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, […]
Hungary had a EUR 665 million external trade surplus in February, data released by the Central Statistics Office (KSH) on Monday show. Exports rose 2.6% year-on-year to EUR 12.695 billion. Imports climbed 5.9% to EUR 12.030 billion. Trade with other European Union member states accounted for 74% of Hungary's exports and 67% of its imports […]
The British Council is the United Kingdom's international organization for cultural relations and educational opportunities. Its aim is to bring together all areas of the British Council under an integrated country offer for customers and partners. The history of the British Council dates back 92 years. As to how successful the organization has been over […]
The Budapest Stock Exchange (BÉT) stock index declined moderately this week; on Friday, the BUX closed at 121,718.1 points, down 0.32%, or 389.2 points, from the previous week. Weekly trading volume was HUF 110.6 billion, up from HUF 109.9 billion the previous week, with leading stocks posting mixed results. Equilor Investment Ltd. noted in its […]
Raiffeisen Bank Plc. has announced that it successfully closed the 2025 financial year while further strengthening its market position. Despite the challenges posed by the global economic environment, the Bank adapted effectively and achieved outstanding results across multiple business segments. As Chief Executive Officer György Zolnai highlighted, the bank's Corporate and Investment Banking division stabilized […]
With the ceremonial laying of the cornerstone, one of the most significant developments in the Hungarian energy system has entered a new phase, and construction has begun on the combined-cycle gas turbine power plant in Tiszaújváros. The investment is a key element of state-owned MVM Group’s long-term strategy, which aims not only to meet growing […]
GlaxoSmithKline Biologicals Ltd., based in Gödöllő, about 30 kilometers northeast of Budapest, serves as one of the world’s centers of excellence for vaccine manufacturing. The Gödöllő site has been producing vaccine components, bulk antigen and carrier protein since 2002, building on a 50-year scientific competence heritage in Hungary. The site produces the raw materials for […]
German premium car maker BMW is expanding its presence in Hungary with a new business service center. The EUR 4.3 million investment, supported by the Hungarian Investment Promotion Agency (HIPA), creates a new unit in Debrecen, the location of BMW’s Hungarian plant, producing the i3 model of the Neue Klasse series since October 2025. The […]
Consolidated after-tax profit of MBH Bank, Hungary's second-largest commercial lender, fell 17% to HUF 165.1 billion in 2025, an earnings report released on Thursday shows. Consolidated after-tax profit of MBH Bank, Hungary's second-largest commercial lender, fell 17% to HUF 165.1 billion in 2025, an earnings report released on Thursday shows. Net interest revenue dropped 9% […]
According to preliminary data, 5,333 children were born and 10,198 people died in February 2026. The number of births lessened by 6.0% and that of deaths by 8.1%, while the number of marriages rose by 20% compared to the same month of the previous year, the Central Statistical Office (KSH) reports. The natural decrease was […]
The Continental Tobacco Group has opened a finished goods warehouse in Sátoraljaújhely, NE Hungary, covering nearly 4,000 square meters and equipped with modern technology, in the presence of Péter Szijjártó, Minister of Foreign Affairs and Trade. The facility is a key component of the large-scale investment program that the Hungarian-owned tobacco group has implemented in […]
Spar Hungary has modernized one hypermarket and two supermarkets at a total cost of over HUF 4.3 billion; all three stores reopened on Thursday, the company told MTI. The company reopened its Interspar store in Veszprém (W Hungary); during the nearly HUF 2.8 billion investment, the floor space of the more than 4,000-square-meter sales area […]
The British Chamber of Commerce in Hungary (BCCH) has a history of over three decades. Its successful activities have resulted in its membership being expanded over the past few years, further spreading British good business practices in Hungary. It has fruitful collaboration with fellow chambers in Budapest and looking forward to the same with the […]
TUBEX Mátra Ltd., a German-owned company, is implementing a significant investment at its site in Sirok (NE Hungary), which will expand production capacity, modernize the facility, and support more sustainable operations, the Hungarian Investment Promotion Agency (HIPA) reports. TUBEX manufactures lightweight metal packaging solutions, primarily producing aluminum aerosol cans and tubes. The company’s products are […]
