Feintool, a Swiss-owned leader in precision electrical steel and formed steel components manufacturing, is investing EUR 34.1 million to expand its Tokod facility in Hungary’s Esztergom district. The project will add 6,740 square meters to the existing plant, with the new production unit is scheduled to start production by late 2025, the Hungarian Investment Promotion […]
MVM Energy Private Limited Liability Company has informed the market participants on the website of the Budapest Stock Exchange about an agreement on the takeover of E.ON’s Romania unit. The announcement states that E.ON Group and MVM Group have reached an agreement on the sale of E.ON’s retail and customer solutions business in Romania. Under […]
The announcement on the appointment of Csaba Belovai by the Hungarian liquor producer was made on the website of the Budapest Stock Exchange in compliance with its obligation to provide notification of extraordinary events as set out in EU and Hungarian regulations. The Board of Directors of the Company by its resolutions dated December 16, […]
Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that on December 16, 2024 – according to its program related to employee share bonuses – 206,546 treasury shares were granted to 4,974 employees. Until January 1, 2027 the shares will be held in deposit on the employee’s securities accounts kept by […]
Peter Roebben, the current CEO of KBC Group's Bulgarian unit, will take over from Guy Libot as CEO of K&H Bank in Hungary on January 1, pending approval by the competent authorities, K&H Bank has told MTI. According to the statement, Peter Roebben started his career at KBC in 1991. Within the group, he has […]
In a private placement, the AutoWallis Group has issued EUR 20 million in bonds with favorable terms, contributing to the company continuing to bolster its position as a major regional car sales and mobility service provider. The funding aims to provide financing for the continued international expansion and the acquisitions of AutoWallis, currently present in […]
Gedeon Richter Plc. and Hikma Pharmaceuticals Plc. has announced that the U.S. Food and Drug Administration (FDA) had accepted for review the Biologics License Applications (BLA) for RGB-14, a Denosumab biosimilar candidate comprising two biosimilar products referencing Prolia® and Xgeva®, a human monoclonal antibody for the treatment of osteoporosis and fractures due to bone metastasis, […]
The 1,200-square-meter warehouse of the Continental Tobacco Group has been inaugurated at the Pataki Road industrial estate in Sátoraljaújhely, NE Hungary, the company told MTI on Wednesday. According to the information, the warehouse, which was built with HUF 463 million of the company's own funds, was completed as part of the tobacco company's HUF 16.5 […]
The 36th Annual General Meeting of the American Chamber of Commerce (AmCham Hungary) has elected Ákos Janza, MSCI's Global Head of AI and HR Transformation and Office Operations, as its President, the organization has told MTI. Ákos Janza will take over from Zoltán Szabó, Head of Sales and Customer Service Experience at Deutsche Telekom TSI […]
Black Friday and the Christmas gift-giving season place a huge burden on the logistics industry. Shoppers expect ever faster and more reliable service as standard, and it's easy to bleed if you make a mistake. Ádám Mészáros, Managing Director of DHL Express Hungary, spoke in the latest edition of the Sounds of Industry podcast about […]
The construction of BMW's new Debrecen plant is proceeding at full speed, and the plans are unchanged, the plant's CEO, Hans-Peter Kemser has told MTI. In a statement, he wrote that no capacity had been reduced and there were no changes to the planned production of models. Pre-series production is underway and series production will […]
GLS Hungary has installed its 2,000th parcel machine in Budapest's MOM Park, thus covering about a quarter of the Hungarian parcel machine market; the continuous expansion of the network remains a key part of the company's strategy, the company told MTI on Thursday. They added that the company currently operates a total of around 3,050 […]
Körber Hungária Gépgyártó Ltd. (Körber) has made improvements worth more than HUF 3.6 billion at its Pécs plant in 2024, the German-owned company, which manufactures production lines and components, told MTI on Thursday. Körber, formerly Hauni, which used to mainly manufacture and supply parts for tobacco machinery, but now mainly serves the pharmaceutical industry and […]
Over the weekend, the Indotek Group completed the acquisition of Auchan Hungary Ltd. In addition to the 47% stake in the retailer, the real estate investor will also take over the operational management of the Auchan chain of stores, the investor told MTI on Wednesday. Auchan Magyarország Kft. and its domestic interests involved in the […]
Moody's Ratings has withdrawn its 'Baa3' long-term investment grade rating on the Hungarian oil and gas company Mol. The international credit rating agency stressed in the reasons for the decision announced in London that it had withdrawn the rating of the Hungarian oil and gas group on the basis of its own business considerations. Moody's […]
