The biggest office developer in Europe sold four buildings for over EUR 265 million, leased over 135,000 sqm, and completed seven buildings in Poland, the Czech Republic, Romania and Hungary. A statement by the company says Skanska retains its strong position on the Central Eastern European real estate market and confirms its business efficiency despite […]
With a development cost of EUR 21 million, Nolato Hungary Ltd. that manufactures hygienic and medical products, is to increase its production and storage area in this country by more than 150%. The Hungarian government is to cover about one fifth of the costs of development. While retaining existing jobs, the complex project that also […]
Balluff-Elektronika Ltd.. specialising in the production of electronic components is to launch a new research and development project at its site in Veszprém, midwestern Hungary, targeting the major regeneration of sensors and network devices for industrial automation. The investment of almost EUR 5.8 million creates new jobs for 30 highly qualified employees, by which the […]
The pandemic has created a reality that will strengthen the trends which have existed in the industry for years. In 2021, however, developers will prepare a new offer for their customers. It will aim at responding to the hybrid working model that has emerged during the coronavirus pandemic. According to Arkadiusz Rudzki, Executive Vice President […]
With a new investment, Hilti Szerszám Kft. (Hilti Tool Ltd.) will engage in new activities at its site in Kecskemét, SE of Budapest, including the production of manual power tools and the establishment of a logistical system. The investment value amounts to HUF 7.2 billion (over EUR 20.1 million), of which the Hungarian government subsidy […]
Plywood producer Falco Co. Ltd. invests EUR 25 million to develop numerous production areas at their premise in Szombathely, W Hungary. The development project will conclude in 2024 and it helps in retaining 302 jobs. HUF 1.2 billion of the HUF 8.2 billion investment costs will be covered by the Hungarian government. The company was […]
The total value of European investment in 2020 reached EUR 275 billion, which, although lower than the level of 331 billion a year earlier, is a good result amid the epidemic crisis. In Hungary, the decline in 2020 was 40%. Although this represents a 17% decrease from EUR 331 billion in 2019, sales in 2020 […]
The American Chamber of Commerce in Hungary (AmCham Hungary) has released its new Policy Agenda, the strategic guideline to the organization’s advocacy work for 2021-2025. A statement by AmCham says the Policy Agenda – the third publication of its kind since 2015 – elaborates on those areas where AmCham believes changes can and should be […]
The Budapest Research Forum, which comprises the real estate firms CBRE, Colliers International, Cushman & Wakefield, ESTON International, JLL and Robertson Hungary, has published its Q4 2020 office market summary. In the fourth quarter of 2020, 38,850 sqm of new office space was delivered to the Budapest office market in four schemes. Váci Greens E […]
The German multinational conglomerate Thyssenkrupp launches another electromobility-related development project in Veszprém, W Hungary where the company will establish an engineering service center with an investment of slightly over EUR 6 million. The Hungarian government is to cover 35% of the investment costs of the project that promises to create 80 new engineering positions within […]
Based on the estimates of Duna House. a total of 34,000 transactions were concluded in Q4 2020, which reflects almost the same activity level as a year before. December 2020 was marginally stronger than the same month in the previous two years and brought more than 10,000 property sales in total. The combined figures published […]
During the past two years, Budapest Airport implemented EUR 167 million worth of investments at the airport, whereby the regional significance of BUD has been greatly enhanced, while maintaining a high level of safety and security. According to a statement by Budapest Airport, the management company of the Hungarian capital's Liszt Ferenc International Airport, the […]
Linde Gáz Magyarország, founded in 1992, produces industrial and medical gases. They will now build a new air-separation unit in Kazincbarcika with an investment of EUR 41.6 million, retaining 430 jobs. The project, where the Hungarian government is to cover about 13% of the investment costs, primarily aims to serve the needs of the factory […]
With increasing turnover, the stock index of the Budapest Stock Exchange (BSE) decreased this week, the BUX closed at 44,204.45 points this week. The closing figure of the BUX index was 188.76 points, 0.43% lower than the previous week's closing value. The turnover of the stock market was HUF 74.05 billion after HUF 58.16 billion […]
With the completion of the one-month maintenance break, the Mercedes plant in Kecskemét will restart this Sunday, but production will stop again on Wednesday due to the non-availability of a part manufactured in Japan. On December 18, production stopped at the Mercedes factory in Kecskemét, where in addition to the usual maintenance work, reconstructions were […]
