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New Sales Representation for EVA Air in Hungary

Oct 18, 2019

Taiwan-based five-star airline EVA Air has chosen the Hungarian office of Central European Aviation Solutions Ltd. (CEAS) for sales and marketing. Representing the airline's Vienna office at the announcement in Budapest were Edward Ho. Herbert Hsieh and Philipp Wagner. EVA Air’s Director for Central and Eastern Europe, Edward Ho, said he trusted the cooperation would […]

Samsung SDI Hungary Director Kim Woochan

Samsung SDI to Expand Battery Production Plant

Oct 16, 2019

The second phase of Samsung SDI’s Hungarian investment nears completion with the construction of new buildings at the company’s business site in Göd, north of Budapest, now completed. The second phase will yield 1,200 new jobs and a significant increase in the plant’s battery cell production. The Japanese company invested EUR 1.2 billion to expand […]

UPC Brand to Disappear from Hungary

Oct 4, 2019

The UPC brand currently used by Vodafone Hungary will be phased out from the Hungarian market from April, reports, citing Vodafone Chief Executive Officer Amanda Nelson. The move comes nearly one year after the British telecommunications giant acquired Liberty Global's cable business in the Czech Republic, Germany, Hungary and Romania. Liberty was present in […]

Sanofi's plant in Veresegyház

Sanofi European Competence Center to Open in Budapest

Oct 3, 2019

The leading French pharmaceutical company Sanofi is to establish a Center of Excellence in Budapest, the Hungarian Investment Promotion Agency (HIPA) announced. Initially, a hundred people will assist Sanofi subsidiaries in the field of accounting, HR and finance in seven languages, however, the center will be expanded to 350 persons by 2022. Sanofi was founded […]

GS Yuasa plant inaugurated

GS Yuasa Plant Inaugurated in Miskolc

Oct 2, 2019

GS Yuasa's first factory on the European continent is now complete. Through its EUR 28.8 million plant in Miskolc, the Japanese battery producer will supply its European automotive partners manufacturing electric vehicles (EV) with lithium-ion resources, further strengthening Hungary's position in electromobility, the Hungarian Investment Promotion Agency reports. The Hungarian government has contributed 465.3 million […]

Hungexpo starts development

Budapest Fair Venue To Be Modernized

Sep 30, 2019

The Hungarian capital's largest exhibition site, Hungexpo will refurbish and modernize existing pavilions, build two new exhibition halls, a new reception building and a congress center by 2021, the company said. The budget of the investment project is HUF 55 billion. The foundation stone of Hungexpo's revitalization development was laid on Monday. The press release […]

2019 Chain Bridge Award handed over to Arconic

Arconic Receives Chain Bridge Budapest Award

Sep 26, 2019

The American company Arconic that specializes in lightweight metals engineering and manufacturing has announced that its Hungarian subsidiary, Arconic-Köfém Ltd., received the 2019 Chain Bridge Budapest Award. Launched in 2017, this prize is awarded each year by the Hungarian Investment Promotion Agency (HIPA) to the company that makes the greatest contribution to the development of […]

Thyssenkrupp Relocates Development Center in Hungary

Sep 23, 2019

Germany’s Thyssenkrupp has decided to move its Budapest-based automotive industry development center to a bigger location in the capital and increase the headcount  by 100 employees over the coming years, online newspaper reports. The center is relocating to a 16,000 sqm area in the South Buda Business Park where the company will have nearly 30% more […]

Denso logistics center Székesfehérvár

New Denso Logistics Center in Hungary

Sep 20, 2019

Japanese automotive component manufacturer Denso, which has been present in Hungary since 1997, has inaugurated its new logistics center in Székesfehérvár, SW of Budapest . The 17,000-square-meter logistics center is stocked with basic materials used in manufacturing as well as semi-finished and finished products. It comes with an investment of HUF 18.5 billion (some EUR […]

GMD Group plant in Dorog

Production Starts in GMD Group’s Hungarian Plant

Sep 16, 2019

The aluminum casting plant of the French automotive supplier GMD Group is now running on full capacity in Dorog, NW of Budapest. Its construction required an investment of over EUR 65 million, which made the plant the company's most modern and most efficient site in Europe. The investment was executed by GMD Cast Hungary (founded […]

Electrolux plant in Jászberény, E Hungary

Electrolux: Lay-offs and Investment in Hungary

Sep 10, 2019

Following a strategic overview started earlier this year, Swedish home appliances manufacturer Electrolux has decided to initiate a plan to improve efficiency throughout the Group. This Tuesday, the company also announced a plan to outsource parts of its current manufacturing in Hungary and invest in its Nyíregyháza refrigerator plant. The efficiency measures and redundancies related […]

METRO store just outside Budapest

METRO Leases Back Property

Sep 9, 2019

METRO PROPERTIES, the real estate company of METRO AG, sold the real estate of 11 Cash & Carry stores in Poland, Hungary and Czech Republic in a sale-and-leaseback transaction. The portfolio has been acquired by FLE GmbH, Vienna, a subsidiary of the French LFPI Group, investing on behalf of an AIF regulated fund. The transaction […]

Bridgestone tires at its warehouse in Tatabánya

Bridgestone Further Expands its Unit in Tatabánya

Sep 4, 2019

As a second step of Bridgestone's EUR 29.5 million investment project, the Japanese company has raised the warehouse capacity of its factory in Tatabánya by 50%, which now exceeds 600,000 tires. In addition to building a new warehouse, the company has also increased its manufacturing capacity and modernized its artificial intelligence-based tire production machines. As […]

Aldi Supermarket Sign

Aldi Expands IT Service Center in Hungary

Sep 3, 2019

Retail chain ALDI will expand the competence and headcount of its Information Technology service center in Pécs, southern Hungary, the Hungarian Investment Promotion Agency (HIPA) says. The headcount of the center is set to nearly double. The center supports the IT system operations of 3,800 European ALDI stores and 55 logistics centers. ALDI opened its […]

New BAT production line in Pécs

BAT Starts New Production Line in Pécs

Sep 2, 2019

The first production line manufacturing potentially reduced-risk, innovative products has started operation at the British American Tobacco factory in Pécs, southern Hungary. In the framework of an EUR 23.8 million investment, tobacco-free nicotine pouches are soon to be produced on five additional production lines. As a result of the development creating 60 new workplaces, the […]

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