expansion - Diplomacy & Trade https://dteurope.com Monthly in print | Daily on the web Thu, 16 Jul 2026 08:23:25 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://dteurope.com/wp-content/uploads/cropped-dt_favicon-32x32.png expansion - Diplomacy & Trade https://dteurope.com 32 32 CIG Pannonia Signs Deal to Acquire YOUPLUS Units https://dteurope.com/business/cig-pannonia-signs-deal-to-acquire-youplus-units/ Thu, 16 Jul 2026 08:21:15 +0000 https://dteurope.com/?p=80744 Listed Hungarian insurer CIG Pannonia has signed a blanket purchase agreement on the acquisition of the Czech and Slovak businesses of YOUPLUS Assurance, based in Liechtenstein, the company said in an announcement on the website of the Budapest Stock Exchange. The acquisition will provide a "stable foundation" for CIG Pannonia's entry onto the Czech and […]

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]]> Aero Space Power to invest HUF 2Bn in expansion https://dteurope.com/business/aero-space-power-to-invest-huf-2bn-in-expansion/ Sat, 21 Feb 2026 08:38:00 +0000 https://dteurope.com/?p=78155 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 […]

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]]> Auchan Plans Expansion with Smaller Stores https://dteurope.com/commerce/auchan-plans-expansion-with-smaller-stores/ Thu, 19 Feb 2026 12:01:20 +0000 https://dteurope.com/?p=78122 Supermarket chain Auchan plans to start opening smaller shops in Hungary from 2027 with the aim of tripling sales by 2032, Auchan Hungary said on Thursday. Auchan Hungary will finance the new shops, with areas of between 70 and 150 square meters, with its own resources and in a franchise construction. Auchan Hungary will also […]

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]]> Motherson Launches R&D and BSC Projects in Hungary https://dteurope.com/business/motherson-launches-rd-and-bsc-projects-in-hungary/ Fri, 23 Jan 2026 11:08:00 +0000 https://dteurope.com/?p=77696 India-based automotive supplier Motherson is expanding its activities in Hungary with a series of investments, including a research and development program and the establishment of a business services center, the Hungarian Investment Promotion Agency (HIPA) reports. Motherson’s EUR 54 million Hungarian R&D project deals with AI-based sensors and advanced visual systems integrated into rear-view mirrors. […]

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]]> Gentherm Launches R&D Investment in Hungary https://dteurope.com/business/gentherm-launches-rd-investment-in-hungary/ Wed, 21 Jan 2026 17:55:00 +0000 https://dteurope.com/?p=77661 American thermoelectric technology specialist Gentherm is expanding its operation in Hungary with a new research and development program, the Hungarian Investment Promotion Agency (HIPA) reports. Supported by the HIPA, the EUR 15.7 million investment will focus on next-generation automotive cabin comfort technologies and temperature management solutions for the medical industry, according to the statement. The […]

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]]> Marzek Kner Packaging Expansion in SE Hungary https://dteurope.com/business/marzek-kner-packaging-expansion-in-se-hungary/ Fri, 16 Jan 2026 17:03:00 +0000 https://dteurope.com/?p=77592 Austrian-owned Marzek Kner Packaging inaugurated an expansion at its base in Békéscsaba (SE Hungary) on Friday. The company completed expansions worth HUF 5.5 billion in recent years, securing 480 jobs, with government support of HUF 1.5 billion. More than half of Marzek Kner Packaging products are sold on export markets, and production at the site […]

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]]> Harro Höfliger Expands Debrecen Base https://dteurope.com/business/harro-hofliger-expands-debrecen-base/ Fri, 21 Nov 2025 17:26:00 +0000 https://dteurope.com/?p=76564 Harro Höfliger, which makes machinery for the pharmaceutical industry, inaugurated this Friday a HUF 6 billion capacity expansion at it base in Debrecen (E Hungary). The expansion is expected to create over a hundred jobs. The site is the company's second biggest outside Germany. A quarter of the investment costs is covered by Hungarian taxpayers […]

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]]> Ceres Plans HUF 24 Billion Bread Plant in Tata https://dteurope.com/business/ceres-plans-huf-24-billion-bread-plant-in-tata/ Wed, 12 Nov 2025 10:43:20 +0000 https://dteurope.com/?p=76370 Bakery and confectionery products maker Ceres Bakery plans to build a HUF 24 billion bread plant in an industrial park in Tata (NW Hungary), the company's business director, István Mikos told MTI. István Mikos said the 14,000sqm plant would be built with the financial backing of Czech parent Agrofert Group. By 2027, the plant could […]

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]]> Indotek Group Opens New Office in Vienna https://dteurope.com/news/real-estate/indotek-group-opens-new-office-in-vienna/ Mon, 10 Nov 2025 09:51:52 +0000 https://dteurope.com/?p=76292 Indotek Group, one of Hungary's leading real estate investment and asset management companies, is expanding its Western European office network with a new office in Vienna. Indotek has been expanding in Western and Southern Europe for more than a decade, and the opening of the Austrian office will bring the group even closer to German-speaking […]

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]]> Citibank to Continue Expanding Activities in Hungary https://dteurope.com/business/citibank-to-continue-expanding-activities-in-hungary/ Fri, 17 Oct 2025 08:43:00 +0000 https://dteurope.com/?p=75975 Citibank will continue to expand its activities in Hungary, the Ministry of Foreign Affairs and Trade said in a social media post on Friday. According to the Ministry, an agreement on this was reached at a meeting with the group's CEO that Citibank would continue to expand its activities in Hungary, creating jobs, with the […]

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]]> New Alteo Strategy for Regional Expansion https://dteurope.com/energy/new-alteo-strategy-for-regional-expansion/ Thu, 09 Jan 2025 18:51:00 +0000 https://dteurope.com/?p=72299 The Hungarian energy company Alteo has published its business strategy for the period 2025-2030, the implementation of which would provide the energy service and trading company with significant growth both geographically and financially, the company told MTI on Thursday. The company's results over the past three years have significantly exceeded the targets set in its […]

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