The Hungarian Joint Venture Association (JVSZ) that celebrates its 40th anniversary recognized companies doing the most to support the Hungarian economy, society and sustainable future at the Companies for the Future Award ceremony in the Buda Castle this week. Ágnes Fábián, president of the JVSZ, emphasized that the association’s predecessor had already played an important […]
State-owned energy company MVM Group inaugurated a 132/22 kV electrical substation in Miskolc (NE Hungary), built using HUF 2.7 billion of European Union, government and corporate financing. Energy Minister Csaba Lantos said at the event that rapid growth of renewable sources poses new challenges for the energy grid, so the development of substations is essential. […]
US-owned pharmaceutical company Viatris Komárom-Mylan Hungary will invest over EUR 16 million at its base in Komárom (northwest of Budapest), expanding packaging and quality control capacity. Mylan Hungary Ltd., part of the American Viatris group, is one of the key centers in the European packaging and quality control network. At its Komárom site, the company […]
The investment that also includes sustainability elements aims to strengthen Herendi Porcelain Manufactory Plc.'s international position. One of Hungary's most well-known and prestigious brands is Herendi Porcelain Manufactory Plc. which has been crafting handmade porcelain decorative items since 1826. Its products are available in more than 60 countries, with its main markets being Europe, Asia […]
The Hungarian automotive industry is already adept in all technologies, and thanks to developments over the past decade and a half, it faces a secure future and could become one of the most important players in Europe, according to what has been said at the HIPA Automotive Conference 2026 in Budapest, where leading industry figures […]
German material handling and crane technology specialist Sennebogen is further expanding its production capacity in Hungary. Supported by the HIPA Hungarian Investment Promotion Agency, the EUR 5 million investment in the Bavarian firm’ second Hungarian site in Litér (Western Hungary) aims at the installation of a robotic welding system, capable of assembling large-scale steel structures […]
Huntsman Corporation Hungary Ltd., headquartered in the United States, has inaugurated its capacity expansion project in Pétfürdő, W Hungary, further strengthening the company’s manufacturing activities and contributing to the creation of around a dozen new jobs, the Hungarian Investment Promotion Agency (HIPA) reports. Founded in 1989, Huntsman Corporation Hungary is primarily engaged in the production […]
The adoption of artificial intelligence (AI) is currently one of the most significant steps in digital transformation for Hungarian companies, but while large corporations are scaling up rapidly, the majority of SMEs are still struggling with a lack of data infrastructure and financing. At the Top Executives Roundtable panel discussion during Portfolio’s AI in Business […]
The Hungarian soldiers serving in NATO’s advisory and training mission in Iraq have arrived safely and unharmed in the military base in Kecskemét, East Central Hungary. They were withdrawn from Baghdad along with soldiers from other nations after the North Atlantic Treaty Organization suspended the mission indefinitely due to the deteriorating security situation, the Chief […]
Mastercard has published the results of its research on credit card usage and attitudes, which has been tracking the payment habits of Hungary’s urban population for 17 years. According to the study’s findings, the use of electronic payment solutions in Hungary increased across all segments examined in 2025. The most significant progress occurred in the […]
Provident Financial Ltd. was among the award winners for the 12th time in the history of the 2026 ‘Excellence in Customer Service’ competition, taking first place in both in-person and telephone customer service. This double victory is particularly strong validation of the company’s multi-year development programs: it outperformed dozens of major domestic companies in the […]
Skytrax, the aviation rating organization, has recognized Ferenc Liszt International Airport as the best airport in Eastern Europe for the thirteenth time in a row. The award was handed over to the operating company of the facility, Budapest Airport, part of the VINCI Airports network, at the World Airport Awards ceremony. In the World Airport […]
The Waberers' Group's consolidated EBIT for the fourth quarter of 2025 was EUR 16.5 million, and EUR 58 million for the year 2025, representing an increase of 5.4% and 28.8%, respectively, compared to the same period last year, according to the executive summary of the Q4 and annual report of the logistics service provider. The […]
The Chinese company Zoomlion has reached the first milestone in its Tatabánya investment, according to a report by the Hungarian Investment Promotion Agency (HIPA). Zoomlion, one of the largest construction equipment manufacturers in the world, has more than 30 years of experience and is present in 19 countries across four continents. Its products are not […]
Despite the challenging economic environment, BioTechUSA Group, Hungarian-based retailer of nutritional supplements, managed to increase its revenue in 2025 after revenues rose to EUR 261.9 million, accompanied by an 11% increase in sales. However, the record turnover was accompanied by a slight decline in profitability. EBITDA fell from EUR 27 million to EUR 14.22 million […]
