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 […]
The French-Hungarian Chamber of Commerce and Industry (CCI France Hongrie – CCIFH) will celebrate its 35th anniversary next year. On its website, it encourages its current and future members to boost their business with the participation and assistance of the Chamber. The organization's president, László Károlyi, and its director, Ágnes Ducrot, tell Diplomacy&Trade what kind […]
Commissions revenue of Duna House's franchise network rose 35% year-on-year to HUF 5.2 billion in the third quarter, the listed real estate broker said in a report based on preliminary data. Commissions revenue in Hungary climbed 38.7% to HUF 3.9 billion. In Poland, commissions revenue rose 22.6% to HUF 1.2 billion. Revenue growth was driven […]
DBH Serviced Office will now operate under the name DBH Flex, and Michael P. Smithing, a long-time key player in the Central and Eastern European office market, has been appointed to head the company. According to a statement released by the company, the name change signals that flexible office solutions and modern work culture are […]
German defense industry giant Rheinmetall is set to establish a new service center for development and engineering in the southwestern Hungarian city of Zalaegerszeg, the Hungarian Investment Promotion Agency (HIPA) reports. According to the statement released, the EUR 9.54 million investment – about 15% of which is covered by Hungarian taxpayers through a government grant […]
First-half consolidated revenue, in 2025, of Vajda-Papír, Hungary's biggest maker of hygienic paper products, rose to HUF 38 billion from HUF 34 billion in the base period, the company told MTI on Friday. Pre-tax profit climbed to HUF 3.7 billion from HUF 3.2 billion. Vajda-Papír's stable, long-term competitive business model has enabled it to grow […]
Electronics parts manufacturer Neutrik Hungary inaugurated a HUF 3.7bn investment in Ózd (NE Hungary) on Thursday, MTI reports. The investment by the local unit of Liechtenstein-based Neutrik, which makes audio and video connectors for the entertainment industry, was supported by a HUF 1.4 billion grant (close to 40% of the investment value) by Hungarian taxpayers […]
Share turnover on the Budapest Stock Exchange (BSE) came to HUF 330.9 billion in September, MTI quoted a BSE statement on Wednesday. Daily turnover averaged HUF 15.0 billion. Wood and Company brokered the highest volume of trades during the month, with double-counted turnover of HUF 189.2 billion. Concorde was runner-up with turnover of HUF 184.8 […]
The first half of 2025 highlighted the resilience of Cordia International and the strength of its diversified strategy. The real estate development firm delivered a solid revenue of HUF 33.9 billion, representing a 4.3% increase compared to the same period in 2024. Gross profit rose by 9.4% year-on-year to HUF 12.4 billion. Following the sharp […]
