Trimetrik Ltd., a manufacturer of injection-moulded plastic parts for railway and road vehicles, has built its central production plant in Székesfehérvár with a budget of more than HUF 2 billion, the Székesfehérvár municipality told MTI. The more than 6,000-square-meter plant was built in the Alba Industrial Zone thanks to the Hungarian Multi Program with the […]

H-Vend Service Ltd., based in Szeged, SE Hungary, has developed, with EU support, beverage and food vending machines using digital technology, which can be managed remotely and controlled without touching, the firm's managing director and owner, Gábor Haska said on Friday. At a press conference presenting the project, he said that H-Vend Service Ltd., founded […]

The Hungarian pharmaceutical company Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that the European Medicines Agency (EMA) has accepted Richter’s marketing authorization application (MAA) for its proposed biosimilar to RoActemra tocilizumab. Tocilizumab, the first biologic to inhibit IL-6 signaling, is indicated for the treatment of rheumatoid arthritis, juvenile idiopathic […]

Mapei Ltd., a Hungarian member of the international Mapei Group, a manufacturer and distributor of construction materials, expects 14.8% sales growth this year, despite the fact that the Hungarian market for construction materials is not expected to expand in 2025, said Béla Markovich, the company's CEO, at a press conference in Budapest on Thursday. According […]

KÉSZ Holding Plc. has appointed Róbert Barócsi as Group Sales and Strategy Director of KÉSZ Group, the company has announced this Thursday. The new director comes from within the Group, having previously held the positions of Head of the Architectural and Structural Solutions Division and Managing Director of KÉSZ Metaltech Ltd. In his new role, […]

The leading players of the Hungarian real estate market gathered for the first time on March 26, 2025 at the exclusive HAD Real Estate Business Breakfast, organized by the Belgian-Hungarian owned RaktárAD, to discuss the trends in the SME sector, the issues shaping the future of the industry and the opportunities in the sector. According […]

Amway, the world's leading direct selling company, achieved global sales of USD 7.4 billion (HUF 2,727 billion) in 2024, and HUF 6.1 billion in Hungary, the former down 3% and the latter up 4% compared to 2023, the company told MTI on Friday. According to the information, global sales fell last year due to the […]

With one of the most significant investment projects in its history, Start Plast, a traditional firm in the Hungarian plastics industry, has doubled its capacity, the Hungarian Investment Promotion Agency reports. The plastic injection mold manufacturer based in Újhartyán, near Budapest, has carried out an EUR 3.53 million investment with the assistance of HIPA. Alongside […]

Consumer impression plays a key role in business success, but most companies do not have a comprehensive strategy for this; lack of data is the biggest obstacle to Hungarian companies' ability to offer personalized offers to their customers, EY found in a study of 50 Hungarian marketing and sales executives, which was published in a […]

In the fourth quarter of 2024, RÁBA Automotive Holding Plc., based in Győr, NW Hungary, took major steps to adjust to the challenges of the global automotive industry, the company announced this Tuesday. The report says the Rába Modernization Program continues to be in the focus of attention through numerous technological developments key to increasing […]

Sátoraljaújhely-based Continental Tobacco Plc., an independent, Hungarian family-owned private company that combines several European tobacco companies, closed last year with a significant increase in turnover and staff numbers, the company told MTI on Tuesday. According to the statement, the tobacco company's headcount increased by 15% in one year, so that including the employees of the […]

Audi Hungaria Plc., based in Győr, NW Hungary, achieved sales revenue of EUR 8.611 billion (HUF 3,426.7 billion) in 2024, which is EUR 491 million (HUF 195.4 million) less than in 2023. The company told MTI that its operating profit last year was EUR 368 million (HUF 146.4 billion), while in 2023 it reached EUR […]

Mercedes' new factory in Kecskemét will also start serial production early next year, doubling the company's production capacity in Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó announced in Stuttgart on Tuesday. The minister said that Mercedes decided to build a factory in Hungary about a decade and a half ago, and now a […]

Last year, the WING Group, that is, WING Hungary, Bauwert AG and ECHO Investment together, successfully closed property sales worth almost EUR 300 million, one of Central Europe's leading property development and investment groups told MTI on Tuesday. The group sold three office buildings in three countries worth more than EUR 200 million and a […]

Major electrolyte producer KunlunChem is set to expand the traditional chemical industry in Szolnok with a low-energy factory by an investment exceeding EUR 100 million, according to the Hungarian Investment Promotion Agency (HIPA). The Chinese company’s greenfield investment builds upon a strong tradition, as the largest chemical plant of the region, the Tiszamenti Vegyiművek was […]