Through significant investments, the Hungarian-owned poultry company strengthens its market position, the Hungarian Investment Promotion Agency (HIPA) reports. The Bárány family has been involved in poultry farming for over 100 years, spanning four generations, making it Hungary's oldest poultry farming dynasty. Master Good Ltd., fully Hungarian-owned, was founded over 30 years ago with five employees. […]
Energotest Diagnostics and Automatization Ltd. will develop a vehicle diagnostic software based on AI and blockchain-based data management with a HUF 248.5 million European union grant, the company said on Friday. The software will revolutionise the visual, preventive inspection of lighting elements, chassis, steering, exhaust systems, tires and other suspension elements by integrating IoT devices […]
Hungarian maintenance, repair and overhaul (MRO) company Aero Space Power will invest HUF 2 billion at its base in Kisvárda (NE Hungary) to build a new production hall in order to expand its portfolio. Aero Space Power is a rapidly growing company with a primary focus on providing MRO solutions to the aviation and power […]
After-tax profit of K+H Bank, the local unit of Belgium's KBC, edged up 2% to HUF 132 billion in 2025, the lender said in an annual report. K+H Bank paid HUF 100 billion on the bank levy and windfall profit tax. Lending stock rose 10% to HUF 3,386 billion. Outlays reached HUF 823 billion. The […]
Hungary's merger and acquisition market was worth USD 369 million in 2025, an analysis by multinational law firm A+O Shearman is quoted by MTI. The analysis took into account 65 transactions during the year. M+A value was well under the USD 4.751 billion record in 2024, when the state partnered with France's VINCI to buy […]
Hungarian pharmaceutical company Gedeon Richter on Wednesday said it signed a strategic research collaboration and option-to-license agreement with Swiss biotech company FimmCyte. Richter said the partnership aims to advance the development of FimmCyte's FMC2 antibody for the treatment of endometriosis. The parties have negotiated an exclusive and worldwide license agreement for the future development and […]
Hiventures, the venture capital arm of the Hungarian Development Bank (MFB), is setting up a HUF 17 billion fund targeting local startups focused on AI, deeptech, greentech and medtech, CEO László Hradszki told journalists. He added that innovative companies can already apply for funding on the Hiventures website. The new fund supports the flourishing of […]
Building materials maker Masterplast has scrapped plans for a stone wool plant and will continue to focus on glass wool production, following a review of its insulation materials portfolio, the company said in an announcement posted on the website of the Budapest Stock Exchange. "The board of directors decided that the strategic focus will continue […]
Geoinform, a unit of Hungarian oil and gas company MOL, has signed a strategic cooperation agreement with United States-based Baker Hughes, MOL's press office said on Monday. According to the announcement, Geoinform, which is a major service provider in the Hungarian hydrocarbon and geothermal industry, aims to increase its role in research and production in […]
The Hungarian oil and gas company Mol will open ten new filling stations in Poland in the first half of this year, one of the largest development programs of the company's Polish subsidiary (Mol Polska) in recent years, according to a report by Polish economic news portal ISBnews on Monday, citing a statement by Mol. […]
AKKO Invest Plc. said in a statement on the website of the Budapest Stock Exchange on Monday that its wholly owned subsidiary, NEO Property Services Plc., participated as a bidder in the open EU tender announced by MÁV Track Operation Plc., a subsidiary of MÁV Hungarian Railways, for a strategic public procurement tender for a […]
Italian-owned Kaposvár-based Kométa 99 Plc., specializing in pig slaughtering and the production of meat industry products, is expanding its site with an investment of EUR 117.1 million. As one of the key players in the domestic food industry, it employs more than a thousand people in Kaposvár (SW Hungary). Under the program, the new state-of-the-art […]
Hungarian furniture maker Frontalit on Thursday inaugurated a HUF 349 million investment supported by the Demján Sándor Program for scaling up local SMEs, MTI reports. Frontalit purchased equipment and vehicles and organized training programme for employees at its base in Vásárosnamény (E Hungary). Half of the project cost was covered by a matching support scheme […]
Hungarian oil and gas company MOL announced on Wednesday its entry into Libya in partnership with Spain's Repsol and Turkey's TPAO. After winning a joint bid for the O7 offshore block, MOL will enter the exploration project with a 20% stake. Repsol will hold 40% and operate the project, and TPAO will have a 40% […]
Fumito Sakai will assume the role of Managing Director of Magyar Suzuki Corporation effective March 1, 2026. He succeeds Masato Atsumi, who led the Esztergom-based automotive manufacturer for nearly five years and will now continue his career in Japan, Magyar Suzuki says in a statement issued this Wednesday. Fumito Sakai joined the Suzuki Group in […]
