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 […]
Mercedes-Benz will start series production of a purely electric vehicle in Hungary in the last quarter of 2021. The Hungarian government is to cover about 30% of the costs of the expansion of production. The Mercedes-Benz plant in Kecskemét will become the pioneer in Hungary in the field of electric motoring: the new EQB will […]
Schneider Electric has made an investment of 12 million euros in its factories and logistics center in Hungary this year, the electronics company informed the Hungarian state news agency MTI. As part of the developments, the existing production hall in the company's Gyöngyös (east of Budapest) plant was expanded by 2,800 square meters, new production […]
25-year-old SCHOTT Hungary, owned by the German Carl Zeiss Foundation, is launching an investment project on its site in Lukácsháza, W Hungary. A report by the Hungarian Investment Promotion Agency says that 16 items of highly-automated, new generation, Industry 4.0 production lines will be put in service in the pharmaceutical glass and packaging material manufacturing […]
IBM Client Innovation Centre in Székesfehérvár, which provides IT services, server operation, system management and development, and cloud-based services, has decided to create 300 new jobs. The almost EUR 9.7 million investment to be realized by December 31, 2021 will be carried out while retaining the current number of employees. A report by the Hungarian […]
Tesco's withdrawal from Poland is not an ominous sign, but rather a good opportunity for the Hungarian subsidiary to strengthen its regional role, Zsolt Pártos, CEO of Tesco Hungary, told the Hungarian daily paper Világgazdaság. He also talked about the fact that although Tesco closed stores, new doors opened in parallel. "It is not the […]
Tungsram, the innovative Hungarian technology company that has been well-known for 125 years for his lighting solutions and products see Algeria as a respected partner and a promising market for its services, as it was in the past, says President&CEO Joerg Bauer. “In our recent discussions with His Excellency Ambassador Ali Mokrani we have found […]
The Dutch multinational life insurance, pensions and asset management company Aegon has agreed to sell its business in Hungary, Poland, Romania and Turkey to Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG). "This transaction will simplify Aegon's footprint and strengthen our balance sheet", said Lard Friese, CEO of Aegon. "We are sharpening our strategic focus […]
