Following a tender offer procedure that closed on Friday, Waberer's International's two main shareholders, MHB Optimum Plc. and High Yield Vagyonkezelő [Property Management] Plc., have acquired 8.4% of the transport company Waberer's shares, Waberer's announced on the Budapest Stock Exchange's website. The Offerors are obliged to carry out the financial settlement in respect of the […]
The Stellantis car group (formed last year by the merger of Fiat and other car manufacturers) has announced the acquisition of aiMotive, a Hungarian company that develops software for self-driving cars. Under the terms of the agreement between Stellantis and aiMotive, the Hungarian company will become a subsidiary of Stellantis and its founder, László Kishonti, […]
CK EM Solution celebrated the opening of its first Hungarian plant in Heves, Hungary where heat sink glue is produced. The total investment of EUR 10.42 million is implemented in two stages, the first of which provides an annual capacity of 1,000 tons of heat sink glue used for EV battery production. CK EM Solution […]
The implementation of an ambitious development plan thru 2025 is underway at Siemens Energy’s Hungarian operation, an important pillar of which is the erection of a 17,000-square-meter production hall in Budapest that just broke ground. Part of the investment is a training program, and in total 400 new jobs will be created along the way. […]
The Hungarian pharmaceutical firm Gedeon Richter Plc. has announced an important change in the executive management of company on the website of the Budapest Stock Exchange. “The company hereby informs its honorable shareholders that with effect from November 15, 2022 Mr. Erik Bogsch resigns from his position regarding the direct supervision of Commercial, International and […]
Alteo Group, active in the energy sector, achieved consolidated revenues of HUF 62.7 billion in the first three quarters of this year, up 116 % compared to the same period last year, while its profit after tax increased by 128 % to HUF 11.2 billion in the same period, the energy services and trading company […]
A EUR 200 million investment to set up JYSK’s distribution center in Ecser marks the beginning of a new chapter of the regional presence of the Danish store chain. Hungary’s largest single space logistics hub that can host over 200,000 palettes is set to serve markets of Croatia, Slovakia and Slovenia, and as a result, […]
Pilulka, the Czech Republic's largest online pharmacy, has launched operations in Hungary and will soon continue its expansion in Austria, the company has told the Hungarian state news agency MTI. Pilulka.hu aims to become Hungary's number one online drugstore, also accessible from mobile apps. According to the statement, the Czech online drug retail and mail […]
Three new halls will be built and infrastructure improvements will be carried out in the industrial park in Szekszárd, south central Hungary, with the support of the HUF 2.8 billion Operational Program for Regional and Urban Development, the town’s municipality told MTI. The construction of the 2,423, 1,122 and 445 square-meter halls will start in […]
The general level of trust in the construction industry among contractors in Hungary has improved slightly, but is still at a medium level, the CEO of Mapei Ltd., Béla Markovich said, at an online press conference presenting the results of this year's Construction Industry Confidence Index survey on Wednesday. This year's Construction Industry Confidence Index […]
Toolstyle Szerszám- és Alkatrészgyártó Kft.[Tool and Spare Parts Production Ltd.], based in Miskolc, NE Hungary, has won EUR 119.26 million EU subsidies under the Széchenyi Plan Plus program, which will help it move towards robot-driven production, the company told the state news agency MTI. According to the statement, the HUF 238.5 million investment will be […]
Supported by the strong Upstream and Downstream performance, driven by the macroeconomic factors, Clean CCS EBITDA resulted in USD 1,449 mn in Q3 2022, the Hungarian oild and gas company MOL said on the website of the Budapest Stock Exchange. This result brought Q1-Q3 2022 EBITDA to USD 3,627mn that allows MOL to further upgrade […]
The expectations of Hungarian companies have become more pessimistic for the 2023 economic year, but half of the companies still expect growth next year and a larger share of them plan to increase wages, according to a recent HR Panorama 2022 study by Profession.hu. The findings of the study, which examines current labor market challenges […]
Richter Gedeon Plc. has built and equipped a new molecular biology laboratory at its Debrecen site. The investment was part of a multi-year, partly EU-funded, HUF 4.83 billion research and development (R&D) project to support biotechnology drug development, the Budapest-listed pharmaceutical company told the state news agency MTI on Monday. According to the statement, the […]
Euro-Unior Fűtéstechnika [Heating Technololgy] Ltd. of Orosháza, which is mainly engaged in boiler production, is building a new 500-square-meter production hall and acquiring new machinery with HUF 200 million, the company's managing director, Géza Szabó Jr. informed the state news agency MTI on Wednesday morning. The managing director said that the company won a grant […]
