As Europe accelerates toward a greener, more digital and increasingly electrified energy future, one challenge stands at the center of strategic debate: developing the networks needed for this transformation. According to Guntram Würzberg, Chairman and CEO of E.ON Hungária Group, building modern, flexible grids is a responsibility shared not only by energy companies, but also […]
“Germany has traditionally been the largest investor in Hungary. Approximately 2,400 German companies employ around 235,000 people here. This number has increased by 55% since 2010, that is, one in every 14 employees in the Hungarian corporate sector now works for a German company,” government commissioner and CEO of the Hungarian Investment Promotion Agency (HIPA) […]
Dairy company Bóly Plc., a member of the Bonafarm group, and the Kaposvár Campus of the Hungarian University of Agriculture and Life Sciences (MATE) jointly developed technology to breed cattle producing only premium quality A2 milk, the company said. The project was financed from a HUF 775 million grant from the National Research, Development and […]
4iG Defence and Space Technologies signed an agreement with Axiom Space, the leading provider of human spaceflight services and developer of human-rated space infrastructure, parent company 4iG is quoted by MTI as saying. Under the agreement, 4iG SDT will carry out a USD 100 million raise capital in the US company in two steps: to […]
Corporate leaders from Hungary and Israel met at a business forum in Budapest this October with representatives of 62 Hungarian companies and 36 firms from Israel participating at the event organized by the Hungarian Ministry of Foreign Affairs and Trade and held in a conference room in the Puskás Arena soccer stadium. Over 150 business-to-business […]
By mutual agreement, the sale and purchase agreement concluded between the MVM Group and the E.ON Group on December 16, 2024, concerning the purchase of a 68% stake in E.ON Energie Romania and a 98% stake in E.ON Asist Complet, would be terminated this Friday, MVM informed MTI. In its announcement, MVM emphasizes that it […]
Emicast Plc, a Hungarian-owned company, is launching a HUF 6-7 billion investment based on green steel casting in Orosháza, SE Hungary. Production is scheduled to start in 2026, and 70-80 jobs could be created in the following years. Emicast Plc. is a newly established subsidiary of Kalocsa-based Emika Plc. In May 2025, the owners decided […]
Established in 2002, the Budapest-based Dutch-Hungarian Chamber of Commerce (Dutcham) is a self-financed business association with the aim to facilitate the exchange of professional expertise and provide networking possibilities for Dutch companies operating in Hungary. In April this year, Maurice Janssen took over as Chairman of the Dutch-Hungarian Chamber of Commerce in Budapest. Regarding his […]
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 […]
