Within the framework of the international E.ON Group's ultra-fast charger installation program, the company has planned to install more than 1,000 ultra-fast charging points with a capacity of 150 kilowatts (kW) in nine European countries. Two of these charging stations were inaugurated in the parking lot of an Aldi supermarket in Székesfehérvár as the first […]
Intersnack Hungary Ltd., the manufacturer of Chio snack products, has invested HUF 1.5 billion in a new automatic packaging system at its factory in Győr, NW Hungary. Intersnack Hungary said that the new machines are part of the company's consistent development over the past 10 years. The company has invested nearly HUF 4.5 billion in […]
Key new facilities at BorsodChem Plc.’s site in Berente have been officially inaugurated as part of developments that started in 2019. The latest projects that added major production capacities and an on-site power plant to the chemical company’s operation were implemented for EUR 400 million. A member of the Chinese Wanhua Group, BorsodChem manufactures plastic […]
The inauguration of a fully automated high bay warehouse with increased co-pack capacity marked the completion of Unilever’s two-phase investment in a total amount of EUR 60 million in Nyírbátor, NE Hungary. Thanks to the capacity extension, potential output can soar by some 70%. For over 30 years, Hungary has been a very important manufacturing […]
Industrial producer prices rose by 11.2% on average in Hungary in May 2023 compared to one year earlier, the Central Statistical Office reports. Domestic output prices were up by 36.5% and non-domestic output prices lessened by 1.1%. The large difference was primarily due to the domestic output prices of energy industry – producing goods basically […]
Hungarian lawmakers will vote on Sweden’s NATO accession bid after parliament’s summer recess the earliest as the issue has not been put on the agenda of the last session before the summer break. Hungary is the only EU member state not to ratify Sweden’s bid after the latter’s criticism of eroding democratic values and a […]
The Eötvös Loránd University (ELTE) of Budapest and the Japanese instrument manufacturer JASCO Corporation have signed an agreement aimed at the development of the pharmaceutical industry, it was announced at the event of the University's Innovation Center's Territorial Innovation Platform (TIP) in the Hungarian capital on Thursday. Balázs Hankó, Minister of State for Innovation and […]
The business sentiment index regularly measured by the National Bank of Hungary (MNB) rose to -8 points from -10 in the previous month, the institution has reported on its website. The current situation index rose from -28 to -23 points in May, while expectations fell from +9 to +7 points, the lowest in 5 months. […]
The Hungarian construction material manufacturing company MASTERPLAST Plc. has informed investors that this Wednesday, it signed a joint document with the Polish firm Selena FM S.A. to implement an investment in the production of glass wool in the framework of a strategic cooperation. According to the statement, Selena FM S.A., a globally experienced Polish manufacturer […]
The general meeting of Zwack Unicum Plc. decided to pay a dividend of HUF 1,700 (about 9.5%) per share, totaling HUF 3.460 billion, the company announced on the website of the Budapest Stock Exchange (BSE) on Wednesday. At Wednesday's meeting, shareholders approved the company's financial statements for the 2022-2023 financial year. Zwack Unicum Plc's gross […]
Chinese electric car maker BYD is to invest HUF 10 billion to set up a battery assembly plant in Hungary, according to a statement by the Hungarian Ministry of Foreign Affairs and Trade. The company will further increase its presence in this country by building a plant in Fót, just NE of Budapest, to assemble […]
The Bosch Rexroth Innovation Experience Center (Bosch CU.BE - Customer Benefits) was opened this Wednesday in Budapest, MTI reports. Thomas Ilkow, Head of Bosch Rexroth's Eastern Europe and Middle East Sales Region, stressed the importance of innovation at the opening ceremony and pointed out that the Innovation Experience Center in Budapest helps to foster creativity, […]
A quarter of Hungarians have no money left at the end of the month, and a quarter of the population are unable to save throughout the year. The financial situation of the Hungarian population has deteriorated slightly over the past year, according to a representative survey of 500 people by age, gender and region conducted […]
A significant proportion of company managers see sustainable operations as a value, not just a cost, K&H told MTI on Tuesday. According to their survey, environmental impact remains an important aspect in companies' assessments, despite the fact that it has been somewhat overshadowed by economic difficulties. The largest companies are particularly active, with 54% of […]
The National Bank of Hungary (MNB) is announcing the Green Financial Science Talent Award, the International Green Financial Science Lifetime Achievement Award and the Green Financial Science Research Initiative for the third time, the central bank told MTI on Tuesday. The call was launched to promote environmental sustainability and recognize outstanding green finance research achievements. […]
