Hungarian-owned electronics manufacturing services company Videoton expects to close 2025 with revenue of around HUF 300 billion, the holding's chairman-CEO Gábor Széles said at a year-end event. He stated that turnover would be "somewhat lower" than in 2024, but added that the company's performance was "fantastic" in the context of the economic crisis in Europe, […]
Intermodal freight transport company METRANS is set to start the construction of its third Hungarian terminal, the new rail/road logistics hub in Szeged will have a 300,000 TEU capacity, the Hungarian Investment Promotion Agency (HIPA) reports. The EUR 16.2 million investment, supported by HIPA, will open a new gateway for international freight in Hungary’s southern […]
German defence industry company Rheinmetall inaugurated a HUF 29 billion vehicle parts plant in Szeged (SE Hungary) on Friday, the Hungarian Ministry of Foreign Affairs and Trade said in a statement. Hungarian taxpayers – through a government support – cover about 45% (or around HUF 13 billion) of the investment, which promises to create 300 jobs. According […]
Porsche Hungaria's sales rose 5% to 29,500 in 2025, preserving its position as Hungary's top vehicle importer, the company said on Friday. Porsche Hungaria imports the Volkswagen group brands Cupra, SEAT, Skoda and Volkswagen. Managing director Tamás Wachtler said total new passenger car and light commercial vehicle sales in Hungary were likely to climb 7.7% […]
The Hungarian government and GE HealthCare have signed a strategic cooperation agreement, making the American medical technology company the 101st strategic partner. The document was signed on behalf of the government by government commissioner and CEO of the HIPA Hungarian Investment Promotion Agency, István Joó, and on behalf of the company by managing director Jutas […]
Founded in 1906, Nilfisk is a global leader in the field of professional cleaning equipment and full cleaning systems in the industrial, commercial and consumer markets. The company is headquartered in the Danish capital, Copenhagen with sales entities in 45 countries and dealers in more than 100 countries – one of which is Hungary where […]
The net profit of the Budapest Stock Exchange (BSE) for the first three quarters of 2025, which includes the BSE's share of the KELER Group's results, is HUF 3.89 billion. The EBITDA value for the the first three quarters of 2025 was HUF 1,252 million, which is 25% higher than the value achieved in the […]
A contract for a EUR 1.2 billion syndicated loan for the construction of a 1,000 MW combined cycle gas turbine power plant in Tiszaújvaros (NE Hungary) has been signed, state-owned energy group MVM said on Friday. MVM said the syndicated loan is provided by 11 banks on favorable terms. The loan is covered by the […]
The construction industry is not expected to see a rapid rebound next year, but rather a slow, gradual recovery, driven primarily by residential renovations, energy efficiency programs, and preferential loans, the local unit of Italian building materials maker Mapei said in a report. Managing director Béla Markovich said the Home Start subsidized credit scheme for […]
The Hungarian oil and gas company MOL Plc. entered into a sale and purchase agreement this Thursday to acquire Polsolar Ltd., holding five fully operational solar farms near Mezőcsát in Eastern Hungary, MOL said in a statement on the website of the Budapest Stock Exchange. The five solar farms have a combined capacity of 304 […]
Swiss-owned building materials maker Swiss Krono is investing HUF 20 billion in a capacity expansion at its base in Vásárosnamény (NE Hungary), MTI reported on Tuesday. Hungarian taxpayers cover 15% of the investment through a government decision of a HUF 3 billion grant to support the project, which is expected to raise headcount to 200. […]
Hungary's Continest, which makes foldable containers that can be used as temporary accommodations, offices, first aid stations and for other purposes, inaugurated a HUF 50 million painting facility at its base in Székesfehérvár, southwest of Budapest, on Tuesday. Continest is supplying containers for Sweden's civil defense forces, NATO as well as the 2026 Winter Olympic […]
Leapmotor's network in Hungary is expanding rapidly, with 10 dealerships and service centers already dealing with the Chinese car brand since its market entry was announced in June this year. The goal is to achieve nationwide coverage, according to Emil Frey Hungary, which is responsible for importing the vehicles. Leapmotor has registered nearly 80 cars […]
Around 60% of construction industry companies in Hungary expect to close 2025 with falling revenue, according to a survey by the National Association of Construction Contractors (ÉVOSZ), reported by MTI. The survey results, presented on Friday, show 27.5% of companies anticipate higher revenue for the full year and 12.5% see turnover stagnating. Around 400 companies […]
The 30th anniversary of the listing of Hungarian oil and gas company MOL on the Budapest Stock Exchange was celebrated at the bourse on Friday. At a ceremony at the opening bell, Mihaly Varga, the governor of the National Bank of Hungary, the bourse's majority owner, acknowledged the contribution of Hungarian multinationals like MOL to […]
