Belotti Ltd., a company specializing in the construction of industrial floors, is building a factory hall of 600 square meters in Szekszárd, southern central Hungary with 50% support from the Economic Development and Innovation Operational Program Plus. The facility, which will be built as an extension of the company's existing 400-square-meter warehouse and production hall, […]
The turnover of Starschema Ltd. reached HUF 7.7 billion last year, an increase of 55% compared to 2021, the IT company has told MTI. The domestic market leader in data analytics and data visualization has boosted its growth rate despite the unfavorable economic environment, closing with a 20-25% increase in previous years, it said. This […]
PowerQuattro Plc. has developed a new railway safety device, which has received more than HUF 294 million in non-refundable EU funding for the project under the Széchenyi 2020 program, the company told MTI. The research and development project, which was carried out over a period of two and a half years, involved the development of […]
The new turning shop of Fábafém Ltd. in Mezőberény, SE Hungary, equipped with turning machines, has been completed with an investment of HUF 450 million. As MTI reports, Fábafém Ltd. in Békés county won almost HUF 314 million from the EU's Economic Development and Innovation Operational Program Plus (GINOP), which it supplemented with around HUF […]
The Komárom-based cleaning products manufacturer Well Done Ltd. has invested more than HUF 1 billion in environmental protection projects, including a heat pump system to replace gas consumption and the production of recycled bottles for packaging its products, the managing director of the Israeli-owned company told MTI on Friday. According to Zsolt Stefankovics, the company […]
German automotive parts and equipment supplier Robert Bosch GmbH increased its turnover and improved its profit in 2022, according to a report received by MTI on Thursday. According to the preliminary figures, Bosch Group sales totaled EUR 88.4 billion, an increase of 12% – or about 10% excluding currency effects – compared to the previous […]
Despite the economic challenges, 78% of Hungarian CEOs do not plan to cut staff and 97% do not plan to reduce employee compensation in the next 12 months, a partner of PwC Hungary's tax advisory business said at a press conference in Budapest on Wednesday. According to Barbara Koncz, the Hungarian CEO survey, which was […]
The gross sales revenue of the Budapest-based liquor company Zwack Unicum Plc. was HUF 29.8 billion in the first three-quarter financial period from the beginning of April to the end of December, which is 13% or HUF 3.5 billion more than the previous data for the same period of the business year. As the spirits […]
The Hungarian pharmaceutical company Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that it has acquired from shareholders of Consilient Health 100% control of OC Distributors Ltd., an Ireland based company holding the marketing and distribution rights of a number of women’s healthcare products. The transaction value is GBP 32.5 […]
The Budapest Stock Exchange Ltd. (BSE) suspended exchange trading in the ordinary shares of the issuer Graphisoft Park SE Real Estate Development European Company Limited by Shares from the beginning of Pre-Trading phase on February 13, 2023 until the end of the Post-Trading phase on February 14, 2023, a statement on the website of the […]
A new stakeholder joins the Hungarian electric vehicle manufacturing landscape thanks to Nippon Paper’s investment in Vácrátót, north of Budapest to produce high-performance environmentally friendly cellulose-based additives for batteries, according to the Hungarian Investment Promotion Agency (HIPA). The company plans to set up an 8,000-square-meter plant in Hungary that is expected to be up and […]
Among medium and large companies, eight percentage points more firms reported in the second half of the year than in the first half of 2022 that they had introduced a new product or service or significantly improved its quality in the two years preceding the survey, K&H Bank said on Friday, based on its latest, […]
Hungary's OTP Bank has announced that the Slovenian competition authority has approved its acquisition of Slovenia's Nova KBM d.d. According to the announcement by the Hungarian financial institution published on the website of the Budapest Stock Exchange this Thursday, the Slovenian Competition Protection Agency approved, at its meeting on January 31, 2023, the acquisition of […]
From January 2024, the Electrolux factory in Nyíregyháza, NE Hungary, will no longer produce refrigerators. The company took this decision after examining the capacity utilization of the plant, which employs 650 people, and future volume forecasts. "The results of the impact study and the current business environment required us to act. Our goal remains to […]
The German Boysen Group has announced that it will build a battery casings plant in Nyíregyháza, NE Hungary that will be the first facility of its global operation to manufacture exclusively EV products, the Hungarian Investment Promotion Agency reports. A EUR 150 million investment, over 9% of which is covered by Hungarian taxpayers through a […]
