Energotest Diagnostics and Automatization Ltd. will develop a vehicle diagnostic software based on AI and blockchain-based data management with a HUF 248.5 million European union grant, the company said on Friday. The software will revolutionise the visual, preventive inspection of lighting elements, chassis, steering, exhaust systems, tires and other suspension elements by integrating IoT devices […]

Hungarian maintenance, repair and overhaul (MRO) company Aero Space Power will invest HUF 2 billion at its base in Kisvárda (NE Hungary) to build a new production hall in order to expand its portfolio. Aero Space Power is a rapidly growing company with a primary focus on providing MRO solutions to the aviation and power […]

The foundation stone of Ferenc Liszt International Airport’s new terminal has been laid in Budapest during a ceremony attended by Hungarian Prime Minister Viktor Orbán, Minister for National Economy Márton Nagy, the President of VINCI Concessions and VINCI Airports, Nicolas Notebaert and the CEO of Budapest Airport, François Berisot. According to a statetment by the […]

After-tax profit of K+H Bank, the local unit of Belgium's KBC, edged up 2% to HUF 132 billion in 2025, the lender said in an annual report. K+H Bank paid HUF 100 billion on the bank levy and windfall profit tax. Lending stock rose 10% to HUF 3,386 billion. Outlays reached HUF 823 billion. The […]

Units of 4iG, which owns the One telecommunications brand, and e& PPF Telecom Group, which operates the Yettel brand, have signed a non-binding term sheet on a network-sharing partnership, 4iG said in a statement. According to the term sheet, 4iG would acquire an indirect stake of up to 49% in Yettel tower business CETIN Hungary, […]

Earlier this week, the Hungarian oil and gas company Mol requested the Ministry of Energy to open the country's strategic oil reserves for the lack of shipments of crude oil from Russia via a pipeline through Ukraine since the end of last month. Ukraine says the supply was interrupted for technical reasons: one of the […]

The heads of the National Election Office (NVI) and the National Election Commission (NVB) held a briefing on Thursday for ambassadors accredited to Hungary about the parliamentary election to be held on April 12. Róbert Sasvári, President of the National Election Commission and Attila Nagy, President of the National Election Office welcomed diplomats this Thursday […]

Supermarket chain Auchan plans to start opening smaller shops in Hungary from 2027 with the aim of tripling sales by 2032, Auchan Hungary said on Thursday. Auchan Hungary will finance the new shops, with areas of between 70 and 150 square meters, with its own resources and in a franchise construction. Auchan Hungary will also […]

Waberer's will make 925 replacements in its international fleet of lorries in 2026, the Hungarian haulier said on Thursday. The upgrades, which will lower the average age of lorries in the fleet from three to two years, are taking place in the framework of a EUR 57m programme. Waberer's will also invest around EUR 6m […]

Peugeot, the Stellantis group's best-selling brand, still ranked eighth in the European new car market in 2025 with sales of 546,000 cars, while Chinese players are arriving one after another; maintaining market share this year poses a variety of challenges for the French brand, Peugeot's brand director, Gábor Rémi said at a press conference in […]

Hungary's merger and acquisition market was worth USD 369 million in 2025, an analysis by multinational law firm A+O Shearman is quoted by MTI. The analysis took into account 65 transactions during the year. M+A value was well under the USD 4.751 billion record in 2024, when the state partnered with France's VINCI to buy […]

Over 40 designers presented their collections at the recently held 17th Budapest Central European Fashion Week, attracting 5,500 visitors from 12 countries, organizers told MTI on Wednesday. The fashion show was organised in cooperation with international partners such as the Czech Fashion Council, the Ljubljana Fashion Week, the Slovak Fashion Council, the Ukrainian Fashion Week, […]

Hungarian pharmaceutical company Gedeon Richter on Wednesday said it signed a strategic research collaboration and option-to-license agreement with Swiss biotech company FimmCyte. Richter said the partnership aims to advance the development of FimmCyte's FMC2 antibody for the treatment of endometriosis. The parties have negotiated an exclusive and worldwide license agreement for the future development and […]

Hiventures, the venture capital arm of the Hungarian Development Bank (MFB), is setting up a HUF 17 billion fund targeting local startups focused on AI, deeptech, greentech and medtech, CEO László Hradszki told journalists. He added that innovative companies can already apply for funding on the Hiventures website. The new fund supports the flourishing of […]

Building materials maker Masterplast has scrapped plans for a stone wool plant and will continue to focus on glass wool production, following a review of its insulation materials portfolio, the company said in an announcement posted on the website of the Budapest Stock Exchange. "The board of directors decided that the strategic focus will continue […]