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 […]
Mátyás Dobó will take over the position of Director of Vodafone Business Unit from István Király as of February 1, 2021, as part of the planned succession at Vodafone Hungary. István Király will leave Vodafone Hungary on March 31, 2021, having held the position of Director of Vodafone Business Unit since 2014. During the course […]
Japanese companies are introducing new production technologies in Biatorbágy, Székesfehérvár and Esztergom. They invest a total of HUF 4.5 billion to which the Hungarian government adds HUF 2 billion of public funding. Alpine European Electronics Industry Ltd. in Biatorbágy, Denso Manufacturing Hungary in Székesfehérvár and Diamond Electric Hungary Ltd. in Esztergom (all in western Hungary) […]
In order to strengthen its competitive market position, Heineken Hungária Breweries will invest HUF 540 million in its 125-year-old Sopron brewery. The Hungarian government is to cover half of the investment costs, the Hungarian news agency MTI reports. The Dutch company has undertaken to preserve 465 jobs and that it buying 85% of the raw […]
Belgium based company group Roger&Roger will invest EUR 16.5 million to build a new tortilla chips production facility at the premises of its Hungarian subsidiary, SUGO Food Ltd., in Baja, S Hungary. While retaining 99 jobs, there will be also 60 new jobs created, a new production hall will be built, and the newly developed […]
The Hungarian construction material company MASTERPLAST is starting a project, to be implemented at its subsidiary, MASTERPLAST YU D.o.o. located in Subotica, northern Serbia. The project is supported by Hungarian taxpayers. With the project, the glass fabric production capacity will be expanded by 25%, the existing weaving and coating machine park will be modernized, a […]
Duna House Group reports to have been out of the COVID-crisis by the fourth quarter of 2020. Besides the Group's real estate brokerage arm that reached new highs in Q3 2020 and grew by 13% year-on-year in the next quarter, the loan brokerage business line also reached new records with 34% year-on-year growth. A summary […]
Sangsin Hungary Ltd. that produces metal frames for rechargeable (secondary) battery installation in electric vehicles for Samsung SDI in Jászberény, SE of Budapest, decided to make a EUR 28.8 million investment project to increase their production capacity, to match the growing market demands. As the Hungarian Investment Promotion Agency (HIPA) reports, the development will also […]
