The innovation activity of Hungarian companies has not changed in the past six months; K&H's index measuring this stagnated at 28 points on a scale of up to 100, which means that Hungary's gap with the largest innovator countries and the EU average has increased, but digitalization has strengthened, Balázs Németh, head of innovation at […]
The TritonLife Group has opened a new private hospital in Miskolc, NE Hungary, with a HUF three billion investment, the Hungarian-owned private healthcare provider told MTI on Thursday. In their statement, they emphasized that it was for the first time that the National Public Health Center granted a license to an integrated private healthcare institution […]
Entrepreneurship is considered an attractive and socially valued career path in Hungary, and the number of businesses has started to rise again, according to research by Global Entrepreneurship Monitor and Erste Bank sent to MTI on Wednesday. Despite the turbulence of the past year, the public's assessment of the entrepreneurial climate in Hungary is basically […]
The Veszprém site of Continental Automotive Hungary Ltd., which is celebrating its 30th anniversary this year, has reached the one billion sensor production mark, the company told MTI. The Hungarian subsidiary of the German automotive group said in a statement that thanks to the developments of the past decades, the Veszprém site, which is already […]
US-based Dana Incorporated has announced to launch two projects to expand its operation in Győr. The leading auto parts manufacturer adds new capacities worth some EUR 96 million to meet growing demand for EVs. The investments, over 18% of which are covered by Hungarian taxpayers through a government decision, will create nearly 300 jobs for […]
Amazon Web Services (AWS) has opened its first office in the Hungarian capital, as part of the company's ongoing expansion in Central and Eastern Europe to serve a growing number of regional customers and partners, the company told MTI on Monday. The new Hungarian headquarters will enable staff to provide even more support for migrating […]
The Hungarian Business Leaders Forum (HBLF) launched a campaign to promote the role of women in corporate leadership. Entitled ’CEOs Leaders for Balance’, the initiative is aimed at raising awareness and promoting diversity in the Hungarian corporate world. As part of the program, HBLF paired up 12 executives living and working in Hungary to work […]
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 […]
