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Alstom Investment in Mátranovák

Apr 11, 2024

As part of the HUF six billion development by the French engineering concern, modern machines were purchased, which can increase the production capacity by 40%. According to a government decision, 20% of the development amount is covered by Hungarian taxpayers. Alstom told MTI on Wednesday that the investment amount will be used to modernize its […]

SCHEDL Sets Up Two New Plants in Hungary

Mar 22, 2024

German-owned SCHEDL Hungária Ltd., a company specializing in the assembly and in-sequence delivery of complete wheels, invests EUR 101.1 million to open new production facilities in two Hungarian cities, Debrecen and Kecskemét, the Hungarian Investment Promotion Agency (HIPA) reports. The greenfield investment, about 5% of which is to be covered by Hungarian taxpayers as state […]

HIPA Investors of the Year Ceremony

Feb 28, 2024

Top achieving foreign and local players were recognized in nine categories at the annual ‘Investors of the Year Awards’ gala in the Museum of fine Arts by the Hungarian Investment Promotion Agency (HIPA) to celebrate the results of 2023, which was yet another record year in the history of Hungarian investment promotion. The prizes were […]

BYD signs land purchase agreement for Hungarian auto factory

Feb 2, 2024

China’s BYD, the world's leading electric vehicle (EV) manufacturer, has set its sights on Hungary for its first European auto factory. BYD's groundbreaking initiative marks a significant leap forward for the automotive industry, green energy, and international cooperation. The signing of the preliminary and purchase agreement for the site in Szeged, southern Hungary, heralds BYD's […]

Rossmann Builds New Warehouse and Office in Üllő

Jan 16, 2024

With an investment of about HUF 20 billion, the Rossmann chain is building a 28,000-square-meter logistics center and a 4,000-square-meter office in Üllő, the project is expected to be completed by the end of 2025, the company said on its website. According to the information, a modern semi-automated warehouse will be built to supply the […]

Investors Return to the Capital's Property Market

Nov 8, 2023

Investors have returned to the capital's real estate market, with investment buyers accounting for 41% of transactions in September after the second quarter low, the property agency Duna House reported on Wednesday, according to MTI. The most popular locations were Erzsébetváros (District 7), Józsefváros (District 9), Angyalföld (District 13) and Terézváros (District 6). According to […]

Hungaropharma Expands Warehouse Capacity

Oct 26, 2023

With an investment of HUF 6.2 billion, the most modern pharmaceutical wholesale warehouse in Central and Eastern Europe has been built on 3,000 square meters as the automated high-bay warehouse of Hungaropharma Plc. has been inaugurated The third stage of Hungaropharma's Budapest Logistics Center is not only suitable for the logistics of its own stocks […]

New Owner at One of Hungary’s Largest Private Clinics

Oct 18, 2023

Doktor24 Medicina Plc. announced in a statement published on the website of the Budapest Stock Exchange on Wednesday that the company's general meeting decided on a private share capital increase. Following the capital increase, a new investment company, Egészségügyi Befektetési Holding, owned by the Futó family, became the new majority shareholder. As the financial news […]

Huge EU-Supported Pharmaceutical Investment in Szeged

Oct 6, 2023

Goodwill Pharma Plc. is investing more than HUF 3.5 billion in capacity expansion in Szeged with EU support. The company, which manufactures and distributes dietary supplements and pharmaceuticals, has received HUF 1.766 billion in conditional reimbursable funding from the Hungarian Multi Program (MMP) of the Economic Development and Innovation Operational Program plus (Ginop plus). The […]

Nestlé Adds Substantial Capacities To Pet Food Plant

Oct 5, 2023

Nestlé Hungária Ltd.’s capacity extension investment worth HUF 90 billion was celebrated in Bük this Thursday, marking the latest development of the Swiss company’s Hungarian operation. The project is expected to create 280 new jobs. Nestlé’s presence in Hungary comprises of its Budapest HQ and three plants in Szerencs, Diósgyőr and Bük. The latter site, […]

Austrian Electronics Supplier To Expand its Győr Site

Oct 3, 2023

Melecs GmbH celebrated its latest development at its site in Győr, NW Hungary by inaugurating a new production hall. The investment worth EUR 12 million includes not only the extension of the production area and capacities but also the making of new products and production-related infrastructure development. As a result, 120 new jobs are expected […]

Premium Automotive Supplier New Production Site in Miskolc

Sep 28, 2023

German-owned Meleghy Automotive implements a EUR 22.9 million investment in Miskolc with the aim of establishing production capacities in Hungary. Some 12% of the costs are borne by Hungarian taxpayers through a government decision. The project of the premium automotive supplier is said to create 55 new jobs. Meleghy & Cie Automotive GmbH can pride […]

Chinese Packaging Materials Factory to Be Built in Makó

Sep 26, 2023

Benepack Hungary Ltd. is building a packaging materials factory in the Makó industrial park in south-eastern Hungary. The foundation stone of the EUR 65 million (HUF 25.3 billion) investment was laid on Tuesday. Some of the investment costs are borne by Hungarian taxpayers , the amount of which was not disclosed but was described as […]

Series of Villeroy&Boch Investments in Hódmezővásárhely

Sep 14, 2023

German ceramics manufacturer Villeroy&Boch has carried out a series of investments worth EUR 14 million (more than HUF 5 billion) in Hódmezővásárhely, SE Hungary over three years. The company is expecting a shortfall in revenues this year due to the downturn in the construction industry, the director of the company's bathroom and wellness division, Georg […]

Mapei: New HUF 8 Billion Investment in Hungary

Aug 30, 2023

Mapei Ltd. is investing HUF 8 billion to build a new production line for roofing materials and a 12,000-square-meter warehouse in Hungary, the company, which manufactures and distributes building materials, told MTI on Wednesday. The development, to be completed by 2025, will be able to supply not only Hungary but also the region with high-quality […]

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