Italian-owned Kaposvár-based Kométa 99 Plc., specializing in pig slaughtering and the production of meat industry products, is expanding its site with an investment of EUR 117.1 million. As one of the key players in the domestic food industry, it employs more than a thousand people in Kaposvár (SW Hungary). Under the program, the new state-of-the-art […]
Hungarian furniture maker Frontalit on Thursday inaugurated a HUF 349 million investment supported by the Demján Sándor Program for scaling up local SMEs, MTI reports. Frontalit purchased equipment and vehicles and organized training programme for employees at its base in Vásárosnamény (E Hungary). Half of the project cost was covered by a matching support scheme […]
Hungarian oil and gas company MOL announced on Wednesday its entry into Libya in partnership with Spain's Repsol and Turkey's TPAO. After winning a joint bid for the O7 offshore block, MOL will enter the exploration project with a 20% stake. Repsol will hold 40% and operate the project, and TPAO will have a 40% […]
Fumito Sakai will assume the role of Managing Director of Magyar Suzuki Corporation effective March 1, 2026. He succeeds Masato Atsumi, who led the Esztergom-based automotive manufacturer for nearly five years and will now continue his career in Japan, Magyar Suzuki says in a statement issued this Wednesday. Fumito Sakai joined the Suzuki Group in […]
Italian-owned Meth Electric Transformers will invest HUF 5 billion into expanding capacity at its base in Nagykanizsa (SW Hungary), creating 140 jobs, MTI reports. The government supports the investment with a HUF 290 million grant, Minister of Foreign Affairs and Trade Péter Szijjártó said on Tuesday. Meth will build an 8,000sqm plant, purchase new production […]
The foundation stone has been laid for the sterilization plant at the syringe manufacturing base of the medical products manufacturer Becton Dickinson in Környe (NW Hungary). The EUR 42.2 million project is expected to create 25 high value-added jobs. Becton Dickinson (BD), specializing in the production of medical devices, announced this investment in December 2025. […]
Zhejiang Shuanghuan Driveline inaugurated the electric vehicle parts plant of Evoring, the China-based firm’s Hungarian subsidiary, the Hungarian Investment Promotion Agency (HIPA) reports. The EUR 104.4 million greenfield investment, implemented with the support of HIPA includes a 24,000 square-meter production complex supported by solar panels and a heat-pump system. The manufacturing base in Jászfényszaru (central […]
The Board of Directors of the Hungarian liquor producer Zwack Unicum Plc. has approved the management’s report about the results of the company in the first three quarters of the 2025–2026 business year. As reported by the company on the website of the Budapest Stock Exchange, both gross and net sales show a slight increase. […]
The infrastructural development of the Austrian company Binder Industrial Structure Construction Ltd. in Csönge, a village near the Austrian border, further strengthens the region’s economic growth, the Hungarian Investment Promotion Agency (HIPA) reports. The company, specializing in the production of metal structures, is investing EUR 8 million, primarily aimed at expanding the capacity of its […]
The preliminary net profit of the Budapest Stock Exchange (BSE) for the year 2025, which includes the BSE's share of the KELER Group's results, is HUF 5.28 billion - that is, 10% less compared to 2024, BSE reports on its website. The EBITDA value for 2025 was HUF 1,692 million, which is 22% higher than […]
As a first point of contact, E.ON helps young people gain a realistic picture of careers in the energy sector through experience-based career presentations and personal meetings. Participants in the dual training program then acquire both theoretical knowledge and practical skills with the help of experienced professionals. "In dual training, we not only impart knowledge, […]
Graphisoft Park, which owns and operates a business park in the north of Budapest, upgraded guidance for 2025 earnings in an announcement on the website odf the Budapest Stock Exchange. Graphisoft Park raised its forecast for pro forma profit by around EUR 1.7 million to EUR 20.5 million, highlighting a more than EUR 1 million […]
Swiss-owned MAM-Hungária Ltd., which makes bottles and pacifiers for infants, is undertaking a HUF 4.5 billion capacity expansion at its base in Vaskeresztes (W Hungary). Since 1990, the factory in Vaskeresztes has been producing baby pacifiers, bottles, cups and oral care products, significantly contributing to the region’s economic development. Products manufactured in Hungary reach more […]
Companies in Hungary are more cautious but still fundamentally optimistic about 2026: 44% of companies expect revenue growth, while just under 10% expect a decline, according to the Randstad HR trends survey 2026. The executive summary of the survey suggests labor costs remain the biggest business challenge, while increasing productivity and efficiency are also becoming […]
Sales in Hungary of Swedish home furnishings giant IKEA rose 4.4% to HUF 144 billion in its business year ended August 31, IKEA Hungary said in a statement. According to the assessment, the key to the year's success was continuous price reductions. The company has provided customers with a total of 6.5 billion forints in […]
