Ho Taek Lim, as an experienced manager with many years of experience, took over as Managing Director of the Hankook Tire factory in Rácalmás. He was appointed to the position from December 1, 2024, after the retirement of Hyung Yun Kim, the company has announced. “Having already worked here at the site in the past, […]
The building construction general contractor Belotti Ltd. has built a factory hall and installed a new production line for the serial production of innovative products, mainly for the production of industrial floors in Szekszárd, south-central Hungary, the company told MTI. The HUF 320 million investment was implemented with 50% support from the Economic Development and […]
As the last element of the Mátranovák 2030 development program, a logistics hall worth HUF 600 million will be built in Mátranovák, NE Hungary with the total development program worth HUF 6 billion. Alstom's Mátranovák site will provide one third of the Group's railway bogie manufacturing capacity, the rolling stock manufacturer company told MTI on […]
Gedeon Richter has announced positive topline results from Phase I and Phase III clinical studies for its proposed biosimilar to RoActemra® tocilizumab that has the development code 'RGB-19'. The Hungarian pharmaceutical firm points out in a statement on the webiste of the Budapest Stock Exchange that Phase I clinical study evaluated the equivalence of pharmacokinetics […]
Egis Pharmaceuticals Plc. has acquired one of Teva Pharmaceuticals Plc.'s well-known product family for skin application, following the approval of the competition authority, the pharmaceutical manufacturer informed MTI on Monday. According to the statement, the takeover of the distribution and promotion of the product line began on December 17, 2024, and the parties sought to […]
A HUF 50 billion investment by the Chinese automotive company Xinzhi in Hatvan, east of Budapest, will create almost 900 new jobs, according to the Hungarian Ministry of Foreign Affairs and Trade. In a statement sent to MTI said on Monday, Minister Péter Szijjártó announced that Xinzhi, a market leader in the production of one […]
As of January 1, 2025, Balázs Károly occupies the position of Commercial and Customer Service Director of Provident Financial Ltd., the company has announced. According to the statement, he comes to the role with outstanding professional experience and in-depth market knowledge. He has worked for more than a decade at Provident's Hungarian, Bulgarian and Romanian […]
L'Oréal has appointed a new managing director for the Czech, Hungarian and Slovakian markets. Monika Masewicz took up the post from January 1, 2025, the company told MTI on Monday. The new managing director joined the company in 2015, and in recent years she was the director responsible for L'Oréal's skin care business in Poland […]
WABERER’S INTERNATIONAL Plc. has announced that it signed a sale and purchase agreement this Monday to acquire a 62.5% stake in GYSEV CARGO Plc. and committed to a further capital increase in GYSEV CARGO after the closing of the transaction – in the expected value of cca. HUF 2 billion – to develop the railway […]
Gránit Bank has carried out the largest public offering of shares in Hungary in the last 25 years, the founder and CEO of Gránit Bank Plc., Éva Hegedüs said on Monday after the bank's shares were launched on the standard category of the Budapest Stock Exchange (BSE) with a symbolic bell. Éva Hegedüs stressed that […]
Shopper Park Plus Plc. is hereby making a public announcement relating to the acquisition of a Tesco-anchored Slovakian portfolio and the signing of financing documentation required to the implementation of the transaction, the company has announced on the website of the Budapest Stock Exchange. SPP says it has previously published information on the transaction, its […]
The Eventrend Group, a Hungarian group of companies, has recorded the highest revenues in its history and is a dominant player in the Hungarian catering and event management market. With 1,100 employees, more than 30 projects and the operation of world-renowned and renowned catering venues, the company's year-end report shows that it is the largest […]
The facilities management company B+N Referencia Plc. has announced on the website of the Budapest Stock Exchange signed an agreement to acquire KÖBERL Group. B+N has thus acquired a qualified majority stake in one of Germany's leading providers of facility management and building services. With nearly 28,000 employees in eight countries, B+N Referencia Plc. is […]
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 […]
