All the European investment, retail, real estate, office and industry news in English language

Wednesday | October 21 | 2020

Budapest

Huawei will set up a research and development center in Budapest

Chinese giant Huawei will set up a research and development (R&D) center in Budapest, Foreign Minister Peter Szijjarto announced on Tuesday,...

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Chinese company Chervon Auto will make a major investment in Hungary, of 17.5 billion forints (48 million euros), Foreign Minister Peter...
MOL completed its new bitumen-rubber plant in Zalaegerszeg, Hungary, after a $ 10 million investment. The plant, built in...
OTP Bank announced on Monday that it has sued the Croatian government to recover losses of about 224 million kuna ($...
The Hungarian government will give up to three million forints ($ 9.693) to each family as help to renovate the house,...
The European Investment Bank (EIB) and MVM Hungarian Electricity Ltd. (MVM) have signed a €120 million loan to modernise and expand the...
Chinese personal computer maker Lenovo will build its first European plant in Hungary, Hungarian Foreign Minister Peter Szijjarto told MTI.

NUMBER BUZZ

10000
houses in Romania are Green Homes certified

SPAR Hungary to expand two distribution centres

SPAR Hungary is expanding by 4.000 m2 its dry goods warehouse and fresh goods delivery area at the SPAR Distribution Centre in...

New Monoštor bridge connecting Slovakia and Hungary, opened for traffic

The new Monoštor bridge connecting Komárom (Hungary) and Komárno (Slovakia) was officially opened for traffic. The new...

SPAR Hungary at its 200 independent retailer store in the country

SPAR Hungary celebrated the opening of its 200th independent retailer store in the town of Kunhegyes, in the northeast.

Residential developer Cordia enters UK market by acquiring Blackswan

Cordia International has acquired UK developer Blackswan. Cordia financed the transaction by using funds collected from...

EPH sells two heat suppliers from Budapest and Prague to Veolia

Czech company EP Infrastructure, part of EPH group, sold its approximately 95.62% share in Budapesti Erőmű...

Hungary: 75% less nights spent by international tourists in July 2020

In July 2020, as a result of the coronavirus epidemic, international tourists spent 75% and domestic tourists 18% fewer tourism nights...

Hungary: Average net earnings were HUF 280,500 in June 2020

In June 2020, average gross earnings amounted to HUF 421,700, 15.6% higher than a year earlier. The...

Hungary GDP down by 13.6% in the second quarter of 2020

The gross domestic product of Hungary went down by 13.6% according to raw data and by...

Wizz Air second UK base at Doncaster Sheffield Airport

Wizz Air announced a new base at Doncaster Sheffield Airport, which will be the second base for...

MOL Group reported USD 152mn net loss for Q1 2020

MOL Group announced its financial results for Q1 2020. Large inventory and foregin exchange losses resulted...

Industrial production decreased by 7.8% in Hungary, in June 2020

In June 2020 the volume of industrial production declined by 7.8% year-on-year. Based on working-day adjusted...

Hungary: Number of tourism nights fell by 75% in June

In June 2020, as a result of the coronavirus epidemic, international tourists spent 93% and domestic tourists 59% fewer tourism nights...

Average gross earnings at HUF 390.000 in Hungary

In May 2020, average gross earnings amounted to HUF 398.800, 9.4% higher than a year earlier. In...

The coronavirus pandemic will put pressure on the revenues of regional and local governments

Moody's Public Sector Europe said in a report that the coronavirus pandemic will put pressure on the...

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TOP 5

eMAG opened the first showroom outside Romania, in Hungary. eMAG Hungary targets sales of € 300 million by the end of 2020...
MOL has chosen Driivz technology to manage its electric vehicle (EV) charging network. Driivz provides a robust...
SPAR Hungary’s Interspar Tata has been named ”Store of the Year” in the hypermarket category by Store Insider magazine. SPAR Hungary...
B+N Referencia Zrt, a property management company, has decided to move into a brand-new workspace in Agora Budapest, HB Reavis project in...
In May 2020, as a result of the coronavirus epidemic, international tourists spent 98% and domestic tourists 86% fewer tourism nights...