The Hungarian economy is once again strengthening in a strategic sector, with developments affecting the medical technology and pharmaceutical industries, according to István Joó, government commissioner and CEO of the Hungarian Investment Promotion Agency (HIPA), the agency informed MTI on Wednesday. He spoke at the groundbreaking ceremony for SCHOTT Hungary Ltd., which manufactures glass packaging […]
Following the signing of a Memorandum of Understanding with the State Oil Company of the Republic of Azerbaijan (SOCAR) last September to evaluate further potential cooperation opportunities in the area of hydrocarbon exploration in the Shamakhi-Gobustan region in Azerbaijan, the new agreement marks further progress in MOL’s strategic partnership with SOCAR. The agreement was signed […]
Hungarian fashion brand RETRO JEANS has signed a long-term lease agreement with HelloParks. The brand will establish its new central warehouse in the HelloParks AN1 facility in Alsónémedi (Budapest South), occupying 5,000 sqm. The site is the largest logistics and industrial hall developed so far by the Hungarian-owned industrial property developer and was built in […]
Chinese-owned Halms has once again chosen Hungary as the location for its latest strategic investment, according to the Hungarian Investment Promotion Agency (HIPA). Following the establishment of one of the country’s leading aluminum processing facilities in Debrecen, the company has announced the construction of a new automotive component manufacturing plant in Miskolc, NE Hungary. The […]
The real estate broker Duna House Group reached quarterly clean core EBITDA of HUF 1,281 million, 33% above the Q1 2024 level, and clean core profit after tax amounted to HUF 627 million, +19% year-on-year. 81% of EBITDA was generated by the financial intermediation segment and 64% outside of Hungary, the Group announced on the […]
The building insulation materials firm Masterplast’s revenue (EUR 136 million) declined by 6.2% compared to the 2023 base due to the persistently weak industry environment, despite the successful entry into the market for Certified Energy Savings (HEM), which generated significant additional sales, the company reported on the website of the Budapest Stock Exchange this Friday. […]
Mercedes-Benz Manufacturing Hungary Ltd.'s 2024 revenue was EUR 4.171 billion, down by more than EUR 904 million from 2023, while the automotive company's profit after tax fell to EUR 57.596 million last year from EUR 95.661 million a year earlier, the company said on Thursday on the Budapest Stock Exchange (BSE) website. According to a […]
Gorenje Magyarország Ltd. achieved net sales of HUF 41.4 billion and a taxable profit of HUF 302 million in 2024, increasing its sales by 10% compared to the previous year, said Norbert Füle, managing director, at the company's press conference in Budapest on Wednesday. The Hungarian division of the Slovenian Gorenje Group expects sales of […]
Goodwill Pharma Plc. significantly increased its net sales revenue last year by 27% compared to the previous year, with the company's after-tax profit amounting to HUF 2.155 billion, compared to HUF 1.502 billion a year earlier, according to the consolidated report published by the Szeged-based pharmaceutical company on the BSE website. According to the balance […]
The construction of a new production hall by BAT Pécs Tobacco Factory (BAT PD), a HUF 60 billion investment, has reached the halfway point. Once completed, it will make the company's site one of the world's largest nicotine patch production centers, the company told MTI on Tuesday. According to BAT PD's announcement, the investment is […]
Róbert Keszte has been elected as the new president of the German-Hungarian Chamber of Industry and Commerce (DUIHK), succeeding András Sávos whose three two-year terms have come to an end, the chamber announced to MTI on Tuesday. Róbert Keszte has been a member of the DUIHK's executive committee since 2024. He has been employed by […]
Corvin Innovation Campus, developed as an extension of the Corvin Promenade, has received the WELL Core Platinum certification. Futureal was the first in Hungary to commit to applying the WELL Building Standard, which ensures human-centric building design, and has added nearly 150,000 sqm of WELL-certified office space to the Hungarian market over the past four […]
Waberer's International Plc. has entered the passenger transport market after acquiring a 51% stake in Pannon-Busz-Rent Ltd, the international transport and logistics services company told MTI on Monday. According to the information, under the terms of the transaction announced in February and closed this Monday, the company has secured an option to acquire a further […]
The BYD brand's position in the Hungarian new car market is visibly strengthening, with outstanding results in the first four months of this year, and this could improve further as the year progresses with the intensive expansion of the dealer network, supported by a strong model range, according to the Chinese manufacturer's PR agency. BYD […]
Continest Technologies Plc. has established a new subsidiary. Continest Defence Lab for the development of container-based infrastructures designed for defense and humanitarian tasks, the company told MTI. The Defence Lab not only supplies equipment, but as a technology integrator it is able to integrate the developments of various industry players, universities and research institutes into […]
