SUGO FOOD Ltd. has announced a EUR 45 million investment at its site in Baja, S Hungary. As part of the development, the company’s existing production capacity will be expanded, alongside upgrades to its energy infrastructure. The project is expected to create 30 new jobs. The Belgian-owned SUGO FOOD is Hungary’s only producer of tortilla […]
Hungarian nuclear medicine supplier Medi-Radiopharma is launching an R&D investment to develop a pioneering manufacturing technology, the Hungarian Investment Promotion Agency (HIPA) reports. Supported by the HIPA, the EUR 6.56 million investment aims to introduce an industry-scale, automated technology to produce radiopharmaceuticals, that is faster, and more efficient and accurate than the currently dominant manual, […]
Raiffeisen Bank Plc. has announced that it successfully closed the 2025 financial year while further strengthening its market position. Despite the challenges posed by the global economic environment, the Bank adapted effectively and achieved outstanding results across multiple business segments. As Chief Executive Officer György Zolnai highlighted, the bank's Corporate and Investment Banking division stabilized […]
GlaxoSmithKline Biologicals Ltd., based in Gödöllő, about 30 kilometers northeast of Budapest, serves as one of the world’s centers of excellence for vaccine manufacturing. The Gödöllő site has been producing vaccine components, bulk antigen and carrier protein since 2002, building on a 50-year scientific competence heritage in Hungary. The site produces the raw materials for […]
Consolidated after-tax profit of MBH Bank, Hungary's second-largest commercial lender, fell 17% to HUF 165.1 billion in 2025, an earnings report released on Thursday shows. Consolidated after-tax profit of MBH Bank, Hungary's second-largest commercial lender, fell 17% to HUF 165.1 billion in 2025, an earnings report released on Thursday shows. Net interest revenue dropped 9% […]
The Continental Tobacco Group has opened a finished goods warehouse in Sátoraljaújhely, NE Hungary, covering nearly 4,000 square meters and equipped with modern technology, in the presence of Péter Szijjártó, Minister of Foreign Affairs and Trade. The facility is a key component of the large-scale investment program that the Hungarian-owned tobacco group has implemented in […]
The British Chamber of Commerce in Hungary (BCCH) has a history of over three decades. Its successful activities have resulted in its membership being expanded over the past few years, further spreading British good business practices in Hungary. It has fruitful collaboration with fellow chambers in Budapest and looking forward to the same with the […]
TUBEX Mátra Ltd., a German-owned company, is implementing a significant investment at its site in Sirok (NE Hungary), which will expand production capacity, modernize the facility, and support more sustainable operations, the Hungarian Investment Promotion Agency (HIPA) reports. TUBEX manufactures lightweight metal packaging solutions, primarily producing aluminum aerosol cans and tubes. The company’s products are […]
As part of the EUR 23.1 million investment by the MAB Group — one of Hungary’s largest privately owned mining and construction materials companies — a rock wool insulation manufacturing plant will be built with a maximum production capacity of up to 50,000 tons. The project in Heves County by MAB Insulations Ltd., part of […]
Thanks to the new technology applied at the Székesfehérvár plant of the American company Howmet, which provides advanced engineering solutions globally for the aerospace and transportation industries, production capacity will increase by 50%. The company's EUR 44.9 million investment inaugurated this week promises the creation of 80 new jobs in the region, according to a […]
Audio electronics specialist Harman International is set to start a series of investments in Hungary, according to a report by the Hungarian Investment Promotion Agency (HIPA). The global leader in premium automotive audio and infotainment systems is launching three projects with the support of HIPA. With a total value of EUR 131.18 million, the investment […]
Turnover in the Hungarian media and communications market grew by 6.2% last year to reach HUF 758.7 billion, but in real terms it still lags 4.5% behind the 2019 level, Péter Novák, president of the Hungarian Advertising Association (MRSZ), said at the sector’s annual review conference in Budapest. The sector grew despite the country’s near-stagnant […]
Pál Simák will be replaced by Luigi Fuzio as chairman and CEO of CIB Bank once the necessary regulatory approvals have been obtained, the bank announced to MTI on Tuesday. Pál Simák has been appointed to a new international role at the group’s Milan headquarters, where he will lead the so-called Next Gen Acquisition Machine […]
Electronics manufacturer Flextronics will invest around HUF 35.5 billion to expand capacity at its base in Zalaegerszeg (SW Hungary), it was announced this Monday. A statement from the Ministry of Foreign Affairs and Trade points out that this investment is the fourth by an American-owned company in Hungary in a week. It was added that […]
This Monday, the Körmend site (in W Hungary) of Egis Pharmaceutical was visited by the Minister of Foreign Affairs and Trade, Péter Szijjártó and the CEO of the Hungarian Investment Promotion Agency (HIPA) István Joó, the company reports on its website. CEO Csaba Poroszlai and Plant Director László Sabáli reviewed, on behalf of the company, […]
