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 […]
Sales of the AutoWallis Group set new records in all divisions and areas in 2022, continuing down the path of dynamic growth with the aim of becoming a major vehicle trading company and mobility service provider in the Central and Eastern European region by the end of the decade, the Group said on the website […]
Hungarian construction firms may face a challenge in finding customers in the coming period, as investors have become much more cautious due to rising prices of raw materials, raw materials and energy on the one hand, and capacity constraints on the other. Market Építő Plc. [Construction Plc.] expects construction output to slow in 2023 compared […]
Following the HUF 50 billion investment announced two years ago and the HUF 35 billion investment launched last year, Nestlé Hungária is again embarking on a large-scale development of its pet food production base in Bük, NW Hungary, according to a company press release. The new investment of nearly HUF 140 billion announced this Friday […]
Toyota had its best year ever in the combined passenger car and light commercial vehicle market in Hungary in 2022, with its dealerships selling 15,102 vehicles, giving the brand an 11.7% share of an otherwise shrinking market, the country director of Toyota Central Europe Ltd., Richárd László said at a press conference in Budapest. Toyota […]
A company providing complex renewable energy services was founded by Biggeorge Holding and Energy Independence Kft. under the name 8G Energy Holding Plc., then the joint company bought Solarkraft Home Plc., owned by Energy Independence, which in the future will continue under the name 8G Energy Solutions Plc. operation. The two founders of Energy Independence, […]
4iG and the Hungarian state concluded the final purchase agreement for the purchase of Vodafone Hungary, 4iG announced on the website of the Budapest Stock Exchange this morning. The value of the transaction is HUF 660 billion and the deal can be closed at the end of January. According to the announcement by the info-communications […]
B+N Referencia Zrt. has a history of almost three decades and has grown into Hungary's leading facilities management company. For years, it has been consistently featured in the ranking of the 500 Hungarian companies with the highest turnover. The Chief Executive Officer of the company, Ferenc Kis-Szölgyémi tells Diplomacy&Trade about the company’s development, their tailored […]
AR-Robotics Ltd., situated in the western industrial park of Debrecen, is developing its technologies, competences and service quality with about HUF 677 million in support from the European Union, the company's press officer said in a statement. Balázs Farcádi said that the purpose of the investment realized from the received support is for the company […]
The confidence index showing the one-year expectations of Hungarian micro, small and medium-sized enterprises remained in the negative range in the last quarter, but the indicator improved by the end of the year, dropping from minus 14 in the previous quarter to minus seven points, K&H group highlighted in its announcement. According to the financial […]
The number of firms continued to grow slightly in 2022, despite the fact that the number of firms that ceased to exist increased by approximately 50% compared to the previous year, the company information service OPTEN told the state news agency MTI on Tuesday. Opten's Company Fluctuation Index (CFI) – which compares the number of […]
Suzuki achieved a 12.43% share of the total number of 13,859 passenger cars registered in Hungary in 2022, with the brand leading the domestic new car sales for the seventh year in a row, thanks mainly to its two domestic models, the Vitara and the S-CROSS, Magyar Suzuki Plc. said on Monday, according to Datahouse […]
