Festipay Plc., founded in Hungary, will provide cashless payment services at the 40th Formula 1 Hungarian Grand Prix, which will be held just west of Budapest on the first weekend of August. The company announced to MTI on Wednesday that it will operate hundreds of contactless terminals throughout the hospitality area, where guests can pay […]
Most of the companies desire and plan technological developments, viewing digitalization as crucial for increasing competitiveness, but the prevalence of automation and Industry 4.0 solutions remains low. that is according to a recent study, commissioned by Siemens Hungary Plc., that surveyed decision-makers of Hungarian small and medium-sized manufacturing enterprises (SMEs) about their development plans. Almost […]
China’s BYD, the world’s largest electric vehicle manufacturer is set to further expand its presence in Hungary by yet another major investment aiming at the production of electric trucks, the Hungarian Investment Promotion Agency (HIPA) reports. The EUR 75.7 million investment will add a 29,000-square-meter facility to BYD’s electric bus factory in Komárom – 90 […]
Zwack Unicum Plc. informed its shareholders on the website of the Budapest Stock Exchange this Wednesday that the personnel changes in the Management of the Company that were projected in the company's announcement of January 21, 2025 –including a change in the position of CEO – have taken place. Chief Executive Officer Frank Odzuck and Deputy Chief […]
The Hungarian subsidiary of German biotech company Verbio, XiMo is set to build its first industrial-scale facility in the country, leveraging its co-founder’s Nobel Prize-winning research in sustainable chemistry, the Hungarian Investment Promotion Agency (HIPA) reports.. The EUR 27.7 million investment launched in Gödöllő – 30 kilometers from the capital Budapest – will further strengthen […]
ALTEO Energy Services Plc. announced on the website of the Budapest Stock Exchange that the closing conditions for the sale and purchase agreement for the acquisition of ÉLTEX Commercial and Transport Ltd. signed on December 20, 2024 by ALTEO Plc. and Global Refuse Holding Plc. have been fulfilled, and that as of this Monday, ALTEO […]
Total gross sales of Zwack Unicum Plc., the biggest player in Hungary’s spirit market, were HUF 38,788 million in the 2024-25 business year – a year-on-year increase of HUF 1,850 million (5.0%). The total gross sales include revenues from the deposit-refund system (DRS), which was introduced in Hungary on January 2024. During the 2024–2025 business […]
Eötvös Loránd University (ELTE) and Bosch Hungary have agreed to continue their cooperation for another five years, opening up new perspectives in the field of AI development in Hungary, the two organizations announced in a joint statement to MTI on Tuesday. They emphasized that their long-term strategic goal is for Hungary's first artificial intelligence industrial […]
The net profit of the Budapest Stock Exchange (BSE) for the first quarter of 2025, which includes the BSE's share of the KELER Group's results, is HUF 1,31 billion, BSE announced on its website this Tuesday. The EBITDA value in the first quarter of 2025 was HUF 431 million, which is 28% higher than the […]
MOONCITY Budaörs has expanded its activities with an educational service related to electromobility, opening an Electromobility Test Center where practical and theoretical information about electric vehicles can be obtained so that private and corporate customers can determine whether the use of electric vehicles is efficient for them, Porsche Hungaria informed MTI. In their announcement, they […]
According to a statement from the Hungarian Ministry of Foreign Affairs and Trade, the South Korean company's investment of approximately HUF 22.5 billion is aimed at improving battery manufacturing processes. Hungarian taxpayers contributed HUF 5.5 billion to the project, helping to create a number of high value-added jobs requiring serious engineering skills. According to the […]
Delta Technologies Plc. and the owners of Robotizálunk Ltd. have signed a letter of intent regarding the purchase of a 51% stake in Robotizálunk Ltd. The acquisition offers growth opportunities for both companies, while also strengthening their professional competencies. The transaction, which fits closely with Delta's acquisition strategy, is expected to be followed by further […]
Magyar Suzuki Plc. stabilized its operations despite declining sales revenue, with the decline attributable to excess production in the base year, company executives said at a press conference in Budapest on Thursday. Magyar Suzuki Plc. CEO Masato Atsumi, emphasized that despite the difficulties, 2024 was more predictable than previous years, with both production and sales […]
The market value of the world's 100 largest companies increased by 7%, or a total of USD 2.8 trillion, as of March 31, 2025, according to PwC's latest report, Global Top 100 companies by market capitalization. However, the rate of growth slowed significantly compared to the previous year's 27% (USD 8.3 trillion). With this new […]
After many years of active presence, numerous successful installations and overcoming significant challenges, Continest Technologies Plc. based in Székesfehérvár, Hungary, a manufacturer and distributor of innovative folding containers, has reached another milestone in its expansion in the United Kingdom. Continest is pleased to announce that it has signed strategic cooperation agreements with two renowned, long-established […]
