The University of Szeged (SZTE), located in SE Hungarian city of Szeged, signed a cooperation agreement with ContiTech Fluid Automotive Hungária Ltd. and ContiTech Rubber Industrial Ltd. this Monday. The aim of the cooperation is for the participants to mutually assist each other in their innovation and education activities, as well as to launch joint […]
The Swiss-Hungarian Chamber of Commerce (Swisscham Hungary) was founded in 1995 to provide a platform for economic and commercial cooperation between the two countries. Over the past three decades, the trust and expertise of its members and its steadily growing membership have made the Chamber an important player in business life. On the 30th anniversary, […]
French-owned Hungarian pharmaceutical company Egis Gyógyszergyár Plc. is set to implement another large-scale investment to boost efficiency and capacity at its base in Körmend, the Hungarian Investment Promotion Agency (HIPA) reports. The EUR 37.5 million investment include the modernisation of the a tableting plant and the galenic plant, and the extension of the storage facility […]
The new production facility of J-STAR MOTION, a furniture component manufacturer, was officially inaugurated in Kaposvár. In addition to setting up a manufacturing center, the Chinese company specializing in intelligent motion and control solutions has also established a new logistics hub in the seat of Somogy County. The EUR 60 million greenfield investment, close to […]
ALTEO-Therm Ltd. has successfully completed a HUF 434 million investment project to replace the former 3.2 MW Wärtsilä 220 SG gas engine at its Tiszaújváros site with a modern, refurbished Jenbacher J620 model. As part of the project, not only was the gas engine replaced, but the mechanical, electrical and control systems of the auxiliary […]
In the second quarter of 2025, the construction industry environment showed signs of mild recovery in certain segments, which is an encouraging sign for the future. However, on the markets relevant to Masterplast, no significant increase in demand was observed yet, most of the growth expected in the next quarter. As a result, the company’s […]
Chinese car manufacturer BYD says it has long-term plans for Europe, and construction of its Hungarian factory is proceeding according to plan, despite press reports to the contrary. According to the information provided by BYD Hungary to MTI on Wednesday, production is scheduled to start at the end of the year, and cars will soon […]
The Abu Dhabi Securities Exchange (ADX), one of the fastest-growing and leading exchanges in the Middle East, and the Budapest Stock Exchange (BSE), the second largest exchange in Central and Eastern Europe, signed a Memorandum of Understanding (MOU) to collaborate on a number of key initiatives, BSE announced in a press release. The MOU sets […]
The Hungarian electronics manufacturing firm Videoton Holding has signed an agreement with the owners of Limtronik GmbH, under which Limtronik GmbH, which employs 150 people in Limburg near Frankfurt, and Limtronik USA in Denver have become members of the Hungarian-owned group of companies. According to Videoton Holding's announcement on Tuesday, the new member companies are […]
The Hungarian market for new electric passenger cars (EVs) is not expected to see the same dynamic growth this year as last year, while the segment's share of total sales, at around 7%, continues to lag behind the European average. However, EVs could account for 12-13% of KIA's sales, according to Norbert Nagy, president of […]
Following the establishment of its Hungarian subsidiary in 2021, Tulip Interfaces is expanding its Budapest hub with a new R&D project, the Hungarian Investment Promotion Agency (HIPA) reports. The American manufacturing technology company’s local team will grow by 26 engineers as a result of the investment, whose task will be to support the development of […]
American industrial automation giant Emerson is expanding its operations in Hungary through new smart investments that create high value-added jobs, while also joining the Government’s community of strategic cooperation partners. Emerson is set to invest EUR 6.2 million and create over fifty new jobs in two projects with the support of the Hungarian Investment Promotion […]
A HUF four billion development project has been launched at the Budapest site of 77 Elektronika Ltd. The medical diagnostics equipment manufacturer is relocating its entire Budapest production capacity to a single site and, at the same time, is implementing significant technological upgrades, the company told MTI on Wednesday. The 100% Hungarian-owned company is financing […]
The AutoWallis Group increased its vehicle sales by 3.4% in the first half of the year, mainly due to previously completed acquisitions in the Czech Republic, the company told MTI on Tuesday. According to the information provided, sales of new cars in the retail business segment increased by 18.8% to 5,849 units, with 1,131 of […]
Over the next two years, Hungary’s leading pasta producer, Gyermelyi Plc. will build and expand several production units. The investment program includes a new, fully automated high-bay warehouse, an expansion of pasta production capacity and packaging development, the Hungarian Investment Promotion Agency (HIPA) reports. With the support of the VIP Cash Subsidy Program, the investment […]
