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 […]
Civita Group Plc. is planning a public share issue in November. As a processor of raw materials and ingredients, it will be the only food company listed on the Budapest Stock Exchange, the company said. A large-scale investment program is planned with the raised capital, as well as state support and bank loans. Civita Group […]
Promatech Célgépgyártó [‘Target Machine Production’] Ltd. is building a 3,800 square-meter hall at its Nagytarcsa site, just east of Budapest, with a greenfield investment of HUF 1.952 billion, the company told the state news agency MTI. As part of the investment, financed half and half by the company's own and EU funds, new automated metalworking […]
AMCO Packaging Technology and Consultation Ltd., a Hungarian manufacturer of GreenFill biodegradable space-filling foam for use in boxes, will double its capacity to 100,000 liters in November, the company told the state news agency MTI. The statement drew attention to the serious environmental impact of petroleum-derived polystyrene foam fillers, noting that demand for environmentally friendly […]
Germany-based SCHOTT’s project to build a new production hub for glass prefillable syringes (PFS) is going to plan as evidenced by the launch of the construction celebrated at a groundbreaking event in Lukácsháza in Vas County, W Hungary. With the EUR 76 million investment, up to 120 newly created jobs will be available. The German […]
A new Thyssenkrupp engineering development office was inaugurated in Szeged, SE Hungary reflecting the German behemoth’s effort to intensify related activities as part of its Hungarian operation. Up to 65 automotive engineers can look forward to be hired in the near future in three locations, Szeged being the flagship venue of the development. Being among […]
