Innoscitech Ltd.’s new autoclaved aerated concrete plant has been inaugurated in Biharkeresztes, eastern Hungary, as a result of a HUF 14 billion investment, some 40% of which is paid for by Hungarian taxpayers through a government decision. As the Hungarian Investment Promotion Agency reports, the additional substantial production capacities will allow to supply environmentally friendly […]
Facilities managers are optimistic and predict growth in their sector, thanks to the easing of the economic and energy crisis and the ability of national economies to adapt, according to the latest research by the National Association of Facility Management, Building Operation and Maintenance Service Providers (LEO FM). According to the association's release, LEO's quarterly […]
The drip and irrigation pipe production plant of Green Technológia Ltd. was inaugurated on Friday in Lébény, north-west Hungary. It was emphasized at the ceremony that every single plastic product and utensil used in agriculture that is delivered to Green Technológia Ltd. is no longer waste, but a raw material for recycling and can be […]
At the Annual General Meeting of the German-Hungarian Chamber of Industry and Commerce (DUIHK), the 30th since its foundation in 1993, DUIHK members have confirmed András Sávos as President for another two-year term. Prior to the General Assembly, members cast their votes electronically for the election of officers and the amendment of the Statutes, and […]
South Korea-based Sang-A Frontec extends its production capacities at its site in Szada, Pest county. The company is implementing a EUR 25 million investment, of which some 14% is covered by Hungarian taxpayers through a government decision, to ramp up manufacturing of plastic battery parts for its main client, Samsung SDI. The development will create […]
CE Glass Plc. has expanded its thermal insulating glass production capacity at its plant in Szatymaz, on the outskirts of Szeged, SE Hungary, with EU support, and thanks to the development, the energy consumption per product and the reject rate have been reduced, the company informed MTI. According to the statement, HUF 400 million of […]
AIP Labs, a Canadian-Hungarian company pioneering in the use of artificial intelligence in healthcare is moving to the top floor of the ZenGarden office building in Budapest. In 2022, AIP Labs launched its AIPDerm system in cooperation with Semmelweis University. The artificial intelligence-assisted dermatological screening tool was the first in Europe to be integrated into […]
Despite a more uncertain economic environment making things difficult for the real estate sector as well, the residential properties firm Cordia International Plc. has successfully navigated through the obstacles, as evidenced by the many milestones the company has achieved and the figures that show its performance. That is according to the Chairman of the Board […]
Upon the invitation of the Budapest Chamber of Commerce and Industry to the Hungarian capital, a business delegation of high-ranking members of New Jersey State’s politics and business from the United States paid a visit to the headquarters of the Hungarian Investment Promotion Agency (HIPA) followed by an insightful business forum. According to a statement […]
In 2022, with a rental revenue of EUR 15.54 million, the Budapest office complex Graphisoft Park achieved a pro forma net result of EUR 6.02 million, which is more than EUR 400,000 higher than the forecast published last November and 24% higher than our previous year's result. The significantly better result than the forecast is […]
Sales revenue at Mapei Ltd. in the first quarter of this year was HUF 7.2 billion, down 6.6% year-on-year, the company, which manufactures and distributes building materials, told MTI on Thursday. However, the company's export revenues rose by 28% to 169 million forints. The company aims to remain competitive in a changing market environment. To […]
The consolidated net sales of NAP Plc. for 2022 exceeded HUF 2.4 billion, which is almost four times the comparable figure for 2021, according to the company’s annual report published on the website of the Budapest Stock Exchange. In 2022, the company acquired 21 small power plants operating under the METÁR-KÁT support scheme. NAP […]
Spar Hungary has upgraded its Perbál meat plant with an investment of more than HUF one billion, which together with the Bicske meat plant can claim one of the most modern food production sites in Central Europe, the supermarket chain informed MTI on Wednesday. In 2021 and 2022, as part of the HUF 1.1 billion […]
The MOL Group is recruiting 74 Growwwer in seven countries to work on solutions to promote mobility, energy supply and sustainability in the region. MOL Group is once again launching Growww, one of the most exciting regional graduate programs in the region. The highly prestigious one-year program offers a wide range of opportunities for talented […]
A Hungarian company has won the European Bank for Reconstruction and Development's (EBRD) entrepreneurship competition: Smapp Lab took the top prize with two foreign companies in the food technology start-up competition, the EBRD told MTI on Tuesday. The Hungarian company's insect monitoring platform helps optimize pesticide use, Tunisia's Kumulus machines produce fresh water in a […]
