An investment worth EUR 8.19 million has been inaugurated at the Szirmabesenyő site of the 100% Hungarian-owned Ongropack Ltd., further strengthening the company’s market position in Hungary’s plastics industry. Ongropack Ltd. was founded in 1994 and is the only PVC sheet manufacturer in Central and Eastern Europe. With its foamed sheet products, Ongropack is at […]
OTP Group has been awarded Best Bank in Central & Eastern Europe by Global Finance in its 33rd annual Best Bank Awards, recognizing the Group’s outstanding regional performance, the Bank said in a statement on its website. In addition to the regional title, two OTP Group members earned top national distinctions: OTP Bank was recognized […]
Italian air handling solutions specialist Weger launches an investment in Hungary to expand production capacity, the Hungarian Investment Promotion Agency (HIPA) reports. The EUR 24.6 million project aims at the construction of a 10,000 square-meter production hall in Jászárokszállás (Central Hungary), equipped with advanced machinery, as well as automated and digitalized manufacturing solutions to improve […]
Hungarian Electraplan and German cable tray system specialist Niedax have announced a EUR 72.5 million joint investment in Hungary, the new facility will produce infrastructure components for Germany’s large-scale railway upgrade program. The plant in Vésztő, in south-eastern Hungary, will produce fiberglass-reinforced cable tray systems and covers. With a manufacturing capacity of 5,000 kilometers per […]
Specialized in metal processing, Iron-Tech has announced a nearly EUR 6.5 million capacity expansion and energy efficiency investment. The project will create six new jobs at the company’s Szigetvár site in S Hungary. The Polish-owned company, with decades of experience, is a well-established player in Hungary’s engineering industry, specializing in precision CNC machining. Employing nearly […]
The project by the Hungarian-owned company Rév-Bíró-Vart Metal Plc. in Mezőtúr, E Hungary, is expected to create 110 new jobs and to significantly contribute to the region’s competitiveness, according to a report by Hungarian Investment Promotion Agency (HIPA). Rév-Bíró-Vart Metal Plc. has several decades of industrial experience in metal component manufacturing, particularly in toolmaking, component […]
The inauguration of Scrub Daddy’s Hungarian investment and the ceremonial signing of a strategic cooperation agreement with the government took place in Mártély, SE Hungary. Scrub Daddy was founded in 2012, while the idea for its flagship product dates back to 2006. The American startup gained recognition on the TV show Shark Tank, where it […]
According to a report published on the Budapest Stock Exchange (BSE) website, Hungarian meat industry company Kometa closed 2025 with lower revenue but higher profits compared to the previous year. Annual revenue fell from HUF 91.39 billion to HUF 87.81 billion, while net profit rose from HUF 663.4 million to HUF 675.3 million. The company […]
The 100% Hungarian-owned Hód Plast Ltd. has established an IBC tank and barrel manufacturing facility in Algyő, SE Hungary, with an investment of EUR 6.5 million, the Hungarian Investment Promotion Agency (HIPA) reports. Founded in 1998, the company manufactures plastic bottles, canisters of various sizes, and the caps used for these containers. Their products are […]
The Hungarian dairy company Tolnatej has announced a new investment project. As part of the EUR 26.1 million development, the company will establish a new, automated whey protein processing plant in Szekszárd. The investment will enable Tolnatej to enter a new product segment and strengthen its market position and export capabilities by producing high value-added […]
SUGO FOOD Ltd. has announced a EUR 45 million investment at its site in Baja, S Hungary. As part of the development, the company’s existing production capacity will be expanded, alongside upgrades to its energy infrastructure. The project is expected to create 30 new jobs. The Belgian-owned SUGO FOOD is Hungary’s only producer of tortilla […]
Hungarian nuclear medicine supplier Medi-Radiopharma is launching an R&D investment to develop a pioneering manufacturing technology, the Hungarian Investment Promotion Agency (HIPA) reports. Supported by the HIPA, the EUR 6.56 million investment aims to introduce an industry-scale, automated technology to produce radiopharmaceuticals, that is faster, and more efficient and accurate than the currently dominant manual, […]
Raiffeisen Bank Plc. has announced that it successfully closed the 2025 financial year while further strengthening its market position. Despite the challenges posed by the global economic environment, the Bank adapted effectively and achieved outstanding results across multiple business segments. As Chief Executive Officer György Zolnai highlighted, the bank's Corporate and Investment Banking division stabilized […]
GlaxoSmithKline Biologicals Ltd., based in Gödöllő, about 30 kilometers northeast of Budapest, serves as one of the world’s centers of excellence for vaccine manufacturing. The Gödöllő site has been producing vaccine components, bulk antigen and carrier protein since 2002, building on a 50-year scientific competence heritage in Hungary. The site produces the raw materials for […]
Consolidated after-tax profit of MBH Bank, Hungary's second-largest commercial lender, fell 17% to HUF 165.1 billion in 2025, an earnings report released on Thursday shows. Consolidated after-tax profit of MBH Bank, Hungary's second-largest commercial lender, fell 17% to HUF 165.1 billion in 2025, an earnings report released on Thursday shows. Net interest revenue dropped 9% […]
