Gyermelyi Plc. has inaugurated an egg production unit in Máriahalom, some 20 kms west of Budapest, with an investment of HUF 1.4 billion, making it the largest egg production plant in the country. The managing director of the egg production firm Gyermelyi Tojás Ltd., Csaba Réthy, stressed that the site in Máriahalom had previously had […]

The engineering office BUILD IT Mérnökiroda Ltd. will build a prefabricated housing production line and plant in Sóskút, SW of Budapest, with EU funding of HUF 1.556 billion, the company told MTI on Thursday. The company won the conditionally non-refundable grant from the Economic Development and Innovation Operational Program (Ginop) Plus. The total cost of […]

Terrán Ltd. is further developing the Generon solar roof replacement in cooperation with the Budapest University of Technology and Economics, with a total project cost of HUF 827.772 million, the company told MTI on Tuesday. According to the statement, the project aims to further develop the Terrán solar modules integrated into roof tiles and to […]

AutoWallis Group’s performance continues to significantly exceed the industry average. The Hungarian company, present in 15 countries in the region, almost doubled the number of vehicles sold to reach a figure of 13,800. Though the growth was supported by acquisitions, organic growth was also strong. After four record years, the AutoWallis Group again started the […]

Compared to 2021, the sales revenue of Ganz Transformer and Electrical Rotating Machinery Manufacturing Ltd. almost doubled to a total of EUR 43.89 million – roughly HUF 17.5 billion – in 2022, the heavy machinery manufacturer said in a statement sent to MTI on Monday. They pointed out that the company's operating profit increased to […]

Companies that view their employees as partners and work with them to create sustainable work models that enable employees to get the best out of themselves are the ones that can succeed, according to Deloitte's Global Human Resources Trends 2023 research, the results of which were released to MTI. The business and management consulting firm […]

The pork processing company Topesa Ltd. has more than doubled its capacity by modernizing its slaughterhouse with a HUF 445 million investment, the managing director of the company, László Somogyi informed MTI. He reported that the Hungarian-owned company, which produces half-skinned pigs, used HUF 269 million of EU and domestic subsidies to purchase a slaughterhouse […]

The latest investment of MERKBAU Plc. was inaugurated this Friday: a joinery and carpentry plant built with a budget of more than HUF 2.5 billion. For the investment, the more than 30-year-old company, which is based in Kiskunhalas, S Hungary, received government support of nearly HUF 1 billion. The company's latest investment, inaugurated in a […]

The real estate Duna House Group achieved record volumes in 2022 by the Italian expansion. The dramatic decline in volumes in Poland and Hungary in 2022 was halted by the end of the first quarter of 2023, with already a quarterly increase in Poland and a turnaround in Hungary in March 2023. The Group says […]

The Hungarian startup ecosystem has had its strongest year yet, with record fundraising and unprecedented optimism but the next one is sure to be tougher, the financial news site PIAC&PROFIT reports. One of the key lessons from the Hungarian Startup Reports of recent years is that the inadequate regulatory environment is a major pain point […]

The packaging technology machinery firm Somapak Csomagolástechnikai Gépgyártó Kft., based in Pécs, S Hungary, has built a production hall, acquired equipment and implemented IT developments with an investment of nearly HUF quarter of a billion. The Hungarian-owned company, which has been operating for more than 30 years and currently employs 54 people, manufactures and exports […]

UBM Group, Hungary’s leading feed producer, has announced the acquisition of 50% of the pig farming firm ‘Mangal Ilona Sertéshizlalda’ Ltd. The transaction is expected to close in July 2023, the purchase price will be paid by UBM from its own resources, without any loans, the amount was not disclosed. The founder, András Moldovan, will […]

The AutoWallis Group closed another record year in 2022 despite another external environment full of challenges last year. The automotive company registered on the Hungarian stock exchange achieved revenue of HUF 270 billion with an EBITDA of HUF 14.5 billion and earnings per share surpassing HUF 19. The growth was primarily organic and exceeded even […]

95% of small and medium-sized enterprises have external sources of finance, 67% of which are bank loans, the Macronóm Institute said, according to its latest corporate research. It was highlighted that 52% of companies received an advance from the Hungarian Development Bank or the EU, 37% received funds from the Growth Loan Program and 35% […]

The seasonally adjusted Purchasing Managers' Index (PMI) for March fell to 55.3 points from 56.3 points in February, with respondents reporting slower growth than in the previous month, the Hungarian Logistics, Purchasing and Inventory Management Association (MLBKT) said on Monday. Compared with the previous March figures, this year's figure is higher than the long-term average […]