Some go willingly as Nokia shrinks
With the dismissal of 200 employees this week, the Hungarian affiliate of mobile equipment manufacturer Nokia completed the mass layoff of 2,300 people. The Finnish company announced in February that[…]
With the dismissal of 200 employees this week, the Hungarian affiliate of mobile equipment manufacturer Nokia completed the mass layoff of 2,300 people. The Finnish company announced in February that[…]
Among regional competitors the Hungarian insurance market has been through the biggest setback since 2010, insurer Aegon’s regional director András Kepecs has said in an interview with website index.hu. “After[…]
Financial institutions have designated 2,866 homes for foreclosure in the third quarter of the year, 10 per cent fewer than in the previous quarter, the State Financial Supervisory Authority (PSZÁF)[…]
The second segment of the Heart of Budapest programme will continue this year with the renovation of Március 15 Square’s southern side. Works will include a wider pedestrian area and[…]
Machinery-parts manufacturer Hantech has inaugurated a HUF 150 million (EUR 528,000) plant in Csorna in western Hungary, to mainly produce for export to Germany. The Hungarian firm went without government[…]
The majority-owner savings cooperatives in Takarékbank approved the sale of a 38 per cent stake by German DZ Bank to state-owned Hungarian National Development Bank at an extraordinary general meeting[…]
German food-processing company Dr. Oetker will construct a HUF 1 billion (EUR 3.52 million) three-storey plant and refurbish the energy systems in Jánossomorja, doubling capacity.
Hungarian property developer Trigranit and the Chinese city of Putian, population 2.8 million, have signed a letter of intent to construct a new city centre and leisure complex. Trigranit said[…]
German drug-store chain Müller opened its EUR 10 million logistics centre in the border town Letenye, near Croatia, on Sunday. The 18,000-square-metre unit will serve the Hungarian, Croatian and Slovenian[…]
Chinese multinational networking and telecommunications equipment manufacturer Huawei is planning to expand its capacity in Hungary and is working on bringing a part of the production of one of its[…]