The balance of power in the global meat industry has shifted, with chicken meat emerging as the winner of the past decade. Returning from the ANUGA food industry trade fair in Cologne, László Bárány, managing director and owner of Master Good, said that the poultry sector is set to grow by at least 25% over […]
The real estate broker Duna House Group is to continue operations as DH Group, with a revamped image and a new website, MTI reported on Monday. The company says its name is expected to officially change at the general assembly in November. Duna House, founded as a family business in 1998, has long outgrown the […]
South Korean Shinheung's capacity expansion in Monor has created 700 jobs, further strengthening Hungary's role in the electric car industry revolution. That is according to Péter Szijjártó, Minister of Foreign Affairs and Trade, who spoke at the handover of the project in Monor, southeast of Budapest. The South Korean battery component manufacturer's HUF 45 billion […]
Mercedes-Benz is improving its manufacturing efficiency to prepare its plants for the most comprehensive product offensive in the company's history, the company told MTI on Friday. The German carmaker is investing more than EUR 2 billion in modernizing its European factories, with automation and digitalization expected to reduce costs by 10%. According to the announcement, […]
Citibank will continue to expand its activities in Hungary, the Ministry of Foreign Affairs and Trade said in a social media post on Friday. According to the Ministry, an agreement on this was reached at a meeting with the group's CEO that Citibank would continue to expand its activities in Hungary, creating jobs, with the […]
AutoWallis has moved to new offices. The region's leading car dealership and mobility company has found a new home in the Liberty office building, located at one of the capital's busiest transport hubs. According to the announcement, the move is a significant step towards more efficient operations, which is an important part of the company's […]
AutoWallis Group’s vehicle sales rose significantly, by 8.4% in the first nine months of the year. The growth was primarily driven by the Retail Business Unit, which expanded by more than 21%, while the Distribution Business Unit also outperformed last year’s figure by 2.5% after catching up with earlier quarters. The strong sales performance of […]
Swedish medical technology and plastic components manufacturer Nolato has completed a major production capacity expansion in Hungary, and announced new plans for further expanding its footprint in the country, the Hungarian Investment Promotion Agency (HIPA) reports. The investment worth EUR 21.2 million, close to 15% of which is covered by Hungarian taxpayers through a government […]
The Hungexpo Budapest Congress and Exhibition Center – in line with international trends – continues to place increasing emphasis on the development of conference tourism. Within this sector, 2026 is set to be a particularly strong year for scientific and technological events. A key factor in this growth is the support of its French owner, […]
A new construction industry plant powered by solar panels and heat pump systems is being established in the southern Hungarian town of Dunavecse through a joint venture between a Hungarian and a Serbian company. The EUR 24 million project, with almost a quarter ofthe costs covered by Hungarian taxpayers through a government decision, is launched […]
MVM OVIT Manufacturing, a unit of state-owned energy group MVM that makes substations and other transmission system infrastructure, has inaugurated state-of-the-art steel surface preparation and automatic painting equipment at its base in Göd, just north of Budapest, MVM Group informed MTI on Friday. According to the announcement, the new production line, consisting of two main […]
In line with its strategic goals, AutoWallis continues to strengthen its position in the automotive retail sector after reaching an agreement to sell Lexus, Toyota's premium car brand. The region's leading integrated car dealer and mobility service provider opened its first Lexus showroom in Győr, bringing the number of brands represented by the company to […]
Office space in Sanofi's international business service center has recently more than doubled in size, the French pharma giant announced this Thursday. Located in one of the Hungarian capital’s most dynamic business districts on Váci út, the Sanofi Budapest Hub has grown by 8,000 square meters to a total of 15,000, providing state-of-the-art workstations, community […]
German rail technology giant Siemens Mobility is expanding its research and development (R&D) center in Budapest through a series of international innovation projects, the Hungarian Investment Promotion Agency reports. The EUR 14.7 million investment further integrates the Hungarian R&D center into Siemens Mobility’s global innovation network and contributes to next-generation rail automation solutions. Supported by […]
Inna Ocheretna will take over as managing director of Raben Trans European Hungary on October 1, Dutch logistics provider Raben Group told MTI on Tuesday. Inna Ocheretna joined the Raben Ukraine team in 2007, where she worked as managing director from 2019, according to the announcement. According to information on the Raben Trans European Hungary […]
