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 […]
The Austrian IT company Plaut has acquired a majority stake in the Hungarian firm Netlife Consulting, which specializes in SAP consulting and continues to operate under the name msg Plaut Hungary Ltd., the Austrian company told the Hungarian state news agency MTI. According to the information, with the acquisition, the company aims to reach a […]
The 250,000th Audi Q3 model rolled down from the production line of the Audi plant in Győr. The anniversary car was a tango red Audi Q3 Sportback with a plug-in hybrid powertrain, which will soon head for Germany, a press release from Audi Hungaria says. Production of the Q3 model began in 2018 in Győr, […]
The Park Atrium office building, overlooking Budapest's City Park, welcomes 2021 with a new identity, rearranged and optimized functionalities, and fresh interior design ideas for its ground floor lobby, main reception, conference center and community garden. A press release by the Landlord – a property fund based in Luxemburg and managed by REInvest Asset Management […]
Germany is Hungary’s most important economic partner, the Hungarian economy highly relies on the ‘well-being’ of the German one. The CEO of the Hungarian Investment Promotion Agency (HIPA), Róbert Ésik explains to Diplomacy&Trade his agency’s role in attracting and maintaining German investment in this country. “From the foreign direct investment (FDI) point of view, Germany […]
The recently established Stellantis Group, as the fourth largest automotive conglomerate in the world, is bringing the manufacturing of the new generation 1.6-liter petrol engines to Szentgotthárd, SW Hungary. The engine, which is designed for hybrid cars, will be produced at a yearly output of 200 thousand items, in addition to the production of 350,000 […]
