UniCredit CEO Andrea Orcel has confirmed that the Italian banking group is interested in acquisition opportunities, especially in Central and Eastern Europe, but will continue to take a disciplined approach, the financial portal portfolio.hu quotes Reuters news agency as saying. In an interview with the Frankfurter Allgemeine Zeitung (FAZ), Orcel said that “we are likely […]
HelloParks has handed over four new buildings covering 174,000 square meters this year, leasing more than 150,000 square meters of warehouse space in its warehouses in 2023, the industrial property developer, which is part of the Futureal Group, told MTI. Among the new buildings that have been handed over, MG3 is located in Maglód, FT6 […]
Leading Korean automotive thermal solution supplier Hanon Systems invests EUR 117 million to develop three of its sites in Hungary in Székesfehérvár, Pécs and Rétság. The projects promises to create 250 new jobs, whilst a large scale training program is also in the pipeline. Hanon Systems is one the only two full-line automotive thermal solution […]
Germany-based technology group ZF invests EUR 62.5 million to implement two large-scale projects in Debrecen and Kecskemét, two automotive strongholds in Hungary. The investments that promise to create 313 new jobs are set to provide capacities to manufacture auto parts in the EV segment. Global technology group ZF is expanding its operations by setting up […]
The recently appointed Managing Director of Porsche Hungaria (PH), Tamás Wachtler expects an increase in sales of its brands next year. This, he says, will further strengthen the company's share of the Hungarian new car market, which already exceeds 20%. At a press conference in Budapest on Thursday, Tamás Wachtler said that this is partly […]
The managers of German companies operating in Hungary are more pessimistic than recent economic indicators would justify - this was the title of a survey presented by the German-Hungarian Chamber of Industry and Commerce, hvg.hu reports. The survey revealed that business leaders put the vision of the Hungarian economy at -40 on a scale of […]
Japanese-owned TDK Hungary Components Ltd. installs a new solar and heat pump system in the value of HUF 3.4 billion, which essentially enables the company to disconnect from the natural gas grid. The investment will be implemented from the company’s own funds and the incentives available under the Hungarian government’s Factory Rescue Program. TDK Hungary […]
The joint venture between LG of South Korea and Magna of Canada is building its first European factory in Miskolc., MTI reports. The HUF 20 billion investment - over 30% of which is covered by Hungarian taxpayers in the form of non-refundable state subsidy - is expected to create more than 200 new jobs in […]
Thanks to a EUR 59.6 million investment BorgWarner takes its Hungarian operation to the next level in Oroszlány, Hungary. The American automotive supplier will add new products to its portfolio to serve demand in the hybrid and electric drivetrain segment. According to a government decision, Hungarian taxpayers cover over a fifth of the investment costs […]
The Hungarian pharmaceutical company Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that it expanded its partnership with Mithra Pharmaceuticals SA with a binding Head of Terms (HoT) agreement for the development and commercialization of the first estetrolbased combined oral contraceptive (15 mg estetrol (E4) / 3 mg drospirenone) and […]
Business service centers play an unquestionable role in maintaining the competitiveness of the Hungarian economy, István Joó, Government Commissioner and CEO of the National Investment Promotion Agency (HIPA) said at the organization’s Business Services Hungary 2023 conference in Budapest on Thursday. The government commissioner stated that there are already more than 200 business service centers […]
Experts say there is clear evidence that there is still demand for energy-efficient, modern buildings. The keyword is traceable energy use, says the financial portal portfolio.hu. The BRF (Budapest Real Estate Consultants Forum) has published its office market summary for the third quarter of 2023, which shows that the total modern office stock in Budapest […]
Deloitte Central Europe's Technology Fast 50 2023 program, which rewards the most dynamic technology companies, received more than 400 applications from 16 Central European countries – as part of the program, five Hungarian companies were included in the list of companies ranking emerging young companies and those with outstanding social impact, the audit and tax […]
Korean-owned Hankook Tire invests nearly EUR 540 million to extend its plant in Rácalmás, located in Fejér County, the Hungarian Invesment Promotion Agency reports. According to MTI, the government is providing taxpayers' money for the project, the amount of which will be disclosed only after the European Commission's approval. Currently operating in over 160 countries, […]
Corvinus International Investment Plc., a 100% Hungarian state-owned company, and Vienna Insurance Group (VIG) have signed an agreement to reduce the state's minority stake in the Hungarian VIG companies from 45% to 10%, the Ministry of Economic Development (GFM) announced in a statement on Tuesday. The statement said that the Hungarian state, as a minority […]
