Switzerland-based Stadler Group announced to expand its rail car body manufacturing capacity with an investment of EUR 45.2 million in Szolnok, E Hungary. Close to 30% of the investment costs are covered by Hungarian taxpayers through a government decision. The Stadler Group is a major player in the rail segment, producing high-speed, intercity, regional and […]
Audi Hungaria Ahead Ltd. is launching a broad-based knowledge enhancement training project that will enable around 500 employees to expand their competences in various fields over the next two years. The program will cost EUR 4 million, half of which is covered by Hungarian taxpayers through a government decision. Audi Hungaria has been steadily building […]
As a result of a EUR 15 million greenfield investment, PEX Automotive Systems Ltd.. and Baolong Holdings Europe Kft. set up a new production site in Szigetszentmiklós that has now been officially inaugurated. About 30% of the investment cost is borne by Hungarian taxpayers through a government decision. Apart from manufacturing the traditional products of […]
K&H Bank's profit in the first half of this year was HUF 35.8 billion, up from HUF 9.7 billion a year earlier, driven by lending and an expanding customer base, the bank said at a press conference in Budapest on Monday. Guy Libot, CEO of K&H Group, said that despite the negative impact of the […]
Robert Bosch Energy and Body Systems Ltd., which is 20 years old this year, will implement two investments worth a total of EUR 48 million at its Miskolc site by mid-2025. The company will spend EUR 12 million to further expand the development and testing of electric drives in Miskolc, and around EUR 36 million […]
After a round-up of the impact of home working on the office market, the financial news portal portfolio.hu asked office market experts about their experience of rent inflation, whether there is still room for rental growth, how much competition there is for tenants and how important energy efficiency is for new tenants today. The office […]
With a greenfield investment of around HUF 52 billion, GKN, one of the world's largest automotive suppliers, is creating 1500 jobs in Felsőzsolca. According to a statement by the Ministry of Foreign Affairs and Trade, the British-owned automotive parts manufacturer GKN Automotive Hungary Kft. said at a factory opening that the company will supply BMW, […]
The latest development at Sanofi's Csanyikvölgy plant has been inaugurated at a ceremony, resulting in an investment of almost HUF 8 billion to increase the production capacity of prefilled syringes by one and a half times. Some 19% of the investment costs are covered by Hungarian taxpayers through a government decision. Founded in 1973, Sanofi […]
With an investment of around EUR 61.9 million, Samsung SDI is boosting its Hungarian R&D activities in Göd. As a result of the decision, the company is committing to create 25 R&D jobs, and it is the first company in Hungary to launch a battery technology training course at Óbuda University. Hungarian taxpayers cover close […]
Commsignia, a Budapest-based manufacturer of automotive communication devices, has raised USD 15 million in capital from Hungarian and foreign investors, the company told MTI on Wednesday. The fundraising was led by Hungarian PortfoLion Capital Partners and Day One Capital, as well as Finnish Inventure and British Inference Partners, with the participation of US-based Qualcomm Ventures, […]
Lear Corporation Hungary Ltd., the local subsidiary of the automotive multinational firm, announced the collective redundancies of more than 800 employees at a workers' meeting this week. Zsolt Kozma, president of the Lear Employees' Union, told reporters that the company announcement about the layoff means the closure of the wiring loop factory in Gödöllő, east […]
According to the report OXO Technologies Holding Plc. published for the first half of 2023 on the website of the Budapest Stock Exchange, its business results show the successful management of the investment company, increasing profitability and dynamic growth of its assets under management. The technology holding company, which has been present on the domestic […]
The ten millionth electric steering gear has rolled off the production line at Robert Bosch Automotive Steering Ltd. in Maklár, which employs 1,600 people, the company told MTI. The company, which is twenty years old this year, has become a leading firm and one of the largest employers in the region, the statement said. The […]
Mapei Ltd. is investing HUF 8 billion to build a new production line for roofing materials and a 12,000-square-meter warehouse in Hungary, the company, which manufactures and distributes building materials, told MTI on Wednesday. The development, to be completed by 2025, will be able to supply not only Hungary but also the region with high-quality […]
Alteo Group achieved consolidated revenues of HUF 58.8 billion in the first half of this year, up 55% compared to the same period last year, while its profit after tax increased by 10% to HUF 8.8 billion in the same period, the energy services and trading company announced on the website of the Budapest Stock […]
