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11th April, 2024

Russian retailer Mere now recruiting



Russian discount chain Mere has already set up a subsidiary in Hungary, TS Retail, with 11 employees, and is recruiting more, Telex reports, citing a Linkedin advertisement.

The owner of TS Retail is Hung Trade Beograd, founded in Belgrade last year.

The owners of the company are the same as the owners of Mere in Russia: 79% Sergey Schneider; 15% Andrej Schneider; and 6% Valery Yakovlev.

Mere is looking to hire procurement managers for a net salary of Ft 500,000 plus commission, depending on sales volume.

The company promises that it will be 20% cheaper than its competitors, but a smaller number of products compared to other chains will be available.

Goods will not be displayed and stored on shelves, but on pallets. (telex.hu; portfolio.hu; forbes.hu)
11th April, 2024

E.ON building big solar farm for BMW



BMW Group Gyar Debrecen and electricity distributor E.ON Hungaria have signed a co-operation agreement on building a 50-hectare solar farm near the future BMW factory in the city, the companies announced yesterday.

Chairman and CEO Hans-Peter Kemser of BMW Manufacturing Hungary said the largest photovoltaic system of the BMW Group will be established in the factory, one of the largest such investments in Hungary.

The 43MW farm will consist of 320,000m2 of solar panels, of which 187,000m2 will be perched on the roofs of the factory buildings and the rest on the ground.

The farm will start generating energy –enough for the needs of 20,000 households – in November 2025, when the factory is due to start production.

E.ON will not only build but will operate the solar farm, said vice-president Zsolt Jamniczky. (portfolio.hu)
11th April, 2024

4iG proposes debt settlement plan for Spacecom



The board of directors of 4iG has presented a plan to settle the debts owed by Space Communications (Spacecom), an Israeli company in which it owns a 20% stake, the Hungarian IT firm said on Wednesday.

If the new proposal is accepted, 4iG will purchase the Amos-17 satellite owned by Spacecom for $150 million, which Spacecom will then lease back from 4iG.

Another possibility is that 4iG will provide the $150 million to Spacecom as a loan.

4iG increased its stake in Spacecom from 9.5% to 20% via a capital increase in February 2023.

It has an option to buy an additional 31% within three years if the Israeli government and shareholders approve.

Spacecom operates the Amos 3 satellite, providing services in Hungary’s region on a geostationary orbit until 2024, after which Hungary can control the satellite’s geostationary orbit and frequency. (portfolio.hu)
11th April, 2024

Triton sells dialysis unit to the state



The government will buy TritonLife Dialysis Centre for Ft 5.4 billion, in line with a non-public decision, HVG learned on Wednesday.

TritonLife purchased the medical service provider, then called FMC Dialysis Centre – which exclusively carried out state orders –from a German company in April 2023.

The staff were apparently unaware of the sale until the end of last week, when the change was announced at a meeting with immediate effect, HVG adds.

FMC suffered a loss of Ft 1.5 billion from Ft 11.3 billion in revenue in 2022.

B. Braun is the leader in Hungary’s dialysis market with a 40% share, followed by TritonLife with 35%, and Swedish company Diaverum with 12%. The state has the remaining 13%. (hvg.hu; telex.hu)
11th April, 2024

Insurance agents sign pact with VOSZ



Insurance consultants’ association MBTSZ has signed a co-operation agreement with small business employers’ association VOSZ, the insurance agent group said on Wednesday.

The joint project is designed to increase the insurance awareness of the small business sector, while expanding the sector’s knowledge of insurance consultants.

Erik Keszthelyi, president of the MBTSZ, founded in January, said the association aims to take an active role in raising the prestige of the consulting profession, in part by improving insurance consultants’ business development knowledge. (hirado.hu; portfolio.hu)
11th April, 2024

Magyar Posta opens lottery points



State postal service Magyar Posta has teamed up with Szerencsejatek to open gaming sales points, state gaming company chairwoman and CEO Andrea Mager announced at the opening of the first such point in Nyiregyhaza on Wednesday.

Separate tellers will be designated to handle gambling matters in the 20 most frequented locations.

Magyar Posta chairman and CEO Barnabas Balczo added that the company has expanded its sales agency programme in line with a new strategy adopted last year to offer a broad range of services and products, in addition to traditional postal services. (novekedes.hu; atv.hu)


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