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 […]
The Hungarian government is launching two tenders on Monday, with a combined allocation of HUF 29 billion, to support businesses' geothermal energy investments, the Energy Ministry said in a statement on Monday. The government is providing HUF 19 billion of interest-free credit for investments in geothermal heat and electricity generation. Loan amounts are between HUF […]
Gabért Takarmány Ltd. is launching a new feed mixing plant project, giving fresh momentum to feed production in Pápa. The development will focus on the production of specialised turkey and broiler feed, creating 30 new jobs in the region. Gabért Takarmány Ltd. is a 100% Hungarian-owned company specialising in the production of feed for livestock. […]
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 51.3 points in February, rising from 50.0 in the previous month, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday. The PMI was below the 50-point threshold, signalling a contraction in the manufacturing sector. Among the PMI sub-indices, the new orders index climbed […]
Hungarian exports fell 4.5% year-on-year to EUR 11.468 billion in January but there was a slight EUR 12 million trade surplus with imports climbing 2.0% to EUR 11.456 billion, data released by the Central Statistical Office (KSH) on Monday show. Trade with other European Union member states accounted for 76% of Hungary's exports and 70% […]
After-tax profit of Shopper Park Plus, which owns a portfolio of retail properties in the region, rose by EUR 12.4 million to EUR 36.6 million in 2025, an earnings report shows. Properties in Slovakia, added to the portfolio in Q1, contributed EUR 13.6 million to earnings, the company said. Rental income came to EUR 33.0 […]
The Budapest Stock Exchange (BSE) share index, the BUX, rose 0.64% compared to the previous Friday's close, ending the week at 126,534.75 points. Total turnover increased from HUF 106.46 billion to HUF 135.24 billion, with leading shares performing mixed. In its weekly summary, Equilor Investment Ltd. highlighted the 25 basis point cut in the base […]
The 16th Francophone Film Days in Budapest will be held from March 4 to 14 with a number of accompanying programs; Nadia Melliti, who won the Best Actress award at last year's Cannes Film Festival, and the program's patron, Hungarian film director Ildikó Enyedi, will also participate in the event. Organized by the French Institute, […]
Húsüzem ['Meat plant'] Ltd., a meat processing company based in Zalaegerszeg (SW Hungary), and Széchenyi István University in Győr (NW Hungary) have partnered to develop a product line with health benefits by transforming meat industry by-products through biotechnology in Zalaegerszeg. The project was supported by Hungarian taxpayers with a HUF 407 million grant from the […]
Listed building materials maker Masterplast had net profit of EUR 2.2 million in the fourth quarter of 2025 compared to losses of EUR 8.9 billion a year earlier, the company said on Thursday. Revenue jumped 83% year-on-year to EUR 60.9 million during the period. EBITDA excluding one-off items came to EUR 6.4 million. Masterplast said […]
In his welcome speech at the gala, held at the Museum of Fine Arts, Government Commissioner and CEO of the HIPA Hungarian Investment Promotion Agency, István Joó was of the view that Hungary remains one of Europe’s safest and most investor-friendly countries. Despite a challenging global economic environment, 2025 marked a record year in several […]
This Thursday evening, Magical Hungary (VM) held its 16th grand nature photography award gala and exhibition opening. For the second time, the prestigious event was hosted by the Biodome of the Budapest Zoo and Botanical Garden, which provided a fitting venue with its unique atmosphere for the closing of the 2025 competition season. According to […]
