American medical technology giant Becton Dickinson (BD) is expanding its Hungarian operations by introducing new service and manufacturing functions. BD is set to build a sterilization facility at its site in the industrial park of Környe, near Tatabánya, western Hungary, which has been operating for more than fifteen years. Supported by the Hungarian Investment Promotion […]
Hungary's Magyar Vagon will manufacture railway trains for the Slovenian state railway company, Magyar Vagon told MTI after a contract was signed on Monday in the Slovenian capital, Ljubljana. Magyar Vagon will deliver five intercity trains, each consisting of four cars. The trains could be put into use in the second half of 2028. Magyar […]
GLS Hungary and DPD Hungary have entered into a strategic partnership to make parcel collection more flexible, thanks to which DPD parcels in Hungary will also be available for collection from a significant number of GLS parcel machines, according to a joint statement issued by the two companies to MTI. The statement said that GLS […]
Over eight decades of its existence, the Danish company Grundfos has become the world's largest manufacturer of pumps and submersible pumps since its founder, Poul Due Jensen came up with his first pump model. Its philosophy has been about persistent innovation and striving for the best since 1945. Internationally, Hungary is one of the main […]
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. […]
