The first aluminum double-decker car body produced at the Szolnok (E Hungary) facility of the Swiss manufacturer of railway rolling stock, Stadler, was unveiled at 15th anniversary of the facility this Friday. This milestone was achieved as part of an EUR 45.2 million investment launched in 2023, enabling the Szolnok plant to become the largest […]
Hungarian inflation surged in December, with rising fuel and food costs driving consumer prices beyond expectations. The increase presents challenges for monetary policy and has stoked concerns over perceived inflation, as sharp price hikes in key items weigh on household budgets. The Hungarian Central Statistical Office (HCSO) reported a 4.6% annual increase in consumer prices […]
BMW's sales will be boosted next year by a new product portfolio, and the Hungarian importer expects the innovative Neue Klasse model, which will be launched in the second half of the year and will be produced at the German carmaker's new plant in Debrecen, to play a major role in this. Zoltán Gombos, Managing […]
Never before has the volume of traffic in Hungary's airspace been as high as in 2024, with HungaroControl's experts handling more than 1.1 million aircraft in the year, almost 6% more than in the previous year, the Hungarian air traffic service provider told MTI on Thursday. According to the information, the year 2024 brought the […]
Ho Taek Lim, as an experienced manager with many years of experience, took over as Managing Director of the Hankook Tire factory in Rácalmás. He was appointed to the position from December 1, 2024, after the retirement of Hyung Yun Kim, the company has announced. “Having already worked here at the site in the past, […]
Although people are becoming more financially aware, stress caused by financial challenges is still present among those in worse than average financial situations, according to a survey by Provident Financial Ltd. With January typically a time when people are faced with the reality that holiday spending has depleted their resources, the company is highlighting that […]
The building construction general contractor Belotti Ltd. has built a factory hall and installed a new production line for the serial production of innovative products, mainly for the production of industrial floors in Szekszárd, south-central Hungary, the company told MTI. The HUF 320 million investment was implemented with 50% support from the Economic Development and […]
The year 2024 was balanced and successful for Hungary's investment promotion efforts, with partners arriving from 19 countries across three continents, record-breaking number of Hungarian projects, and a significant share of investments in the field of the highest added value activities, Government Commissioner and CEO of the Hungarian Investment Promotion Agency (HIPA), Mr. István Joó […]
The AutoWallis Group sold close to 8% more vehicles in 2024 compared to 2023, marking yet another strong year, the company announced on the website of the Budapest Stock Exchange. The number of vehicles sold by the group increased by 7.7% to reach 48,386. The Retail Business Unit saw the greatest increases, growing new vehicle […]
As the last element of the Mátranovák 2030 development program, a logistics hall worth HUF 600 million will be built in Mátranovák, NE Hungary with the total development program worth HUF 6 billion. Alstom's Mátranovák site will provide one third of the Group's railway bogie manufacturing capacity, the rolling stock manufacturer company told MTI on […]
Gedeon Richter has announced positive topline results from Phase I and Phase III clinical studies for its proposed biosimilar to RoActemra® tocilizumab that has the development code 'RGB-19'. The Hungarian pharmaceutical firm points out in a statement on the webiste of the Budapest Stock Exchange that Phase I clinical study evaluated the equivalence of pharmacokinetics […]
Ford has maintained its 15-year leading position in the Hungarian commercial vehicle market: in 2024, it sold 9,253 new vehicles, reaching a 27% market share, the company informed MTI in a statement. The brand is strong across the entire market and all segments, with dealerships in Hungary selling 14,128 new Fords in 2024, resulting in […]
The volume of industrial production lagged behind by 4.2% in November 2024, production, based on working-day adjusted data lessened by 2.9%, year-on-year, the Central Statistical Office reports. Production has been attenuated in the great majority of the manufacturing subsections, most of all in the manufacture of transport equipment. According to seasonally and working-day adjusted data, […]
Residential and public buildings were evaluated on the basis of sustainability criteria in the first Sustainable Building Envelope competition, the organizers told MTI on Monday. The best residential building was the Emilia House in Diósd, designed by Bálint Bakos, Péter Kosik and Máté Molnár, and built by the Equinox International architecture firm. Among the new […]
Egis Pharmaceuticals Plc. has acquired one of Teva Pharmaceuticals Plc.'s well-known product family for skin application, following the approval of the competition authority, the pharmaceutical manufacturer informed MTI on Monday. According to the statement, the takeover of the distribution and promotion of the product line began on December 17, 2024, and the parties sought to […]
