Major electrolyte producer KunlunChem is set to expand the traditional chemical industry in Szolnok with a low-energy factory by an investment exceeding EUR 100 million, according to the Hungarian Investment Promotion Agency (HIPA). The Chinese company’s greenfield investment builds upon a strong tradition, as the largest chemical plant of the region, the Tiszamenti Vegyiművek was […]
In ten years, Magyar Suzuki Plc. has produced one million units of the Vitara model. The 1,000,000th Vitara with a GLX sunroof was completed this Friday at the Esztergom factory, the company told MTI. The Vitara is currently Hungary's most popular passenger car, the company's communications manager Zsuzsanna Bonnár-Csonka said. She recalled that the start […]
Budapest-based ANY Security Printing Company Plc.'s net sales for 2024 increased by 27% year-on-year to more than HUF 70.5 billion, the company announced on the website of the Budapest Stock Exchange. Among strategic products, card production and personalization sales grew 50% compared to 2023, while sales of security products and solutions increased 25%. Export sales […]
The airport of the Hungarian capital, currently known as Ferenc Liszt International Airport, was opened to the traveling public on May 7, 1950. The facility, which initially handled 50,000 passengers a year and now serves the same number a day, broke all previous records and handled 17.6 million passengers in 2024. A statement by the […]
OTP Bank's consolidated adjusted adjusted profit after tax for the last quarter of last year was in line with the average expectations at HUF 249.735 billion, 17% higher than in the same period of the previous year, according to a statement published on the website of the Budapest Stock Exchange (BSE) on Friday morning. The […]
French President Emmanuel Macron is seeking to strengthen EU unity on Ukraine, but Hungarian Prime Minister Viktor Orbán remains opposed. Meanwhile Brussels is preparing to bypass Hungary as it seeks funding to sustain support for Kyiv and strengthen its defense capabilities. Hungarian Prime Minister Viktor Orbán traveled to Paris for discussions with French President Emmanuel […]
The new Ukrainian Ambassador to Hungary, Fedir Sandor officially took office this Thursday after presented his credentials to the President of the Republic, Tamás Sulyok, in the Hungarian capital. Fedir Sandor is a professor at the Uzhhorod National University, but since the beginning of the current Russian invasion of Ukraine, he has been a soldier […]
The more successful Hungarian companies are abroad – anywhere in the world, but primarily in the Carpathian Basin – the stronger the Hungarian economy will be, Levente Magyar, Parliamentary State Secretary of the Ministry of Foreign Affairs and Trade, said on Thursday in the Transylvanian village of Comuna Moldovenești (in Hungarian: Várfalva), at the inauguration […]
Intersnack Hungary Ltd. handed over an HUF 8 billion self-financed capacity increase investment at its Győr plant in NW Hungary this Thursday. Dénes Lukács, the company's managing director, said that the investment will make oven-baked crisps, which contain 70% less fat than conventional products, available in Hungary. The product will be launched not only in […]
Shopper Park Plus Plc. (SPP) has made a public announcement on the website of the Budapest Stock Exchange relating to the closing of the acquisition process of a Tesco-anchored Slovakian portfolio. The statement says SPP has previously published information on the details of the transaction in several announcements between October 10 and December 19, 2024). […]
The U.S. Embassy in Budapest has announced that senior diplomat Robert Palladino will assume leadership as Chargé d’Affaires, ad interim, effective March 7. According to the statement, Robert Palladino will lead the Budapest Embassy’s engagement with the Hungarian government and people on behalf of the Trump Administration and the Secretary of State, pending the nomination […]
This year, seven Hungarian companies have been included in the Financial Times' (FT) list of Europe's 1,000 companies ranked by their growth, the British business daily told MTI on Tuesday. A1 Solar was ranked the top Hungarian company in the FT1000, with the photovoltaic systems provider coming 12th overall. DATAPAO, a data analytics company, was […]
The Chinese vehicle manufacturer Geely's van brand Farizon has entered the Hungarian car market, and its first dealership, Duna Autó, has started selling two models, the exclusive importer AutoWallis and Duna Autó announced at a press conference in Budapest on Tuesday. Chinese automotive holding Geely owns a number of car brands, including Volvo and Lotus. […]
The French electronics company is to expand its factory in Dunavecse in central Hungary with an investment of more than HUF 15 billion, creating 270 new jobs, with a HUF 1.5 billion subsidy from the Hungarian government. The investment will increase the floor area of the Duna Smart Power Systems (DSPS) smart factory in Dunavecse […]
We are pursuing a consistent and disciplined monetary policy, strengthening credibility and confidence. That is according to former finance minister Mihály Varga Mihály who officially took up his post as Governor of the National Bank of Hungary (MNB) after receiving his letter of appointment from President Tamás Sulyok on Monday. He was quoted in an […]
