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 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 […]
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 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 […]
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 […]
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. […]
Wallis Automotive Europe, a subsidiary of AutoWallis Plc., has obtained the exclusive importer rights of Jaguar Land Rover vehicles and spare parts in a new country, this time in Hungary. Based on the outcome of the international tender, Wallis Automotive Europe will start selling Jaguar and Land Rover vehicles in the Hungarian market from April, […]
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 […]
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 […]
Hungary’s fifth-generation (5G) network will be built by Huawei, Vodafone and Deutsche Telekom, new portal portfolio.hu 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 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, 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 […]
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 […]
The second phase of Samsung SDI’s Hungarian investment with the construction of new buildings at the company’s business site in Göd, north of Budapest, is now completed. The second phase will yield 1,200 new jobs and a significant increase in the plant’s battery cell production. The Korean company invested EUR 1.2 billion to expand the […]
The UPC brand currently used by Vodafone Hungary will be phased out from the Hungarian market from April, hwsw.hu 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 […]
