Singapore-based advanced materials manufacturer Vulcan Shield Global (VSG) is set to start a series of high-tech investments in the southeastern Hungarian city of Békéscsaba, according to a statement by the Hungarian Investment Promotion Agency (HIPA). The specialist of extreme heat-resistant advanced alumina fibre products will implement three large-scale investments in the capital of Békés County, […]
Debrecen-based Sz. Variáns Ltd., which has been manufacturing high added-value, premium boxes, printed products and paper-based packaging materials since 1994, has multiplied its turnover and increased its profitability by more than 60% over the past decade, the company announced in a press release. The dynamically developing Hungarian family business, which now employs 75 people and […]
Budapest-based real estate investment and asset management company Indotek Group announced today that it has purchased a EUR 43.5 million portfolio of 524 residential and commercial properties in Spain. The deal was structured as a transaction involving both non-performing loans (NPLs) and real estate. The acquisition is a strategic milestone in Indotek's expansion in Iberia […]
The industrial property developer HelloParks, member of Futureal Group, is celebrating the fifth anniversary of its founding and will complete the development of more than 500,000 sqm of warehouse space in the Budapest metropolitan area this year. The founders recognised the opportunity in the growing demand for modern and green industrial facilities during the pandemic […]
U.S.-based Support Services Group (SSG) expands its presence in Hungary with a new operation that further strengthens the country’s well developed Business Services Center (BSC) sector, according to the Hungarian Investment Promotion Agency. The multilingual customer support office is being set up in Szekszárd, nestled in southern Hungary. Implemented with the support of HIPA, the […]
As of October 1, Gyula Marik will serve as chairman of the board of directors at Shell Hungary Plc. in addition to his existing position as regional procurement manager, the company announced to MTI on Monday. Gyula Marik began his career in finance at Shell in 2001 after graduating from the University of Szeged. Over […]
With an investment of nearly EUR 5.5 million, the Hungarian-owned Aero Space Power is establishing a new production hall in Kisvárda, NE Hungary. The company, engaged in metalworking, turbine and component production, and aerospace structure repair, is also expanding its portfolio with new activities at the site, the Hungarian Investment Promotion Agency reports. Aero Space […]
The MVM Group achieved consolidated sales revenue of HUF 2,015 billion in the first six months of this year, following HUF 2,156 billion in the first half of last year, and its after-tax profit was HUF 221.8 billion, compared to HUF 222.0 billion in the same period last year, the company announced on the Budapest […]
In the first half of 2025, Appeninn Group and its controlled subsidiaries retained a real estate portfolio focused on office and retail segments, that generated rental income of EUR 10.797 million and gross margin of EUR 7.170 million, and represented a gross margin ratio of 66.4%, increased from 62.2% last year, the Group has announced […]
Danish pump manufacturer giant Grundfos successfully complemented its latest research and development (R&D) project in Hungary, aimed at improving the efficiency of entire product families, the Hungarian Investment Promotion Agency (HIPA) reports. Implemented with the support of HIPA, the EUR 3.47 million investment created 40 new high value-added jobs at the company’s product development center […]
The net profit of the Budapest Stock Exchange (BSE) for the first half-year of 2025, which includes the BSE's share of the KELER Group's results, is HUF 2.67 billion, BSE reports on its website. The EBITDA value in the first half-year of 2025 was HUF 879 million, which is 31% higher than the value achieved […]
In an extraordinary announcement of 4iG Plc. published on the website of the Budaoest Stock Exchange on concluding non-binding Memorandums of Understanding and an Option Agreement, 4iG Public Limited Company (4iG) informs the participants of the capital market that on September 7, 2025 a non-binding Memorandum of Understanding (MoU) was signed between 4iG Space and […]
K&H Bank's after-tax profit fell to HUF 50.2 billion in the first half of the year, down from HUF 66.9 billion a year earlier, with government measures accounted for during the period reducing the financial institution's results by HUF 31 billion, the financial institution told MTI on Thursday. Peter Roebben, CEO of the K&H Group, […]
Having grown from a French family enterprise into a global food industry leader, Bonduelle has implemented capacity-expansion projects at three of its Hungarian sites. Developments carried out in Békéscsaba, Nyíregyháza, and Nagykőrös included the installation of new vegetable processing lines and the establishment of the company’s Central and Eastern European logistics hub, the Hungarian Investment […]
Starting October 1, 2025, Péter Hidvégi will take over as managing director of SAP Hungary and will report directly to the managing director of the Central European cluster, according to a statement by SAP Hungary. Péter Hidvégi has more than 20 years of experience in the technology and consulting industry, and his career has always […]
