Unilever is to cease production at its plant in Röszke, SE Hungary, with 80% of the 190 workers affected by the planned group redundancies and 20% of them to be taken over by the new owner of the plant, Mezőker Ltd., Unilever said on Friday. All workers will be guaranteed a job until the beginning […]

Not only Hungary but six additional regional markets will also be served by eMAG Logistic Ltd.’s brand-new logistics center to be erected in Dunaharaszti, south of Budapest, that is going to be the largest of its kind in the CEE. As a result of the HUF 35 billion investment that will create 213 jobs a […]

Neutrik Group, a world leader in the development, manufacturing, and distribution of electric, fiber optic and electronic connectivity solutions for the entertainment and live events industries, invests nearly EUR 10 million to set up a new assembly plant in Ózd, NE Hungary. Close to 40% of the investment costs are borne by Hungarian taxpayers as […]

Lidl Hungary and the Hungarian Export Promotion Agency (HEPA) have signed a cooperation agreement to boost the export of domestic agricultural and food products on the EU single market and in foreign trade with third countries, the parties told the state news agency MTI on Wednesday. According to the statement, Lidl's aim is to ensure […]

WABERER’S INTERNATIONAL has announced on the website of the Budapest Stock Exchange that its Board of Directors of the Company has approved the signing of a sale and purchase agreement by WSZL Automotív Ltd. (member of Waberer's Group) with Sidbury Property Ltd. for the purchase of a 135,000 square meter plot of land in the […]

The opening ceremony of ExxonMobil Üzletsegítő Központ Magyarország Kft.’s new office this Tuesday marked the perfect occasion for the company to announce an ambitious training program worth EUR 600,000 that will help staff gear up their digital skills, the Hungarian Investment Promotion Agency (HIPA) reports. Up to 200 jobs will be created as part of […]

Audi Hungaria has announced the launch of yet another electric set of engines. The next-gen engines to be made on future production lines worth EUR 300 million will be built in economy cars of the group to meet heavy market demand. The new project, where about 7% of the costs are to be borne by […]

As part of the continuation of a series of large-scale developments since 2019, leading pharmaceutical giant Egis Gyógyszergyár Plc. now invests EUR 21.1 million in Körmend, W Hungary to install new technology, increase capacity and enhance efficiency. The investment is set to help the company not only produce more but also adapt to rapidly changing […]

W-Scope Corporation sets up its first European plant in Nyíregyháza where separator film used for lithium-ion batteries will be manufactured. The EUR 720 million project that creates 1,200 jobs qualifies as the largest investment so far announced this year. W-Scope Corporation is listed on the Tokyo Stock Exchange that deals with development, manufacturing and sale […]

Agricultural machinery manufacturer Optigép Ltd., based in Békés, SE Hungary, is implementing a development project worth HUF 500 million, the company's managing director, János Patkás told the state news agency MTI on Thursday. He said that HUF 261 million were won in an EU tender, and the project will be financed with almost the same […]

Chinese computer producer Lenovo has opened its first European manufacturing plant in Üllő, southwest of Budapest, where it will primarily produce server infrastructure, storage systems and high-end PC workstations for sale in Europe, the Middle East and Africa, the company told the Hungarian state news agency MTI on Tuesday. The plant already employs more than […]

Equality and diversity are a top priority for the European Commission. To fight discrimination and push for more equal societies, the Commission has adopted a proactive approach, with targeted action plans and measures. Diversity Charters encourage organizations (NGOs, public bodies and private companies) to develop and implement diversity and inclusion policies and practices. In order […]

In their 2021 financial year, Intersnack Hungary Ltd. produced 10,600 tons of products for foreign markets, the company informed the state news agency MTI on Saturday. According to the statement, the market share of the flour-based products made in Győr in the Central and Eastern European region is 11%, which gives Intersnack a leading position […]

The Weerts Group is a Belgian family-owned business headquartered in Liège with operations also in four other European countries, including Hungary where the Group first appeared in the year 2000. The Weerts Group was established before 1945 as an agricultural transport company with one truck driven by Hubert Weerts operating in and around Teuven, a […]

Magyar Telekom will be the first company in the Hungarian corporate sector to test the four-day working week as part of a pilot project, the company announced in a statement this Thursday. The large-scale experiment, which will run for four months with the involvement of several departments, is primarily aimed at gathering experience and information. […]