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• Business

  Intellitext startup incubator seeks hardware development projects

  

  Intellitextʼs startup accelerator program is looking for startups with potential for international success in their early or seed phase, operating preferably, but not exclusively, in the field of hardware development, according to a press release sent to the Budapest Business Journal.

   Tue, Sept. 18, 2018, 13:29

  • Intellitext
  • incubator
  • hardware
  • startup
  • development
  • innovation
• Real Estate

  Futureal inks EUR 150 mln loan agreement for Etele Plaza

  

  A loan contract of EUR 150 million has been concluded between real estate developer and investor Futureal Group and a consortium led by UniCredit acting as bookrunner and facility agent, with UniCredit and Erste Group set to finance the Etele Plaza mall in equal parts, according to a press release sent to the Budapest Business Journal.

   Tue, Sept. 18, 2018, 12:45

  • Loan
  • Etele Plaza
  • Futureal
  • UniCredit
  • Erste
  • development
  • mall
• Business

  Continental lays cornerstone of 7th plant in Hungary

  

  German automotive manufacturer Continental laid the cornerstone of a EUR 100 million plant in Debrecen (Hungaryʼs second city, some 231 km east of the capital) on Monday, creating 450 new jobs, according to a press release sent to the Budapest Business Journal.

   Tue, Sept. 18, 2018, 12:40

  • Continental
  • automotive
  • plant
  • transmission
  • sensor
  • Debrecen
• Analysis

  Scope: Hungary’s economic strength offsets danger of EU isolation

  

  Despite the growing risks of Hungaryʼs political isolation from European allies due to the politics of the present Orbán government, the Hungarian economy is shielded by “robust growth” and “well-managed public finances,” says German rating agency Scope Ratings.

   Tue, Sept. 18, 2018, 12:18

  • Scope Ratings
  • economy
  • EU
  • isolation
  • political
  • Article 7
  • European Parliament
• Finance

  ÁKK sells HUF 68 bln of 3-month bills, over plan

  

  The Government Debt Management Agency (ÁKK) sold HUF 68.0 billion of three-month discount T-bills at auction on Tuesday, raising its original offer by HUF 18.0 bln on strong demand from primary dealers.   

   Tue, Sept. 18, 2018, 11:40

  • akk
  • t-bill
  • auction
  • yield
• Business

  Maform signs major deal with Japanese auto producer Phiaro

  

  Hungarian industrial design studio Maform Design, the company behind the redesign of the Samsung Galaxy Gear Edge smartwatch, as well as the creation of the Modulo city bus and the Velo class bicycle counter, has announced an exclusive partnership with the Japanese Phiaro Group. 

   Tue, Sept. 18, 2018, 11:00

  • Maform
  • Phiaro
  • design
  • deal
  • Japanese
• Finance

  Revenue from payment services up 5% in Q2

  

  Hungarian financial institutions’ revenues from providing payment services amounted to HUF 253 billion in the second quarter of 2018, up 5% from Q2 2017, the National Bank of Hungary (MNB) said in a quarterly report, according to state news agency MTI.

   Tue, Sept. 18, 2018, 10:30

  • Revenue
  • payment services
  • report
  • MNB
• Business

  Rehau-Automotive lays cornerstone of HUF 40 bln bumper plant

  

  The government has concluded a strategic partnership agreement with the Swiss Rehau Group, providing HUF 7.1 billion in non-returnable funding towards the establishment of the company’s second production plant in Hungary.

   Tue, Sept. 18, 2018, 09:00

  • rehau
  • automotive
  • plant
  • investment
  • Szijjártó
• Business

  Ford opens new service center in Budapest

  

  U.S. carmaker Ford opened a regional service center in Budapest last Friday. The new Budapest SSC is Fordʼs biggest European administrative center, Minister of Foreign Affairs and Trade Péter Szijjártó noted at the opening.

   Tue, Sept. 18, 2018, 08:30

  • ford
  • service center
  • SSC
  • Budapest
  • Szijjártó
• Business

  PwC Hungary acquires data mining company

  

  Professional services firm PwC Hungary has acquired Data Solutions Kft. after working together for years. The services of the latter company are mostly focused on predictive analysis and data mining, as well as creating and analyzing data repositories and data markets.

   Mon, Sept. 17, 2018, 16:38

  • PwC
  • data mining
  • IT
  • acquisition
  • Data Solutions