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 […]
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 […]
