German-owned SICK, which makes smart optical sensors, completed a HUF 10 billion plant and warehouse in Kunsziget (NW Hungary) on Friday, MTI reports. The development expanded production capacity by 50%. Managing director Imre Zsolt Vidó said at the handover ceremony that the project, which took several years to complete, expanded the area of the base […]
India-based automotive supplier Motherson is expanding its activities in Hungary with a series of investments, including a research and development program and the establishment of a business services center, the Hungarian Investment Promotion Agency (HIPA) reports. Motherson’s EUR 54 million Hungarian R&D project deals with AI-based sensors and advanced visual systems integrated into rear-view mirrors. […]
In 2025, HelloParks further strengthened its market position in Hungary’s industrial real estate sector and raised the bar even higher in sustainable industrial property development, the company says in a press statement. In the company’s fifth year of operation, HelloParks completed the largest transaction the sector has seen to date, significantly increased the country’s stock […]
Danish refrigerator manufacturer Vestfrost Solutions is investing HUF 5.6 billion in expanding production capacity at its base in Csongrád (SE Hungary), Minister of Foreign Affairs and Trade Péter Szijjártó announced on Thursday. The government is supporting the investment, which will create 123 workplaces, with a HUF 1.1 billion grant, the minister said according to a […]
Hungarian-owned CE Glass Industries will invest HUF 1.6bn in a capacity expansion at its base in Szatymaz (SE Hungary), Minister of Foreign Affairs and Trade Peter Szijjártó said on Thursday. The government is supporting the investment with HUF 650 million, Szijjártó said, adding that it would secure around 180 local jobs. The minister pointed out […]
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 […]
