German-owned animal feed producer Sano-Modern Takarmányozás Ltd. laid the cornerstone, on Thursday, of a HUF 10 billion feed mixing plant that will triple capacity at its base in Csém (NW Hungary). The new plant, to be completed by October 2028, will have capacity to produce 120,000 tons of feed a year. Managing director Zsolt Csorba […]
American thermoelectric technology specialist Gentherm is expanding its operation in Hungary with a new research and development program, the Hungarian Investment Promotion Agency (HIPA) reports. Supported by the HIPA, the EUR 15.7 million investment will focus on next-generation automotive cabin comfort technologies and temperature management solutions for the medical industry, according to the statement. The […]
Hungarian medical device manufacturer Medicontur Orvostechnika is investing nearly HUF 8 billion in three development projects at its base Zsámbék, on the outskirts of Budapest, Minister of Foreign Affairs and Trade Péter Szijjártó said on Wednesday. Over one third of the cost of the investmentprojects is covered by Hungarian taxpayers as the government is supporting […]
The Hungarian MBH Bank has closed the acquisition of an 80% stake in real estate broker Otthon Centrum from a unit of Biggeorge Holding, the lender said in a disclosure on the website of the Budapest Stock Exchange after the closing bell on Wednesday. MBH Bank, Hungary's second-biggest commercial lender, initially announced the acquisition in […]
Hungary's leading hygiene paper manufacturer, Vajda-Papír is developing its operations with a series of investments, the Hungarian Investment Promotion Agency (HIPA) reports. The family-owned company is implementing a EUR 182.6 million investment program with the support of HIPA, comprising four distinct projects. The cornerstone of the program is a EUR 80 million capacity expansion at […]
Eve Power Hungary Ltd. is launching a recruitment campaign in Debrecen and the surrounding settlements in the first half of 2026, planning to hire around 400 new employees, relying as much as possible on the domestic workforce for its factory under construction in Debrecen, which is a supplier to the BMW Group. The aim of […]
The Hungarian oil and gas company MOL Plc. has notifies the market in a statement on the website of the Budapest Stock Exchange that MOL Group has signed a binding Heads of Agreement with Gazprom Neft to acquire its 56.15% stake in the Serbian Naftna Industrija Srbije (NIS) corporation. Once the transaction is completed, MOL […]
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 […]
