The Switzerland-based pharmaceutical company Roche is going to increase the number of its collaborators in positions creating high added value in its service center located in the Hungarian capital. The 250 new employees will provide support to the subsidiaries of Roche in 60 countries in the fields of finance, purchasing, HR and information technology. Roche […]

Zwack is not only one of the most well-known Hungarian brands, but also one with a history of over two centuries, of which the last nearly 130 years have been associated with Hungary. Chairman of the Board of Directors at Zwack Unicum Plc., Sándor Zwack, explains how this great past of the company is cherished […]

The High Velocity Center inaugurated by the Ford Motor Company, extending over a surface of 10,000 square meters in Biatorbágy, just SW of Budapest, will function as a distribution hub for supplying spare parts for the car dealers and service centers of the brand in 15 Central and Eastern European countries. Thanks to the investment, […]

The Hungarian oil and gas company MOL is not only one of the best-known Hungarian brands, but has been expanding in the region for a good quarter of a century, followed by the acquisition of positions in Asia and a role in the North Sea. Keeping up with the times, the company diversifies its operations […]

Bosch will establish its service center in Vecsés, just outside of Budapest, from where HR support will be provided for five East Central European countries as a first step. The investment will create 225 new jobs in the town and will be implemented by a spending of almost EUR 19 million, over a third of […]

One of the world’s fastest-growing beverage brands puts the capabilities of Hungary’s manufacturing in the international spotlight: HELL ENERGY. As of this February 1, its XIXO carbonated soft drinks are packaged solely in 100% recyclable aluminum cans, which can be recycled an infinite number of times. Established 15 years ago, family-owned HELL ENERGY has achieved […]

Hungary’s internationally renowned lighting company Tungsram celebrates the 125th anniversary of its foundation this year. Its President & CEO Joerg Bauer tells Diplomacy&Trade about the firm, the brand and how this history was intertwined with that of Hungary. “We have been very much looking forward to celebrating this anniversary. Under the present circumstances, we will […]

Market Építő Plc. that celebrates its 25th anniversary this year has become the leading high-rise construction company in Hungary. The company, which attaches importance to the application of innovative solutions and the comprehensive use of quality, health and safety and energy management systems, also earned the title of ‘Construction Company of the Year’ in 2019. […]

Chris Dinsdale, a highly experienced airport manager with in-depth knowledge of Budapest Airport, is taking over from Dr. Rolf Schnitzler as the CEO of Budapest Airport Co. Ltd. from the end of March. A press release by Budapest Airport, the management company of the Ferenc Liszt International Airport of the Hungarian capital, says Chris Dinsdale […]

Johnson Electric is closing its automotive parts plant in Ózd, NE Hungary as mainatining production there has become economically unsustainable. The factory employs almost 800 people. The decommissioning of the production is planned to take place in several stages and would end in April 2022. The company said in a statement that it is aware […]

Coca-Cola HBC Hungary is launching an investment with a total cost amounting approximately to HUF 30 billion in Dunaharaszti, south of Budapest, as a result of which the Hungarian plant will become the largest Central European Manufacturing center of the Coca-Cola system by the end of 2025. Coca-Cola established its operation in Hungary in 1993, […]

Siemens Mobility will create 120 new R&D jobs in its Budapest office in order to implement the 'Digitalization of track-based transport modes', by increasing the number of those employed in this field to 169. The development of driving IT systems, operational security diagnostics, and engineering systems allowing flexible configuration of the railway operations will be […]

The President of the Italian Chamber of Commerce in Hungary (CCiU), Francesco Maria Mari passed away in Rome this Tuesday morning, the Chamber has announced. The announcement, signed by CCiU Vice President Ferdinando Martignago and CCiU Secretary General Stefania Speziani, says that "it is with much regret and sadness that we communicate to all of […]

Erste Group helps socially beneficial businesses in Central and Eastern Europe during the coronavirus epidemic with interest-subsidized loan. The Erste Group's Social Banking program helps companies in Central and Eastern Europe that do socially useful work by providing them with an emergency working capital loan at which the interest is paid by the Erste Foundation […]

The stock index of the Budapest Stock Exchange (BSE) rose in increasing turnover during the four-day trading week; the BUX index closed at 44,042.12 points on Friday, 330.28 points, or 0.76% higher than the previous week’s closing value. The stock market turnover was HUF 58.04 billion after last week's HUF 48.03 billion, with the leading […]