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Company briefs

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Audi Hungaria Closes 2019 with Excellent Production Results

Jan 16, 2020

Audi Hungaria ended 2019 with a high production result despite challenging conditions: last year, more vehicles rolled off the assembly line in Győr, NW Hungary than ever before. In addition, the company produced over 90,000 e-motors a year after production started. At the same time, 2019 saw the start of the serial production of the […]

OTP Bank Completes Slovenian Acquisition

Dec 17, 2019

Hungary’s largest bank, OTP Bank Plc. has announced that the financial closure of its Slovenian transaction has been completed. As a result, OTP Bank has become 99.73% owner of SKB Banka, the Slovenian subsidiary of Societe Generale Group and other local subsidiaries held by SKB Banka. With a market share of nearly 9%, SKB Banka […]

Suez Water Technologies and Solutions Hungary Ltd. CEO Yuvbir Singh

Water Purification Factory Expanded in Oroszlány

Dec 10, 2019

French company Suez is expanding its water purification membrane factory in Oroszlány, west of Budapest with an investment of HUF 9.6 billion, creating 85 new jobs. As the Hungarian Minister of Foreign Affairs and Trade, Péter Szijjártó stressed at the announcement of the investment in Budapest, the products of the Oroszlány plant are already used […]

Audi starts mild-hybrid production in Győr

Audi Starts Mild-Hybrid Car Production in Győr

Dec 5, 2019

Audi Hungaria has begun the serial production of the Q3 and Q3 Sportback models with Mild Hybrid Electric Vehicles (MHEV) powertrain in Győr, NW Hungary. Both models feature a 1.5-liter TFSI engine, also made in Győr, in collaboration with a 48-volt on-board system and a Riemen-Starter-Generator (RSG). The production line had been prepared for the […]

Messer gas production facilities at the site of MOL Petrochemicals

Messer Builds Plant for MOL in Hungary

Dec 4, 2019

Messer Hungarogáz Ltd., member of the Germany-based supplier of industrial gases Messer Group GmbH has signed a contract for the construction of a new on-site facility with MOL Petrochemicals, a member of Hungary's MOL Group. A statement by the Messer Group says that the plant will supply nitrogen and instrument air for a new polyol […]

Rába Holding Utilizes Immovable Property

Dec 4, 2019

Following preliminary negotiations Rába Automotive Holding Plc. received an offer from one of Europe’s leading multinational trading companies to buy a part of its immovable property in downtown Győr. The part of the area known as Városrét, dedicated for commercial use, is going to be utilized as a result of years of preparatory work and […]

Lufthansa Systems Opens New Division in Hungary

Nov 28, 2019

Lufthansa Systems Hungária will open a new division at its base in Szeged, southeastern Hungary, specializing in the development and testing of software used in the aviation industry, state news agency MTI reported.The division will initially employ 10-15 IT professionals but the company plans to increase headcount by 15-20 employees every year. Lufthansa Systems started […]

BUD Airport Cargo City

Cargo City Opened at Budapest Airport

Nov 25, 2019

Just twelve months after commencement of works on site, BUD Cargo City has been handed over at Budapest Liszt Ferenc International Airport. The EUR 50 million facility is not only a world-class logistics base but also a catalyst, enabling Hungary and Budapest Airport to become the cargo gateway of Central and Eastern Europe, according to […]

Export-driven Growth at Security Printing Company

Nov 20, 2019

9% net sales growth, nearly HUF 10 billion export sales, 37% export ratio – these are the main numbers characterizing the business results of Hungary’s ANY Security Printing Company PLC. In the first nine months of 2019, according to a report published on the website of the Hungarian Stock Exchange where the company is listed. […]

GSK vaccine plant in Gödöllő

Vaccine Manufacturing Volume Increases in Gödöllő

Nov 14, 2019

As a result of the latest development of GlaxoSmithKline (GSK), the operations of its Hungarian factory in Gödöllő, east of Budapest have been extended to manufacture diphtheria and tetanus vaccine components for a new area of application. GlaxoSmithKline was established in 2001 by the merger of GlaxoWellcome, a company with a century-long history, and SmithKline […]

Wizz Air Signs Partnership Deal with Sixt

Nov 11, 2019

Budget airline Wizz Air announced that it has entered into a partnership agreement with car rental firm Sixt, with the deal covering 44 countries worldwide. The cooperation will allow Wizz Air passengers to reserve cars through the air carrier’s mobile app. The car rental company will join Wizz Air’s credit program as a result of […]

Huawei to Take Part in Building Hungary’s 5G Network

Nov 5, 2019

Hungary’s fifth-generation (5G) network will be built by Huawei, Vodafone and Deutsche Telekom, new portal reports, citing Minister of Foreign Affairs and Trade Péter Szijjártó. Hungary does not differentiate between companies based on their country of origin, Szijjártó said at the International Economic Forum organized in Shanghai. The U.S. government seeks to bar the […]

MOL Buys Stakes in Azeri Oil Field and Pipeline

Nov 4, 2019

MOL today signed an agreement with Chevron Global Ventures and Chevron BTC Pipeline to acquire their non-operated exploration and production as well as mid-stream interests in Azerbaijan for USD 1.57 billion (subject to adjustments at closing), the Budapest-based company said in a press release. The deal includes a 9.57% stake in the Azeri-Chirag-Gunashli (“ACG”) oil […]

Mastercard Advisors to Move Regional Center to Budapest

Oct 22, 2019

Mastercard Advisors, a strategic consulting division of Mastercard, is moving its European headquarters to the Hungarian capital and plans to increase the number of consultants to one hundred over the next few years. The recruitment process is already underway, the company told the Hungarian news agency MTI Tuesday. Endre Eölyüs, Managing Director for Hungary and […]

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