Online retailing achieved a gross turnover of HUF 631 billion in the first half of this year, 8.8% more than in the same period last year, according to the digital retailing survey by market research company GKID and Mastercard. The summary, says web sales grew 7.7% in the first quarter and 9.8% in the second […]
Waberer's International is to acquire a 55% stake in Serbian distributor MD International and an option to buy the remaining 45%, the company announced on the Budapest Stock Exchange (BSE) website on Friday. The purchase price of the transaction was not disclosed. According to the statement, MDI is a major player in the Serbian FMCG […]
In a strategic move to secure Hungary's support for increased financial assistance to Ukraine and the initiation of membership talks for Kyiv, the European Union is contemplating the release of frozen funds worth billions of euros, sources within the EU have revealed. The European Commission is currently preparing to unfreeze substantial EU funds allocated to […]
Goodwill Pharma Plc. is investing more than HUF 3.5 billion in capacity expansion in Szeged with EU support. The company, which manufactures and distributes dietary supplements and pharmaceuticals, has received HUF 1.766 billion in conditional reimbursable funding from the Hungarian Multi Program (MMP) of the Economic Development and Innovation Operational Program plus (Ginop plus). The […]
One of the world's largest biotechnology companies and Hungary's first university have concluded a cooperation agreement in Pécs, S Hungary. The contract was signed by Roche Hungary Ltd. CEO Raffaella Claudia Bondi, the Commercial Director of Roche's Diagnostics Division, Adrienn Kiss and the Rector of the University, Professor Attila Miseta. Roche Magyarország Ltd. is a […]
Nestlé Hungária Ltd.’s capacity extension investment worth HUF 90 billion was celebrated in Bük this Thursday, marking the latest development of the Swiss company’s Hungarian operation. The project is expected to create 280 new jobs. Nestlé’s presence in Hungary comprises of its Budapest HQ and three plants in Szerencs, Diósgyőr and Bük. The latter site, […]
The retail store chain Penny opened its 230th Hungarian store in Budapest, in the X. district, the company informed MTI on Thursday. The store, with almost 400 square meters of retail space, will employ 15 new workers. The store is located at one of the busiest junctions in the district. In a statement, the chain […]
Hotel Indigo and Holiday Inn Express have signed an agreement with the real estate development firm WING at EXPO Real 2023 for the arrival of two hotel brands in Budapest. In the city’s sixth district, Hotel Indigo Budapest Andrássy will open in the second quarter of 2028, with 103 guest rooms, a bar and a […]
Accor is to open an ibis Styles hotel in Debrecen, E Hungary in 2025, thanks to an agreement with the Xanga Group, one of the largest investment and development groups in Eastern Hungary. It will be the first hotel in the immediate vicinity of Debrecen International Airport, the hotel operator told MTI on Thursday. According […]
SAIC Motor and the AutoWallis Group have signed an agreement under which the Hungarian company will become the MG brand's parts distributor in 13 countries of the region, the Hungarian company told MTI on Thursday. With the agreement, AutoWallis will further strengthen its international presence and enter Greece. In the countries concerned (Hungary, Albania, Czech […]
Liv Hospital Group, Turkey's leading private hospital chain, will take over the operation of Duna Medical Center, which plays a prominent role in private care, the Turkish-backed company’s announcement is quoted by the financial website portfolio.hu. The facility will continue to operate under the name Liv Hospital Duna Medical Center (Liv Hospital DMC) as the […]
Swiss-owned Omya HungariaLtd. celebrated the inauguration of its brand new agricultural granulation plant in Eger thanks to a EUR 41.5 million investment (of which HUF 260 million is state subsidy). The most advanced plant in the company’s network is set to supply farmers in Hungary and surrounding countries. Omya's predecessor was founded in Switzerland in […]
Melecs GmbH celebrated its latest development at its site in Győr, NW Hungary by inaugurating a new production hall. The investment worth EUR 12 million includes not only the extension of the production area and capacities but also the making of new products and production-related infrastructure development. As a result, 120 new jobs are expected […]
Condé Nast Traveler, one of the world's most respected travel magazines, today announced the winners of this year's Readers' Choice Awards, which include the world's best hotels, cruises, countries, cities, resorts, trains, airlines, airports, spas, islands, luggage brands, villas and tour operators. This year, Aria Hotel Budapest was again ranked in the top 5 among […]
Swiss Krono, a leading supplier of wood-based materials has announced to build a plywood plant in Vásárosnamény, NE Hungary, for EUR 23.7 million with the aim to produce a new item of the Group’s product portfolio. The project is expected to create 90 jobs, according to the Hungarian Investment Promotion Agency. The Swiss Krono Group, […]
