Tag: germany

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Hungary's 3rd largest investment project could be a gigantic property deal

March 21, 2019, 5:24 pm
Germany’s Fakt AG is to embark on a one billion euro investment project in western Hungary to create Europe’s most advanced horticultural production processing and logistics centre in Hegyeshalom/Bezenye.... 

German group boosts Hungarian headcount by 30%

March 18, 2019, 9:20 am
Germany’s industrial services specialist Leadec Group hired 150 people in its Győr-based (northwest Hungary) plant, boosting its headcount there by 30%, the company told state-owned newswire MTI... 

One-week strike in Hungary causes major loss for Audi

February 5, 2019, 9:08 am
More than ten thousand cars were never made in Audi AG’s central manufacturing plant in Ingolstadt, Germany due to the one-week strike held at the Hungarian unit of Audi in Győr, northwest Hungary... 

Audi Hungaria signs wage hike deal with union, strike ends

January 31, 2019, 8:51 am
The Hungarian arm of German carmaker Audi has agreed with the Audi Hungaria Independent Trade Union (AHFSZ) on how wages at the company will change in the next 15 months. The agreement signed late on Wednesday... 

Audi's Ingolstadt plant out of commission also on Friday

January 30, 2019, 2:55 pm
As the strike for higher wages continues at Audi’s Hungarian unit in Győr, car production cannot be resumed at the German automotive group’s central plant in Ingolstadt, Germany, either. Production... 

Audi strike in Hungary to end shortly, union faces major decision

January 30, 2019, 9:28 am
There is still no agreement on 2019 wages between Audi Hungaria and the Audi Hungaria Independent Trade Union (AHFSZ), while the one-week at the German carmakers plant in Győr (northwest Hungary) is approaching... 

Audi's Ingolstadt plant stays closed also on Thursday due to Hungarian strike

January 29, 2019, 5:07 pm
The strike continues at Audi’s Győr-based plant (northwest Hungary) which has put production on halt at the German plant in Ingolstadt, as well. Daily Donaukurier has learned that the central factory... 

Clouds over Audi are getting darker

January 28, 2019, 4:28 pm
Wage talks continue between the employer and the employees at the Hungarian manufacturing plant of German carmaker Audi. The stakes are high, given that this unit supplies engines to the concern. The... 

FAG launches EUR 78 mn bearing plant in Hungary

January 17, 2019, 3:27 pm
FAG, part of Germany’s Schaeffler Group, a global automotive and industrial supplier, has set up a 25 billion forint (EUR 77.78 mn) bearing plant in Debrecen, Hungary, creating 500 new workplaces.... 

Another German company to set up shop in Hungary

July 17, 2018, 1:38 pm
Krones AG, a Germany-based designer, developer and manufacturer of processing, packaging and bottling machines and systems, is to build its second European plant in Debrecen, eastern Hungary, Krones Hungary... 

Hungary needs not to fret about drastic German ideas

February 26, 2018, 3:29 pm
The EU Treaty would not let Hungary and Poland to be denied the payment of structural funds beyond 2020 despite concerns over their rule of law deficiencies and refusal to take in refugees. There are two... 

Commerzbank Q4 profit greatly beats expectations

February 8, 2018, 9:11 am
Germany’s Commerzbank recorded way better results in the fourth quarte of 2017 than what the market expected. Chief Executive Martin Zielke said the first year of the bank’s multi-year strategy... 

Hungary's Orbán talks Putin, Merkel, refugees with German paper

January 15, 2018, 2:23 pm
The European Union must help the refugees but you cannot help the world by ruining your own people, Hungary’s Prime Minister Viktor Orbán told German newspaper Welt am Sonntag in an interview published... 

Massive job cuts planned by Siemens may benefit Hungary

October 20, 2017, 8:58 am
Siemens AG is starting what could be its largest round of job cuts in at least two years and may close several sites as part of a reorganization plan, people familiar with the matter said. The downsizing... 

Germany no longer transfers asylum seekers back to Hungary

August 29, 2017, 5:18 pm
For the time being, Germany stopped sending asylum seekers back to Hungary, German press reported on Tuesday. Public television ARD was the first to report that opposition party Die Linke said in a written... 

40 Spar stores sold in Hungary

July 10, 2017, 9:01 am
TREI Real Estate, the real estate investment arm of the Germany’s Tengelmann Group, has sold a portfolio of 40 Spar leased supermarkets to Erste Asset Management in Hungary. This was the largest... 

Bosch sells Starter and Generator business to Chinese consortium

May 3, 2017, 8:26 am
China’s Zhengzhou Coal Mining Machinery Group (ZMJ), an industrial group that produces auto components and coal mining machinery, and CRCI (China Renaissance Capital Investment), a private equity... 

Angela Merkel warns Hungary's Orbán in clash over CEU

April 6, 2017, 8:51 am
German Chancellor Angela Merkel’s government warned Hungary against obstructing democracy with a law that threatens to shutter Central European University, founded by George Soros, renewing tension... 

Angela Merkel sends message to Hungary's Orbán

January 27, 2017, 2:06 pm
“The European Union is facing serious internal and external challenges that we can only master by working," German Chancellor Angela Merkel said in Berlin on Friday after meeting French President... 

German Vice-Chancellor Gabriel condemns corporate tax cut in Hungary

December 19, 2016, 6:13 pm
Germany’s Vice Chancellor Sigmar Gabriel has spoken out against the economic policy line adopted by “certain Eastern European countries" that seek to improve economic competitiveness by lowering... 
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