Erste Bank Hungary closed the first quarter of this year with a profit after tax of HUF 15.1 billion. Operating income was 24.1% higher than in the same period of the previous year, while expenses increased by a much lower 6.3 %. Lending growth in both the retail and corporate segments slowed compared to last […]
German carmaker Audi is starting a new investment in its tool factory in Győr, NW Hungary. In the framework of the project of more than EUR 10 million, the current production hall will be extended by 3,800 square meters for exclusive series production, and the logistics hall will increase by 2,500 square meters. While retaining […]
The PRIMUS Private Healthcare Providers Association was established in March 2017 by twelve key members of the domestic private healthcare sector with the intention of promoting the emergence of an ethically functioning, private healthcare sector that fully complies with patient safety requirements. “When PRIMUS was established, our primary objectives were to clean up the sector,” […]
The Dutch dairy company FrieslandCampina invests in capacity expansion and infrastructure modernization in Mátészalka, NE Hungary. The project related to the production of high value-added desserts and fermented milk products is to be realized from more than EUR 14 million, some 20% of which is covered by Hungarian taxpayers. FrieslandCampina is the world's largest cooperative-owned […]
LINDE GÁZ Magyarország Zrt. has announced that it has taken the lead in hydrogen mobility by being the first company in Hungary to install a hydrogen filling station. LINDE inaugurated the country's first hydrogen filling station on April 29, 2021 at the company's Budapest site. The ceremony was attended by Dr. László Palkovics, Minister of […]
Thanks in part to its exceptionally flexible working arrangements, Roche's Budapest-based service center was awarded first place at this year's CEE Business Services Summit & Awards. With 31 employees of different nationalities and a large number of female managers, the office in the Hungarian capital further strengthens its role within the global group, a press […]
The Hungarian company Masterplast turns from a classic construction firm into a company that is increasingly focused on the insulation industry and has strategic positions in the healthcare industry as well, CEO Róbert Nádasi told the business daily Világgazdaság. With the acquisition of a German plant in Aschersleben, near Leipzig, last year, Masterplast also took […]
The Academy for Women Entrepreneurs (AWE) program has arrived in Hungary to help 30 rural women with business ideas and start-ups to launch their own companies. Participants will receive a 10-month business training course, during which they will learn the skills and knowledge of entrepreneurship and even create a business model for their own company. […]
The Mercedes-Benz plant in Kecskemét, East Central Hungary has modified its production program until the 17th calendar week due to supplier difficulties, the company told the business daily Világgazdaság. The calendar week referred to is the one from 26 April to 2 May, however, the local news website reported that the car manufacturing plant was […]
The Japanese firm Nissin Foods, which makes instant pasta dishes, is expanding its capacity in the east-central Hungarian city of Kecskemét. During the project, new machinery and equipment will be installed in the plant and the storage area will be expanded. The project of EUR 12 million to be realized by 2024 creates 20 new […]
Antal Dreher’s legacy over the past 166 years shows the spirit of a company that is always renewable and mindful of sustainability. The family company, the brand, the factory survived the crises of the 20th century. The large-scale brewery in Kőbánya (Budapest’s District 10) is one of the largest and best-known companies in Hungary today, […]
Minister of Foreign Affairs and Trade Péter Szijjártó signed investment agreements worth HUF 14 billion in Switzerland earlier this week, the state news agency MTI reported. He said the Hungarian delegation reach agreements with three Swiss companies to partly expand their activities in Hungary and partly to enter the Hungarian market as new investors, creating […]
Although Borsodi Brewery's results last year fell short of the previous, highly successful year, the company was able to retain all its employees despite the challenges caused by the coronavirus epidemic, the company told the Hungarian state news agency MTI. According to publicly available data, the net sales of Borsodi Brewery in 2019 were HUF […]
The Japanese Seiren company specializing in the manufacturing of automotive interior materials and textiles establishes its first European manufacturing unit in Hungary with an investment of more than EUR 42 million. With the investment – 30% of which is covered by Hungarian taxpayers' money –, the company is to create 170 jobs by 2022, and […]
The sunflower-seed processing and refining plant of the Czech-owned NT Food Producing and Trading Ltd. is launching a capacity expansion investment in Kiskunfélegyháza, SE Hungary. As a result of the investment the company will process an annual quantity of 450,000 tons of sunflower-seed and will thereby be able to produce 210 million liters of sunflower […]
