The Kistelek and Region Industrial Park, where an industrial wastewater treatment plant and sewerage network were built, was developed with EU funding of more than HUF half a billion, the municipality informed the state news agency MTI. According to the statement, the HUF 517 million investment has provided the industrial park, which is located next […]
A strategic cooperation agreement has been concluded by the Hungarian government and Autoliv Kft., the Hungarian subsidiary of the largest passive safety product manufacturing group in the world, the Hungarian Investment Promotion Agency reports. Autoliv, a business that was founded in Stockholm, Sweden nearly seventy years ago, develops, produces and distributes airbags, safety belts, steering […]
In line with its strategic plans, AutoWallis sales set new records in all areas in 2021. The Group is present in 14 countries in the region and tripled its figures from the previous year, selling more than 25,000 vehicles last year. Within this figure, the sales of the Retail & Services Business Unit more than […]
The stock index of the Budapest Stock Exchange (BSE) rose on rising turnover this week, closing at 52,675.9 points on Friday, 719.16 points or 1.38% higher than a week ago. Turnover on the stock market was HUF 77.70 billion, up from 52.44 billion last week, with the leading shares, with the exception of Richter, gaining. […]
It was announced this late November that Ceva Phylaxia will set up a new vaccine factory along with the associated infrastructure by developing a new site under a greenfield investment in Hungary. As the General Manager of the company, Dr. Zsolt Németh tells Diplomacy&Trade, Ceva Phylaxia is growing and planning to grow. “Investments related to […]
PannErgy Plc. sold a record 599,490 gigajoules of heat in the fourth quarter of 2021, 5.6% more than a year earlier, the company told the state news agency MTI this Friday. The production report noted, however, that fourth-quarter heat sales were about 3.4% below the quarterly target, mainly due to the Miskolc outage that occurred […]
HCL Technologies (HCL), a leading global technology company, signed a definitive agreement for the acquisition of Starschema, a leading provider of data engineering services, based in Budapest, Hungary. The strategic acquisition will bolster HCL’s capability in digital engineering – driven by data engineering – and increase its presence in Central and Eastern Europe. Starschema provides […]
Kunsági Mill Ltd. in Törökszentmiklós, E Hungary, has improved its milling technology, and a HUF 600 million investment has increased the company's wheat storage capacity by 10,000 tons, the company said in a statement sent to the state news agency MTI on Thursday. According to the information, the company won a non-refundable grant of almost […]
Hungarian oil and gas enterprise MOL Group has signed an agreement to acquire Normbenz Hungary Ltd, which operates 79 service stations in Hungary under the Lukoil brand. MOL has also signed an agreement with Grupa Lotos SA and PKN Orlen to acquire 417 service stations in Poland. The Lukoil agreement announced today follows an acquisition […]
After a complete refurbishment taking two years, Hungexpo Budapest, owned by the French group GL events, a worldwide provider of integrated solutions and services for events, reopened in September this year to welcome exhibitors and visitors to the Hungarian capital’s fully renewed Congress and Exhibition Center. Founded in 1967 and operating as a public limited […]
Legrand, a world leader in the manufacturing of products and systems for electrical installations and information networks in terms of sales, has been present in Hungary for close to three decades through its acquisition, in 1992, by way of a privatization deal of the Hungarian Kontakta company, which had been operating in Szentes, SE Hungary […]
BUX, the stock index of the Budapest Stock Exchange (BSE) closed the first trading week of 2022 with a rise, closing at 5,956.74 points on Friday, up 2.44% on the previous week, or 1,236.03 points. The turnover of the stock market was HUF 52.44 billion, up from 24.88 billion in the previous four days of […]
Duna House Group reports having reached record volume levels in Q4 2021. Franchise real estate brokerage grew by 29%, own office real estate brokerage by 39% and loan brokerage by 74% on a year-on-year basis. In Hungary, the residential real estate market performed in H1 2021 at levels unseen in the last 10 years, which […]
Early this year, the French multinational healthcare company Sanofi announced the establishment of EUROAPI, a future leading European company dedicated to the development, production and marketing of active pharmaceutical ingredients (API). The standalone company will combine Sanofi’s API commercial and development activities with six of its European production sites, one of which is in Újpest, […]
The Hungarian real estate development firm Futureal Investment Partners has acquired three properties totaling nearly 70,000 square meters, two shopping centers and an office building in Poland, the real estate investment and asset management company announced in a statement sent to the state news agency MTI on Wednesday. The company also acquired the 30,300 sqm […]
