The AutoWallis Group is continuing its path of growth after all business units experienced double-digit growth in all areas in the first nine months of the year, with sales in many areas already higher than last year as a whole. This means that the crisis-resistant strategy of the Group, present in 14 countries in the […]

Logistics service provider Gebrüder Weiss Ltd. is expanding the capacity of its central logistics base with a HUF 10 billion investment, the company told the state news agency MTI on Thursday. According to the information, a new hall and complex of 10,500 square meters will be built in Dunaharaszti, south of Budapest, next to the […]

Continental is expanding its software development activities in Szeged with a unit working on driver assistance and automated driving solutions, Country Director of Continental Hungary, Róbert Keszte announced on Wednesday. Speaking at an event at the University of Szeged, he said that the company's Artificial Intelligence Development Center in Budapest, which employs 200 professionals, has […]

Alteo Energiaszolgáltató [Energy Service Provider] Plc. is launching a HUF 7.5 billion bond issue under its previously announced bond program; the funds raised will be used mainly to finance investments in energy projects, to achieve growth targets, for working capital needs and to build up reserves, the company announced on the Budapest Stock Exchange (BSE) […]

Hungarian family-owned Caadex Ltd. in Mindszentgodisa, S Hungary, has decided to invest more than HUF 500 million in energy and equipment, the company informed the state news agency MTI. According to the statement of the Baranya County company, which is engaged in the production and trade of tin and steel products, the HUF 357 million […]

Switzerland-based leading auto part supplier SAG – Autonet Group opened its brand-new high-tech warehouse worth over EUR 50 million in Üllő, just south of Budapest. Offering vacancies for 130 future workers, the project will provide a highly automated storage space of 16,500 square meters that is bound to serve a number of regional markets. Hungarian […]

German-owned Infineon Technologies celebrated the expansion of its plant in Cegléd, which is Hungary’s biggest semi-conductors manufacturing facility. The EUR 100 million investment that is to create up to 275 jobs allows for the production of high-power semiconductor modules that will be built into the inverters of electric and hybrid vehicles. One fifth of the […]

The professional services and investment management company Colliers has announced that Kata Mazsaroff has been appointed as the new Managing Director for the company in Hungary. Kata worked at Colliers between 2007 and 2020. She established the Occupier Services business line, a pioneering service line in Hungary, which introduced an innovative and integrated workplace advisory […]

Nestlé Hungária's profit fell to HUF 1.483 billion in the first half of the year from HUF 1.975 billion last year, according to a report published on the website of the Budapest Stock Exchange (BSE). The food company's half-year sales increased from HUF 82.9 billion to HUF 103.9 billion, including foreign sales from HUF 17.2 […]

The Hungarian electricity company MVM Plc. closed the first half of this year with a loss of HUF 81.1 billion, compared to a profit after tax of HUF 28.3 billion in the same period last year, according to a consolidated report about the first six months of the year published on the website of the […]

Hungerit Plc. has expanded its production capacity at a cost of around HUF four billion in the past year, the company informed MTI on the occasion of the centenary of the start of industrial poultry processing in Szentes, SE Hungary. According to the statement, the new breading plant was launched in October last year, increasing […]

Following a EUR 10.6 million investment, almost a third of which is covered by Hungarian taxpayers through a government decision, the expansion of Audi Hungaria’s tool plant is now complete, providing a dynamic backdrop to the continuously developing operation of the company in Győr, NW Hungary. As a result, more space of 6,300 square meters […]

The completion of the first phase of LEGO’s latest plant expansion was celebrated in a ceremony at its Nyíregyháza site this Tuesday. About 11% of the investment is covered by Hungarian taxpayers through a government decision. As a result of the project, the company’s production capacities will surge significantly following a EUR 148 million investment. […]

The venture capital and private equity market in Hungary closed the second quarter with an increase in both the amount and the number of investments compared to the same period of previous years, the Hungarian Private Equity and Venture Capital Association (HVCA) told the state news agency MTI on Tuesday. The members of the association […]

The Continental Group opened an Application Development Center in Budapest on Monday with Hungarian state support to develop cutting-edge software solutions for traffic accident prevention. The director of the Continental Group in Hungary, Róbert Keszte says that the acceptance of self-driving technologies in Europe is not yet widespread, and that this must change. Róbert Keszte […]