HelloParks has expanded its warehousing capacity in Fót and Maglód, both just outside Budapest, and six companies have agreed with the developer to lease almost 18,000 square meters of space in the 26,000-square-meter and 46,000-square-meter buildings, the industrial real estate developer told MTI on Wednesday. The two new warehouses of HelloParks were inaugurated in the […]
As part of its global renovation program, JYSK opened its 2,000th remodeled store in Gödöllő this Wednesday, and the home furnishing chain also opened its 92nd store in Hungary in Nagyatád. According to the company statement released on Wednesday, the Danish retail chain started one of the largest renovation programs in its history in 2021, […]
Chinese-owned Huayou Cobalt has announced to set up its very first European plant in Ács, Komárom-Esztergom county, Hungary. As a result of the almost EUR 1.3 billion investment, substantial cathode material production capacities will be created for electric vehicles. The project that will receive Hungarian government support, the amount of which is to be made […]
Many companies in Hungary are unaware that their activities may qualify as research and development (R&D) activities, which could qualify them for tax breaks or cash grants to boost their competitiveness, Deloitte said in a statement sent to MTI. R&D is based on some scientific or technical uncertainty, and is also a novel and methodical […]
Holcim Hungary Ltd.'s Open Day for stone mine visits in June was a great success with a record number of participants. The event gave visitors an insight into the daily life of the Bükkösd Quarry, the history and process of limestone extraction, and a first-hand look at the machinery used for extraction. According to a […]
For the first time, Visa has awarded women-owned businesses in Hungary, with the five winners receiving HUF 2 million each and one-year mentoring, Visa told MTI on Friday. Visa's She's Next program provides financing, management and development assistance to women-owned businesses. Almost 400 businesses applied to the competition, which was launched in Hungary in March, […]
The majority of companies operating in Hungary are focusing on digital transformation, and only 34% of them do not consider it a significant challenge. K&H's innovation survey, the results of which were communicated to MTI this Friday, measured the most significant increase in the use of machine learning, especially in personalized offer, service and product […]
The Esztergom plant of Magyar Suzuki Plc produced 129,022 cars in 2022, an annual increase of 20%, while net sales rose by 22.3% to EUR 2.144 billion, the company's executives said at a press conference in Budapest on Thursday. Róbert Krisztián, the company's deputy CEO, added that last year, due to the disruption in logistics […]
31% of Hungarian employers are planning to expand their current workforce in the third quarter of this year, while 18% are planning to reduce their workforce, Manpower Hungary said on Thursday, based on its labor market forecast. ManpowerGroup conducted its quarterly survey among almost 39,000 employers in 41 countries around the world, asking a representative […]
The Budapest Stock Exchange (BSE) has supported the development of 255 Hungarian-owned medium-sized companies with a total of HUF 2.1 billion through its mentoring program, BSE announced on Wednesday. The statement recalled that the BSE's program for the development of the small and medium-sized enterprise sector was launched in 2018 with EU funding. The mentoring […]
Korean-owned Samyang Biopharm’s new plant built for EUR 26.2 million has been inaugurated in Gödöllő where synthetic suture materials are manufactured. The company plans to ramp up production gradually, and it will create 55 jobs. South Korean Samyang Group has been present in Hungary since 2010 when Samyang EP Magyarország Kft. started to manufacture plastic […]
In 2020, Master Good, Hungary's largest poultry processor, acquired Sága, Hungary's leading poultry meat products company, the owner of brands such as Selyemsonka, Dino and Füstli, which celebrated its 25th anniversary this year. The last three years have been a period of technological investment, and now, Master Good says, it is time to put the […]
The global market for mergers and acquisitions (M&A) set a new record for the number of deals in 2022, but the total value of deals was 30% lower than in 2021, according to a new study by the accounting firm Deloitte. The number of transactions hit a decade high, with 44,765 deals last year, up […]
Denso Manufacturing Hungary Ltd. installs three new production lines at its Székesfehérvár site and launches a large-scale reskilling program to adapt to electrification. The investment scheduled to be completed by April 2024 is worth EUR 64.4 million (over 14% of which is covered by Hungarian taxpayers through state subsidy) with up to 55 new jobs […]
Masterplast Plc. and Market Építő Plc. have announced on the website of the Budapest Stock Exchange (BSE) on Friday that they have established a joint venture to develop and manufacture new building materials for Master Plaster and Master Builder Construction. The two companies had a strategic cooperation agreement on the establishment of Budapest-based MIP Alapanyaggyártó […]
