Duna House Holding Plc. (DHG) has informed the capital market participants on the website of the Budapest Stock Exchange that it has increased its ownership in the Italian Hgroup S.P.A. from 70.00% to 71.14% on December 6, 2022 and subsequently to 77.13% on January 26, 2023 by purchasing shares from three minority shareholders who no […]
After the Hungarian Competition Authority granted its approval, the acquisition of the Nelson Group’s fleet management division has been successfully closed by AutoWallis Group, the latter has announced on the website of the Budapest Stock Exchange. By obtaining Nelson, which is among the ten largest players on the fleet management market, the automotive company has […]
In the last three months of the year, 60,900 square meters of new logistics real estate was delivered in the Budapest agglomeration, while in the countryside almost 48.300 square meters were delivered, according to the Budapest Real Estate Consultants' Forum (BIEF). Last year, a total of 333,210 square meters of new space was added to […]
IKEA Hungary achieved a turnover of HUF 130 billion in the financial year 2022, an increase of almost 20% compared to the previous year, while online sales grew at an even higher rate of 34%, the home furnishing chain told MTI on Thursday. The stores welcomed 3.5 million shoppers, while the share of online shopping […]
KAP Processing Ltd. is to set up a modern metal furniture factory in Mórahalom, SE Hungary, with the support of the European Union, the company informed MTI. According to the statement, the investment, which will be completed by August, will cost HUF 257 million, of which about HUF 180 million forints will be covered by […]
Solar FM Ltd. will produce a rotating support structure for solar panels. The company has won a HUF 1.5 billion grant for the almost HUF 3 billion investment in Komló, S Hungary, under the Economic Development and Innovation Operational Program (Ginop) Plus, which uses EU funding. According to the information provided to MTI by the […]
ASTRASUN Solar Plc. has informed investors on the website of the Budapest Stock Exchange that it signed a cooperation agreement with Műszertechnika-Holding Plc. and IK Metál Ltd. The aim of the agreement is to cooperate in the production of the necessary support structures for the installation of solar parks. The cooperation is divided into three […]
SMP Solutions' smart office project worth more than HUF 485 million has been completed, the company has announced in a press release. The company received a non-refundable grant of HUF 297 million from the National Research, Development and Innovation Office (NRDI Office) for the development. The project includes mobile navigation for orientation, a guest reception […]
The Binax Group, a Zalaegerszeg-based call center operator, will hire 150 new employees this year and 120 next year, in addition to the 150 employees it has so far, the owner of the group said at a press conference on Thursday. Tibor Ott said that the group, which started in Zalaegerszeg in 1998 and currently […]
Labor market service provider Trenkwalder has set up in Gyöngyös, east of Budapest, a new plant, which can provide outsourced tasks related to physical and mental jobs for companies operating in the region. Trenkwalder Managing Director Balázs G. Nagy said at the inauguration of the plant that the assembly plant started with 30 employees, but […]
MASTERPLAST, the largest Hungarian-owned building materials manufacturer in the Central European region, has announced on the website of the Budapest Stock Exchange that it entered into a sales and purchase agreement for the acquisition of 100% of the shares PIMCO Ltd. This makes MASTERPLAST the sole shareholder of PIMCO Ltd. PIMCO Ltd. has a 4.3-hectare […]
The Business Climate Index of the National Bank of Hungary (MNB) improved to minus 5 points in December from minus 7 points in November, but remained in the negative range indicating a negative business climate, the central bank has said on its website . Contributing to the rise in the index was a reduction in […]
Hídtechnika [Bridge Technology] Ltd. has won a non-refundable EU grant of HUF 204.18 million for technological modernization. The project aims to safeguard jobs, improve the company's productivity and expand its portfolio, the bridge renovation and construction company has announced. The total cost of the development, supported under the Economic Development and Innovation Operational Program (Ginop) […]
LAFARGE Cement Hungary Ltd. has reached another milestone on its path towards sustainability: from May 1, 2023, it will continue its activities under the Holcim brand name and with a new corporate identity, the company has announced. According to the statement, the new Holcim brand visually reinforces the company's pioneering role in the circular economy […]
Amplio Automatika Ltd., a company engaged in automation and prototype development, which designs and manufactures target machines for automotive production lines, has implemented a HUF 632 million production capacity expansion in Székesfehérvár with the help of EU funding. The project, which was supported by the EU with HUF 284.68 million, is aimed at expanding production […]
