Singapore-based Vulcan Shield Global (VSG), which supplies high-temperature insulation solutions to a range of industries, has started recruiting locals to work at its plant in Bekescsaba (SE Hungary), the company told MTI. VSG aims to fill positions at the plant with as many Hungarians as possible, the company said. "All interviews conducted till now have […]
Austrian-owned Marzek Kner Packaging inaugurated an expansion at its base in Békéscsaba (SE Hungary) on Friday. The company completed expansions worth HUF 5.5 billion in recent years, securing 480 jobs, with government support of HUF 1.5 billion. More than half of Marzek Kner Packaging products are sold on export markets, and production at the site […]
All segments of the AutoWallis Group delivered a very strong performance in the last quarter of the previous year, setting new records in vehicle sales as well as in service and mobility services in 2025. Last year, AutoWallis’ vehicle sales increased significantly, by nearly 12%, to more than 54,000 units: growth was primarily driven by […]
German-owned automotive supplier ZF Chassis Modules will invest HUF 10bn in Debrecen (E Hungary), creating 230 jobs, Minister of Foreign Affairs and Trade Péter Szijjártó said on Tuesday. The company will make front and rear axles at the new plant exclusively for electric vehicles made at the BMW plant in Debrecen. Output of Hungary's automotive […]
A project was inaugurated at the Nyíregyháza Industrial Park in NE Hungary, in the northeast corner of the country, on Tuesday, the Ministry of Foreign Affairs and Trade said in a statement. According to the statement, decision to build a new, 640-hectare industrial park in the city was taken after its first one had reached […]
Express One Hungary, an express delivery company owned by Austrian Post Group, has acquired local peer Delivery Solutions, which operates the SAMEDAY brand, Austrian Post Group said late Monday. With this transaction, all Sameday employees, customers, infrastructure, and 1,100 parcel machines will be transferred to Express One, making the company one of Hungary's largest operators […]
The Hungarian government signed a strategic cooperation agreement with German-owned electronic components maker Rosenberger at the inauguration of an investment at the company's base in Jászárokszállás (E Hungary) on Monday, the Ministry of Foreign Affairs and Trade said in a statement. Minister of Foreign Affairs and Trade Péter Szijjártó was of the view that the […]
Utilisation of Hungary's ZalaZONE vehicle proving ground will climb in 2026 as the track in Zalaegerszeg (SW Hungary) draws more business partners and further investments, the head of the board of trustees of the ZalaZONE Foundation, László Palkovics said at a press conference on site on Monday. He projected that new capacities would come to […]
The Hungarian-owned B+N Group ranked 8th among the world's largest cleaning robot fleet operators according to an independent international survey by FieldBots Radar 2025, the facility management services company told MTI. The company operates 176 ROBIN professional cleaning robots developed in-house, surpassing several global players in the international survey, including German, French, Japanese, and Chinese […]
Sales of the Volkswagen brand grew by 6.8% in 2025 on the Hungarian new car market, slightly exceeding the 6.5% growth of the overall passenger car market. The brand sees potential for growth this year in targeting private buyers, according to Zoltán Papp, brand director at Porsche Hungaria, which imports Volkswagen Group brands. In 2025, […]
4iG Group on Monday announced the acquisition of a 74.34% stake in automotive industry company Rába from state-owned N7 Holding National Defense Industrial Innovation and the foundation that runs Széchenyi István University. SDT EGY, a project company established by 4iG Group member 4iG Space and Defense Technologies, acquired a 54.34% stake from N7 Holding and […]
4iG Space and Defense Technology has signed an exclusive cooperation agreement with with the Czech firm TATRA TRUCKS, which makes makes heavy-duty vehicles for the military and civilian markets, parent company 4iG said in an announcement posted on the website of the Budapest Stock Exchange on Monday. Under the agreement, 4iG S+D has exclusive right […]
In Hungary’s automotive sector, annual new vehicle registrations are total around 150,000 units – comprising 120,000–125,000 passenger cars and roughly 25,000 light commercial vehicles. Based on new car registrations per capita, Hungary is positioned in the lower third of the European ranking.” Yet this stagnation also signals room for expansion, especially as the economic environment […]
Festipay managed close to HUF 39 billion of payments in 2025, up in value by 15% and by 7% based on the number of transactions compared to last year, the Hungarian fintech company said late on Monday. By the end of August, transaction volume processed through the company's system was around HUF 29 billion in […]
Halms Hungary, part of the Huashuo Group, is establishing its European center for the manufacture of automotive parts in Miskolc. Thanks to the investment in the Southern Science and Technology Park, INPARK area, Halms will manufacture aluminum castings and machined parts for leading car brands and automotive suppliers such as Volvo and Magna. Medium and […]
