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 […]
Ford's sales fell by about 20% in Hungary last year as a result of the coronavirus epidemic, yet, the brand was able to improve its share of the new car market thanks to the traditionally strong position of its trucks. Ford Hungary announced at Wednesday's online press conference that in 2020, the brand sold 18,782 […]
It was just two years ago that the German-Hungarian Chamber of Industry and Commerce (DUIHK) had its 25th anniversary and this year, the organization has an even more prominent anniversary to celebrate: the first German-Hungarian Chamber of Commerce, the DUIHK was established a hundred years ago. As the CEO of DUIHK, Gabriel A. Brennauer tells […]
The Hungarian pharmaceutical company Richter and the Belgian pharma firm Mithra strengthen their partnership with the signing of a license and supply agreement for the commercialization of a novel oral contraceptive to Latin America. Gedeon Richter Plc. and Estetra S.A, the wholly owned subsidiary of Mithra Pharmaceuticals, have announced that they extended their partnership and […]
Kedali Hungary Ltd. will invest EUR 40 million in a new factory in Gödöllő (just east of Budapest) that will become an aluminum structural component part provider for Samsung SDI. As the Hungarian Investment Promotion Agency reports, the plant's trial run is expected to start in spring next year, while serial production will reach its […]
At the 23rd General Assembly earlier this month, the American Chamber of Commerce in Hungary (AmCham) membership elected Zoltán Szabó, Country General Manager of BT-ROC as President, succeeding Dr. Farkas Bársony after four successful years, a statement by AmCham says. As for other positions, Dr. Dávid Kőhegyi, Local Partner, Head of Compliance and Investigations at […]
From this week, Wizz Air Holdings Plc.’s shares are available on the 'BETa Market', an alternative platform of the Budapest Stock Exchange (BSE). The BETa platform offers the opportunity to trade securities of large European companies. As a result, the shares of the international airline, which has Hungarian origins, can be accessed without currency conversion […]
Bock Hungária Ltd. is to start a new project with production and storage capacities to be expanded at the premises of the company in Nemesvámos, W Hungary. The project primarily aims to establish a new injection moulding plant and to create 100 new jobs. The cost of investment is HUF 606 million and the Hungarian […]
The Indian automotive industry supplier Samvardhana Motherson Group (SMG) is building a new factory hall in Kecskemét and is also developing its other sites in Hungary with an investment of HUF 5.6 billion. The investment will cover SMG’s plants in Győr, Mosonmagyaróvár and Mosonszolnok, in northern Hungary, and Túrkeve, in eastern Hungary. The Hungarian government […]
