HR service provider Prohuman has further strengthened its presence in the Central and Eastern European region, following its expansion in Serbia and now it wants to put its Slovenian subsidiary on a growth path, the Hungarian-owned HR service provider has told MTI. According to the statement, Prohuman is active in seven countries – Hungary, Romania, […]
Austrian-owned KRONOSPAN-MOFA Hungary Fiberboard Production Ltd. is expanding the capacity of its plant in Mohács, S Hungary, for the production of fiberboard to the tune of HUF 2 billion, with Hungarian taxpayers covering HUF 286 million of the invested amount as state contribution. The Hungarian timber industry, which employs 16,000 people, also set a record […]
The new high-performance PET bottling production line of Szentkirályi Magyarország Ltd. has inaugurated this week. The HUF 2.8 billion investment was built in the first phase of the company's five-year development program. One of the key objectives of Szentkirályi Magyarország Ltd.'s HUF 10 billion development program, launched in 2022, is the transition to a circular […]
CA Immo is to liquidate its Hungarian interests, with 180,000 square meters of office buildings, including Bartók House and Millennium Towers, being put on the market. Earlier this week, Hungary was classified as a non-core market from a strategic point of view by the supervisory board of Austrian real estate company CA Immobilien Anlagen, which […]
DMG Mori Heitec Digital Kft. implements an ambitious R&D project worth over EUR 11.8 million that aims to develop a software platform thanks to which the entire production life cycle of machine tools is placed in the cloud. Over 20% of the investment costs are covered by Hungarian taxpayers according to a Hungarian government decision. […]
Duna House Group`s revenue grew by 143% to HUF 9.4 billion and EBITDA increased by 47% to HUF 832 million in Q1 2023 compared to the previous year. Management believes that the current quarter was the low point of the market decline since mid-2022 and expects an improving trend in the Group’s core results in […]
The contract between the Angolan Ministry of Interior and the ANY Security Printing Company Plc. has entered into force, the Hungarian company has announced on the website of the Budapest Stock Exchange. The financing agreement between the Angolan Ministry of Finance and the Hungarian EXIM Bank was signed on May 31, 2023 in Luanda, thus […]
The credit guarantee company Garantiqa Hitelgarancia Plc. closed the most successful year in its 30-year history in 2022, with HUF 570 billion in new guarantees, mainly for micro, small and medium-sized enterprise loans; the guarantee portfolio increased by 28% to HUF 2,473 billion, with the company helping the Hungarian SME sector to raise HUF 3,065 […]
The Japanese Seiren Group has set up a new plant in Pécs for over EUR 42 million to manufacture synthetic leather car seat covers. 30% of the investment costs are borne by Hungarian taxpayers through a government decision. The site is the first one ever established by the company in Europe where 170 people will […]
At the Annual General Meeting of the British Chamber of Commerce in Hungary (BCCH), Duncan Graham has been re-elected as Chairman of the organization and new members have joined the Chamber's Council. The newly formed Council is appointed for the next two years. Duncan Graham is the Managing Director of financial and investment advisory firm […]
Doktor24's revenue doubled last year, from HUF 6 billion in 2021 to HUF 12 billion in 2022, the private healthcare provider told MTI. Róbert Lancz, CEO of Doktor24, said that this year's plans include further growth of at least 30%. The number of doctors and specialists working at Doktor24 has now reached 1,000, the number […]
The Zalaegerszeg plant (in SW Hungary) of the French company Schneider Electric (SE) is modernizing production with a HUF 5.3 billion development, the workforce will be increased and the plant's gas heating will be replaced by a heat pump, the company's Zalaegerszeg plant manager said at an event on Wednesday to celebrate the plant's 30th […]
The Hungarian oil and gas company Mol has signed an agreement with BayWa AG to purchase the Szarvas Biogas Plant, a waste processing facility that uses organic waste to generate electricity and heat through cogeneration with a peak electrical capacity of about 4 megawatts in the eastern Hungarian town of Szarvas. According to the company, […]
German-owned Termelés-Logistic-Centrum Ltd. invested HUF 21 billion to set up a new production plant in Litér, Veszprém county, Hungary, with the purpose of revving up manufacturing of steel structural components of loading and lifting equipment. The project, for which Hungarian taxpayers cover over 10% of the investment costs, triggers the creation of 80 new jobs. […]
The Bosch Group's total net sales in Hungary amounted to HUF 2,255 billion last year, up 32% year-on-year, with an increase of 21% in euro terms, the company informed MTI. The statement said that the group's turnover in Hungary – sales from outside the group – rose 15% to HUF 314 billion. The Bosch Group […]
