Specialized in metal processing, Iron-Tech has announced a nearly EUR 6.5 million capacity expansion and energy efficiency investment. The project will create six new jobs at the company’s Szigetvár site in S Hungary. The Polish-owned company, with decades of experience, is a well-established player in Hungary’s engineering industry, specializing in precision CNC machining. Employing nearly […]
In a world that often treats career, family and love as competing forces, Andrea Bocelli’s wife and long-time manager speaks about them as parts of one architecture – a structure held together not by perfection, but by presence. For her, the point is not to “balance” three separate worlds, but to keep everything anchored to […]
The project by the Hungarian-owned company Rév-Bíró-Vart Metal Plc. in Mezőtúr, E Hungary, is expected to create 110 new jobs and to significantly contribute to the region’s competitiveness, according to a report by Hungarian Investment Promotion Agency (HIPA). Rév-Bíró-Vart Metal Plc. has several decades of industrial experience in metal component manufacturing, particularly in toolmaking, component […]
Hungary's government sector had a HUF 1,858 billion deficit in the fourth quarter, equivalent to 8.3% of GDP, data released by the Central Statistical Office (KSH) on Wednesday show. Government sector revenue rose 10.8% to HUF 9,955 billion, while expenditures climbed 9.8% to HUF 11,813 billion. For the full year, the government sector had a […]
The inauguration of Scrub Daddy’s Hungarian investment and the ceremonial signing of a strategic cooperation agreement with the government took place in Mártély, SE Hungary. Scrub Daddy was founded in 2012, while the idea for its flagship product dates back to 2006. The American startup gained recognition on the TV show Shark Tank, where it […]
According to a report published on the Budapest Stock Exchange (BSE) website, Hungarian meat industry company Kometa closed 2025 with lower revenue but higher profits compared to the previous year. Annual revenue fell from HUF 91.39 billion to HUF 87.81 billion, while net profit rose from HUF 663.4 million to HUF 675.3 million. The company […]
Kempinski Hotel Corvinus Budapest has announced the reopening of ÉS Bisztró, one of Budapest’s most popular dining establishments. Over the last weeks, not only was a renovation carried out behind the scenes, but a comprehensive reimagining was also undertaken, encompassing every detail. The restaurant reopened its doors to the public on March 27, 2026. ÉS […]
Better air, more shade, a more pleasant school environment. In the spirit of a commitment to a sustainable future, a joint tree-planting program was implemented in cooperation between Provident Financial Ltd., the ReGreenX project and the municipality of Szeged, a city in SE Hungary. The courtyard of the Bonifert Domonkos Elementary School was enriched with […]
The 100% Hungarian-owned Hód Plast Ltd. has established an IBC tank and barrel manufacturing facility in Algyő, SE Hungary, with an investment of EUR 6.5 million, the Hungarian Investment Promotion Agency (HIPA) reports. Founded in 1998, the company manufactures plastic bottles, canisters of various sizes, and the caps used for these containers. Their products are […]
The Hungarian dairy company Tolnatej has announced a new investment project. As part of the EUR 26.1 million development, the company will establish a new, automated whey protein processing plant in Szekszárd. The investment will enable Tolnatej to enter a new product segment and strengthen its market position and export capabilities by producing high value-added […]
Industrial producer prices in Hungary dropped 3.3% year-on-year in February, falling for the fourth month in a row, data released by the Central Statistical Office (KSH) reports. Domestic output prices lessened by 3.1% and non-domestic ones by 3.3% compared to February 2025. Compared to the previous month, domestic output prices were 0.3% and non-domestic output […]
Provident Financial Ltd. has been a leading player in the personal loan market in Hungary for a quarter of a century now. The CEO of the company, Viktor Boczán, who has been with Provident in different positions and in different countries for also 25 years, explains to Diplomacy&Trade how Provident can maintain a long-term, predictable […]
European Union member states on Monday endorsed a European Commission proposal to mobilize EUR 10.8 million from the agricultural reserve to support farmers in Hungary hit by heat stress in the summer of 2025. The exceptional support may be complemented by up to 200% of national funds. The EC also allocated EUR 7.4 million in […]
SUGO FOOD Ltd. has announced a EUR 45 million investment at its site in Baja, S Hungary. As part of the development, the company’s existing production capacity will be expanded, alongside upgrades to its energy infrastructure. The project is expected to create 30 new jobs. The Belgian-owned SUGO FOOD is Hungary’s only producer of tortilla […]
Hungarian nuclear medicine supplier Medi-Radiopharma is launching an R&D investment to develop a pioneering manufacturing technology, the Hungarian Investment Promotion Agency (HIPA) reports. Supported by the HIPA, the EUR 6.56 million investment aims to introduce an industry-scale, automated technology to produce radiopharmaceuticals, that is faster, and more efficient and accurate than the currently dominant manual, […]
