A consortium of Hungarian companies has launched a research project focusing on non-terrestrial networks, which use satellites for wireless communication, Szabolcs Szolnoki, a deputy state secretary at the National Economy Ministry said on Thursday. The project, dubbed RAVEN (Resilient Access Validation for Evolving NTN), is led by C3S Ltd., a university spin-off, and includes Molaris […]
Domestic retail is struggling with the limitations of economies of scale, the unstoppable rise of Chinese platforms and the technological revolution. That is according to a panel of experts gathered for the Portfolio Retail Day 2026 conference and analyzed the situation of the domestic and international retail market, changes in consumer trends, and strategic directions […]
Feed supplier Neocons and IT company CodeYard have been awarded HUF 248 million in European Union and state grant money for the development of an AI-powered business and production support software, Neocons told MTI. The aim of the development is to create an innovation-based, artificial intelligence-supported business planning and production support system that provides a […]
Automotive front-end module manufacturer HBPO is expanding its activities in Hungary beyond production by opening a business services center. Established in Győr, western Hungary, the center supports 24 HBPO plants in Central Europe, by providing R&D and engineering services, including the development of Industry 4.0 digital solutions and manufacturing tools. The EUR 4 million investment, […]
Special flooring maker Graboplast will invest HUF 9.3 bn in a capacity expansion, complemented by an R+D development, at its base in Győr (NW Hungary), it was announced on Thursday. The Hungarian-owned company, which is the market leader in Central Europe in the field of special flooring manufacturing, is implementing a capacity expansion and a […]
One Macedonia Telecommunications, the North Macedonian unit of Hungary's 4iG Group, has signed an agreement with Sweden's Ericsson on the rollout of a standalone 5G mobile network in the country, the Hungarian communications technology company 4iG said in a statement. Ericsson will be the exclusive technology partner in the EUR 100 million investment. The first […]
Even the youngest children are asking questions about climate change today. Not only do they understand the problem, they also want to do something about it. The Earth Champions competition launched by the E.ON Hungária Group builds on this energy, transforming children's concerns into joint, joyful action. According to the press release, the energy company […]
Vidanet has been awarded the right to draw down HUF 6.4 billion in European Union funding for gigabit infrastructure upgrades, the company said in a statement. According to the company's announcement on Wednesday, the aim of the developments is to make high-capacity wired internet access available to residential, business and public institution users in the […]
Domestic sales volume of Hungary's biggest brewers fell 9.3% to 503 million liters in 2025, the Hungarian Brewers Association and the Small Brewers Association said in a joint statement on Wednesday. Volume of beer brewed by the companies slipped 4.8% to 473 million liters. Developments fit the trend in Europe, the associations said, noting that […]
B+N Group, a leading facility management services provider in Central and Eastern Europe, is continuing its operations and international growth under a new brand name: LIWO Group. The rebrand introduces a single, internationally recognizable name to support the group’s expansion and brand-building activities across Europe. The company is currently present in nine European countries. As […]
Sirha Budapest, a regional trade show for the food, bakery, gastronomy and hospitality industries, opened at the Hungexpo fairgrounds on Tuesday, MTI reports. Speaking at the opening ceremony, Agriculture Minister István Nagy said that the close to 4,000 food industry companies in Hungary employ around 146,000 people. Output of the sector reached HUF 6,650 billion […]
The latest capacity-expanding investment of Astotec Automotive Hungary LP., a company specializing in automotive parts manufacturing, was officially inaugurated in Pápa, W Hungary. Astotec Automotive Hungary LP., a member of the Austrian-owned ASTOTEC Automotive Group, develops and produces automotive safety components. In their Pápa plant, a strategic, EUR 10 million capacity-expansion project has been completed. […]
Net revenue of REGIO Játék, Hungary's biggest toy seller, rose 7% to HUF 25.4 billion in 2025, the company told MTI on Tuesday. The average purchase reached HUF 10,400 in the company's brick-and-mortar shops and was HUF 13,500 at its webshop, REGIO Játék said. Online sales accounted for 10% of total revenue, it added. The […]
Hungarian pharmaceutical company Gedeon Richter announced on Tuesday the acquisition of the women's health discovery portfolio of US-based biotech company Celmatix. The portfolio includes assets targeting fertility, endometriosis and ovarian ageing. The development of the acquired programmes will be led by Richter's women's health R+D hub in Belgium. Celmatix will receive an upfront payment and […]
Hungary's GDP rose 0.8% in the fourth quarter from the same period a year earlier, the Central Statistical Office (KSH) said in a second reading of data on Tuesday. The volume of Hungary’s gross domestic product was 0.8% higher according to raw data and 0.6% higher according to seasonally and calendar adjusted and reconciled data […]
