AutoWallis Distribution, a subsidiary of the AutoWallis Group, will be the wholesale distributor of the Opel brand in Hungary, Bosnia and Herzegovina, Croatia and Slovenia for another five years, at least until the end of 2028, the AutoWallis Group told MTI on Thursday. Gábor Ormosy, CEO of AutoWallis Plc, said in a statement that the […]
According to the fourth quarterly survey of the K&H SME Confidence Index 2023, which indicates the expectations of micro, small and medium-sized enterprises in Hungary for the upcoming period, the turnover of companies may again rise above the annual inflation rate this year, K&H told MTI on Friday. The bank has been continuously compiling the […]
Swiss-owned Nestlé implements yet another investment in its pet food plant in Bük. As a result of the development in value of HUF 55 billion, 130 new jobs are expected to be created, whereas the output to go up by over 50,000 tons a year. The project marks the last phase of a series of […]
54% of CEOs in Hungary are confident that the global economy will grow faster in 2024, while 60% are confident that the domestic economy will improve, after last year's record pessimistic year, according to the 13th edition of PwC's CEO survey in Hungary. The survey of 297 Hungarian CEOs found that 22-22% expect a slowdown […]
In an effort to gear up for the transition, leading OEM Stellantis invests EUR 103 million to introduce production of electric drive modules (EDMs) at its plant in Szentgotthárd, Hungary. The investment is part of the company’s Dare Forward 2030 strategic plan that outlines ambitious electrification objectives. Stellantis’ preparations for the transition are going full […]
Europtec Ltd., a company with a Swiss background, is building its fourth production hall in Zalaegerszeg, SW Hungary, with an investment of about EUR 5 million, the company's managing director, Gábor Belső said at a press conference in the Zala county seat on Monday. He recalled that the company, which manufactures precision plastic components, has […]
LIBERTY Dunaújváros, Hungary's largest steel producer, which was acquired by LIBERTY Steel Group in October 2023, has restarted production, according to a company press release. The company is continuously expanding production in order to serve its customers in Hungary and Europe at the highest possible level as soon as possible, the European President of LIBERTY […]
The 4 millionth car was produced at Suzuki's Esztergom plant, northwest of Budapest, on Thursday, with the company planning to produce 130,000 cars this year, following 160,000 in 2023, Magyar Suzuki Plc. told MTI. Deputy CEO Róbert Krisztián recalled to journalists at the factory that production at the Japanese carmaker's Hungarian plant started in 1992. […]
Zwack Unicum Plc. achieved gross sales of HUF 31.58 billion in the first three quarters of the 2023-2024 financial year, up 3.4% year-on-year, while its profit after tax was HUF 3.2 billion, a 16.4% decrease, the company announced on the website of the Budapest Stock Exchange (BSE) on Tuesday. According to the report, net sales […]
Sales of the Toyota brand could even expand in 2024 in Hungary, where market players forecast a further decline in new car sales, Toyota Central Europe - Hungary Ltd. said at a press conference in Budapest on Tuesday. According to the importer's executives, this is based on the brand's strong model offensive in a slowly […]
From January to the end of April, ORLEN Hungary will own 63 petrol stations, which will make the company's pumps available at a total of 141 locations on the Hungarian market, ORLEN told MTI on Tuesday. According to the schedule, the company will open an average of four new units every week until the end […]
Magyar Suzuki announced on Monday that production at its Esztergom plant has restarted as planned, the Reuters news agency reported. The company had announced a week earlier, on Monday last week, that production of the Vitara and S-Cross models would be suspended in Esztergom from January 15 to January 22 after supply was disrupted by […]
Under the long-term contract signed at the end of 2023, Autoneum will take possession of a newly-developed hall of more than 5,000 square meters in the second half of 2024 in the CTPark Komárom industrial and logistics park, in addition to the almost 13,000 square meters of space it already uses, CTPark said in a […]
The premium segment is a strong and stable segment of the Hungarian new car market, and BMW Group Hungary has taken the lead with sales of 5,921 units in 2023, the company said at a press conference in Budapest on Thursday. Managing Director Zoltán Gombos said that among the group's brands, BMW's sales reached 5,243 […]
Audi Hungaria Plc. broke its ten-year production record in 2023 by producing nearly 178,000 vehicles and more than 1.66 million engines, the company told MTI on Wednesday. The Győr-based company said in a statement that 177,775 vehicles were produced last year, up from 171,134 the year before, while 1,660,425 engines were manufactured in Győr, up […]
