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 […]
Robert Bosch Automotive Steering in Maklár is launching three projects, under which developments, on the one hand, it will implement the production of new-generation electric power steering gears replacing hydraulic steering gears, and on the other hand it will also expand production capacity and introduce new technologies, additionally will also set up a global service […]
Magyar Suzuki Corporation, the only European manufacturing unit of the Japanese parent company to date, is celebrating its 30th anniversary of founding this year. From the very beginning, the company has been engaged in full-scale manufacturing activities in Hungary. As the Hungarian Investment Promotion Agency reports, since the company's foundation three decades ago, about 3.6 […]
As one of Hungary's leading fleet management companies, LeasePlan Hungária's leasing activities cover the entire lifecycle of a car, from purchase, financing and operation to full service, taking the burden of car management off its customers. The company has recently organized a webinar with an overview of the automotive industry. The CEO of LeasePlan Hungária […]
The vehicle importer Porsche Hungária is to establish an Innovation and Education Center with an investment of HUF 2 billion. The cornerstone laying ceremony took place next to the company's Budaörs component center outside the Hungarian capital. At the event, László Mosóczi, Minister of State for Transport Policy at the Ministry of Innovation and Technology […]
In line with its earlier plans, AutoWallis plans a public raising of capital, and it has already taken the necessary preparatory steps. The listed vehicle company plans to raise between HUF 4 and 6.5 billion in institutional and retail capital in the interest of financing the growth strategy it had announced earlier. A report on […]
