created. The Belgian-owned Mono Group is a world-class company group engaged […]
Established in 2002, the Netherlands-Hungarian Chamber of Commerce in Budapest (Dutcham) aims to facilitate the exchange of professional expertise and provide networking possibilities for Dutch companies operating in Hungary and also for those who wish to build a valuable business network within the Dutch business community. Dutcham’s goal is to bring together companies with Dutch […]
HEINEKEN, renowned for its commitment to quality and innovation, wants to be carbon neutral in its operations by 2030. As a first step, HEINEKEN has removed all PET packaging from production, making it the first PET-free beer producer on the Hungarian market. Its Hungarian subsidiary is also promoting greater sustainability through its commitment to quality […]
Leader and pioneer, Air France-KLM has been working for many years to reduce its environmental impact and commits to work together with all stakeholders and policymakers to achieve the climate objective to reach net zero CO2 emissions by 2050 from all flights within and departing from the EU. Published at the beginning of June this […]
Tamás Jeránek took over as the new President and CEO of Siemens Plc. as of May 1, this year, almost a decade after joining Siemens. He tells Diplomacy&Trade about how he sees the activities and position of the company on the Hungarian market as well as what it can offer to its business partners. “In […]
The urban mobility company TK Elevator will establish a shared service center in Budapest. Named Solution Center Europe (SCE), it will provide selected Finance and HR processes for the group's European and African operations. The company envisions scaling up to 70 employees within the first 12 months, with a prospective possible size of up to […]
Wolt's own "delivery-only-stores", i.e. the stores with only home delivery, Wolt Market, will be launched in Hungary in the fall of this year, It is planned to open first in Budapest and then in several provincial in several towns and cities, which will operate as separate stores alongside other retail partners. In addition to food […]
Vitesco Technologies, which was formed by the transformation of the Powertrain division of Continental, established a 7,000 sqm automotive-electronics manufacturing plant in Debrecen, E Hungary with a greenfield investment. With the implementation of the project of more than EUR 116.6 million creating 450 new jobs and applying Industry 4.0 solutions, a new and unique production […]
The world's largest Bosch power tool plant, located in Miskolc, NE Hungary, and at the same time the company's European battery manufacturing competence center, is expanding with a new production hall. In the 20,000 sqm hall now inaugurated this week, wireless power tools and associated batteries for DIY and gardening enthusiasts are manufactured, and this […]
The stock index of the Budapest Stock Exchange (BSE) rose on a downward trend this week, closing at 48,461.47 points on Friday, 343.75 points, 0.71% higher than the previous week's close, the state news agency MTI reported this Sunday. Turnover on the stock market was HUF 45.75 billion, compared to HUF 67.14 billion last week. […]
Euronet, a cash dispenser company that has been active mainly in city centers and near tourist destinations, has entered a new field: they are targeting settlements and neighbourhoods where cash has typically been scarce. With the rise of digitalisation and online banking, there are fewer and fewer bank branches and ATMs, but cash is still […]
The Hungarian pharmaceutical firm Gedeon Richter Plc. announced this Monday that it signed a multi-party agreement to divest its wholesale operation to Grin-Farm S.R.L. and its retail operations to BIRIVOFARM S.R.L., both in the Republic of Moldova. Richter as a majority owner of both the wholesale and the retail operations is entitled to approximately 62% […]
LEGO Manufacturing is launching an investment in Nyíregyháza, which will enable even greater production capacity than before. The investment, with a total cost of almost EUR 148 million, will create 250 new jobs and result in a 50% increase in molded elements. The plant's production area will increase to 232,000 square meters. Construction work will […]
Michelin celebrates its 25th anniversary in Hungary in 2021. Since 1996, when the Michelin Group acquired Taurus, the company has been offering sustainable mobility solutions in Hungary. A press statement by the company says that Michelin supports its employees, customers and local communities in a responsible and environmentally friendly way through significant investments and a […]
As a member of the Foxconn Group, Cloud Network Technology launches warehouse capacity expansion investment of more than EUR 15 million in Komárom, NW Hungary. About 20% of the investment cost is covered by Hungarian taxpayers. The establishment of a new 17,000-square-meter storage capacity supports the production of high-tech data centers and network communication devices. […]
