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Company News April 20

Daimler Most Attractive Employer in Hungary

German carmaker Daimler’s unit in Kecskemét (92 km southeast of Budapest) is the most attractive employer in Hungary, according to a survey by staffing company Randstad. Runner-up was U.S. IT company IBM, with German engineering giant Bosch in third place. German carmaker Audi was presented with a special acknowledgement for being named Hungary’s most attractive employer on three occasions in the past five years. The survey showed that remuneration is still the most important consideration for employees, followed by working environment and job security.

Kravtex to Double Manufacturing Capacity

Kravtex-Kühne group will soon launch a HUF 2 billion capacity expansion program in Mosonmagyaróvár (165 km northeast of Budapest) and Győr (124 km northeast of the capital), reported. The program will include construction and technological developments. Kravtex will use its own funds to expand the production halls by 4,000 sqm and 1,000 sqm, respectively. In 2018 and 2019 the new Credobus models will be launched. Since 2015, Kravtex has delivered 500 Credobuses to public transport service providers. The current developments are supposed to increase the volume of production dynamically. The government intends to renew the fleet of public transport companies using vehicles produced in Hungary.

FHB Bank Changes Name

The National Bank of Hungary has approved the request of FHB Kereskedelmi Bank to change its name to Takarék Kereskedelmi Bank Zrt. as of April 16, 2018, and of FHB Jelzálogbank to change its name to Takarék Jelzálogbank Nyrt. as of April 25, reported. The Takarék Csoport has announced that the name change of Takarék Jelzálogbank Nyrt. is on the agenda for approval by the shareholders’ meeting to be held on April 27. The two banks are also changing their image. FHB updated its website last weekend. The process of integration of FHB into Takarék Csoport has been ongoing since 2015. Takarék Csoport now has a 6.5% market share, which makes it the fourth biggest bank group in Hungary. The number of branches Takarék Csoport operates has increased by 50% in Budapest.

Hungarian Company Ranked High in FT 1000

The Financial Times has released its complete list of Europe’s fastest-growing companies. The FT 1000 lists the companies in 31 European countries that have achieved the highest compound annual growth rate in revenue between 2013 and 2016. Technology remains the best represented sector, contributing 155 companies to the list, with a food delivery company topping the list for the second year in a row: U.K.-based Deliveroo takes the place of Germany’s HelloFresh. The list also includes a Hungarian company started eight years ago, Supercharge, ranked at 103rd. With a compound annual growth of 1,124%, Supercharge Kft. is Hungary’s fastest-growing company, and one of the top ten at regional level, the company said in a press release sent to the Budapest Business Journal. Supercharge, started in 2010 by Hungarian students, offers digital products that make everyday life easier. Its clients include OTP Bank, Santander Bank and it has offices in Budapest and London.

Budget Magyarország to buy 350 Vehicles

Budget Magyarország will be acquiring 350 new vehicles at a cost of EUR 5.5 million by the beginning of summer, the car rental company told the Hungarian news agency MTI. The number of vehicles in Budget Magyarország’s fleet will climb to almost 1,000 as a result. The car rental company had a 9% market share in the first quarter but expects íto reach 12.5% by yearend. Hungarian car rental companies’ combined revenue came to HUF 23.9 billion last year, data from Euromonitor shows.