Wolt's own "delivery-only-stores", i.e. the stores with only home delivery, Wolt Market, will be launched in Hungary in the fall of this year, It is planned to open first in Budapest and then in several provincial in several towns and cities, which will operate as separate stores alongside other retail partners. In addition to food […]
Vitesco Technologies, which was formed by the transformation of the Powertrain division of Continental, established a 7,000 sqm automotive-electronics manufacturing plant in Debrecen, E Hungary with a greenfield investment. With the implementation of the project of more than EUR 116.6 million creating 450 new jobs and applying Industry 4.0 solutions, a new and unique production […]
The world's largest Bosch power tool plant, located in Miskolc, NE Hungary, and at the same time the company's European battery manufacturing competence center, is expanding with a new production hall. In the 20,000 sqm hall now inaugurated this week, wireless power tools and associated batteries for DIY and gardening enthusiasts are manufactured, and this […]
The stock index of the Budapest Stock Exchange (BSE) rose on a downward trend this week, closing at 48,461.47 points on Friday, 343.75 points, 0.71% higher than the previous week's close, the state news agency MTI reported this Sunday. Turnover on the stock market was HUF 45.75 billion, compared to HUF 67.14 billion last week. […]
Euronet, a cash dispenser company that has been active mainly in city centers and near tourist destinations, has entered a new field: they are targeting settlements and neighbourhoods where cash has typically been scarce. With the rise of digitalisation and online banking, there are fewer and fewer bank branches and ATMs, but cash is still […]
The Hungarian pharmaceutical firm Gedeon Richter Plc. announced this Monday that it signed a multi-party agreement to divest its wholesale operation to Grin-Farm S.R.L. and its retail operations to BIRIVOFARM S.R.L., both in the Republic of Moldova. Richter as a majority owner of both the wholesale and the retail operations is entitled to approximately 62% […]
LEGO Manufacturing is launching an investment in Nyíregyháza, which will enable even greater production capacity than before. The investment, with a total cost of almost EUR 148 million, will create 250 new jobs and result in a 50% increase in molded elements. The plant's production area will increase to 232,000 square meters. Construction work will […]
Michelin celebrates its 25th anniversary in Hungary in 2021. Since 1996, when the Michelin Group acquired Taurus, the company has been offering sustainable mobility solutions in Hungary. A press statement by the company says that Michelin supports its employees, customers and local communities in a responsible and environmentally friendly way through significant investments and a […]
As a member of the Foxconn Group, Cloud Network Technology launches warehouse capacity expansion investment of more than EUR 15 million in Komárom, NW Hungary. About 20% of the investment cost is covered by Hungarian taxpayers. The establishment of a new 17,000-square-meter storage capacity supports the production of high-tech data centers and network communication devices. […]
Due to a shortage of parts, production at German car manufacturer Audi's Hungarian factories will be halted from next week, the news site telex.hu reported. Telex's information was confirmed by the communications department of Audi Hungaria Plc. on Tuesday. They wrote to the news site that due to a shortage of semiconductor components, most of […]
Agrosprint, a Hungarian-owned fruit and vegetable processing and quick-freezing plant, is carrying out developments in two Hungarian sites to become the largest quick-frozen sweet corn processor in Europe. With the investment to be realized in Nyírlugos-Cserhágó and Karcag by the end of 2023, the company's frozen fruit and vegetable processing capacity will be expanded, and […]
Hanon Systems of South Korea with a dominant market share in the automotive thermal management market is expanding the production capacity of refrigerant valves for electric cars in Hungary. The company will invest almost EUR 54 million in three Hungarian sites. The developments will create jobs for 40 people in Székesfehérvár. As the Hungarian Investment […]
Continental is to expand its field of software development, including the research and development activities of advanced driver assistance systems in Hungary. As part of the development to be implemented from more than EUR 11 million in Budapest and Veszprém, the company will create nearly 70 new jobs in high value-added R&D areas. Continental's research […]
As a global player in every major area of glass manufacturing, the Turkish Şişecam will establish its first European glass-packaging facility in Kaposvár. This greenfield investment of EUR 220 million is to have an annual net production capacity of 330,000 tons. With two individual furnaces, the new facility is expected to begin its operations in […]
HelloParks, an industrial real estate development company belonging to the Futureal Group, is developing a 400,000 square-meter logistics megapark in several phases in Páty, near the M1 motorway, Futureal told the state news agency MTI on Monday. According to the information, 400,000 square meters of gross leasable area of warehouse and manufacturing space will be […]
