The Dutch logistics operator group Raben, now operating in 13 countries, celebrates its 90th anniversary this year. The Hungarian subsidiary, Raben Trans European Hungary Ltd. was established 11 years ago. Its Head of Sales & Marketing, Zoltán Üveges tells Diplomacy&Trade about the Group’s diverse activities. As he explains, Raben Group offers comprehensive TSL (transport, shipping […]
Even the turbulence of last year could not break the success streak of the Dutch truck manufacturing company DAF in Hungary, which closed the year as the leader in the heavy truck market for the 12th consecutive time, with an increased share. The management of DAF Hungary Ltd. expects a significant market strengthening this year, […]
SungEel Hitech Hungary Ltd. is to expand its presence in Hungary with another battery processing plant. After the plant in Szigetszentmiklós, which was handed over in 2019, an 8,700-square-meter recycling park opened in July this year in Bátonyterenye, Nógrád County, north of Budapest. With an investment of EUR 25.75 million, 30% of which is to […]
ALTEO and AutoWallis have signed a strategic cooperation agreement to coordinate their e-mobility services in the future. The agreement between the two companiesis based on their commitment to sustainable and transparent operations and the transition to a green economy. The agreement also covers the sale of innovative energy solutions for charging e-cars. The cooperation agreement […]
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 […]
