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 […]
Uncertainty surrounding EU tenders has only slightly dampened the confidence of companies, with around half of them still considering it realistic to obtain such funding, K&H told MTI on Wednesday, based on the first quarter results of the Hungarian Micro, Small and Medium Enterprises (SME) Confidence Index. K&H has been compiling a quarterly SME confidence […]
ALD Automotive has successfully completed the acquisition of 100% of LeasePlan, one of the world’s leading fleet management and mobility companies, from a consortium led by TDR Capital. This transformative acquisition represents a step-change which positions the combined group as the leading global sustainable mobility player with total fleet of 3.3 million vehicles managed worldwide. […]
Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that its Brazilian affiliate Gedeon Richter do Brasil Importadora Exportadora e Distribuidora SA signed an agreement with Grünenthal do Brasil Farmaceutica Ltda on the commercialization of the latter‘s Women’s Healthcare portfolio. The portfolio includes oral contraceptives Belara and Belarina and food supplements […]
The life insurance segment stagnated, but the property and liability and health insurance sectors in Hungary showed strong growth last year, according to Allianz's latest global insurance report, a summary of which was sent to MTI on Friday. According to the statement, the Hungarian insurance market grew by EUR 0.2 billion, or 7.4%, in 2022, […]
Mercedes-Benz Manufacturing Hungary Ltd. achieved sales of nearly EUR 4 billion in 2022, compared to EUR 3.1 billion in the previous year; its profit before tax also increased: from nearly EUR 75 million in 2021 to more than EUR 96 million last year, the company told MTI. According to the report, the significant positive change […]
The European Commission has given its final approval for the acquisition of OMV Slovenija by the Hungarian oil and gas company Mol, putting the Mol Group on track to become the second largest player in the segment in Slovenia. The Mol Group has fulfilled all the conditions for closing the transaction to acquire a 92.25% […]
After the final assembly and testing of digital microsensors, the last step of chip production will be transferred from Sensirion's Swiss parent company to the Debrecen plant, thus the plant will be involved in semiconductor production, said Managing Director of Sensirion Hungary Ltd., László Ábrahám, at a press conference on Thursday. The managing director highlighted […]
Florin Plc., a manufacturer of disinfectants, cleaning agents and cosmetics products, is improving its logistics system and building a new automated warehouse with an investment of HUF 1.6 billion - with support from the European Union. Attila Barta, the company's CEO, said at the groundbreaking ceremony on Wednesday that half of the costs of the […]
