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Investment

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Sanofi Increasing Production Capacity in NE Hungary

D&T
Oct 19, 2020

Hungary's second largest healthcare company, Sanofi, is investing about EUR 22 million euros (approx. HUF 7.9 billion) in its Miskolc plant, increasing its production capacity for pre-filled syringes by 50%. The Hungarian government contributes HUF 1.2 billion to wards the investment. Following the investments of the past years, Sanofi is now launching another significant expansion […]

Nestlé to Launch Large Food Development Project

D&T
Oct 11, 2020

An EUR 140 million investment is in focus in Nestlé's production center in Bük (W Hungary), which supplies pet food to over 50 countries around the world. With this development, the factory's capacity will be increased by an additional 30%, at the same time creating 160 new jobs, which will soon make the plant into […]

Lenovo Builds Manufacturing Unit in Hungary

D&T
Sep 30, 2020

The Hong Kong-based electronics company Lenovo will manufacture products for data centers and desktops in its brand new facility in Üllő, south of Budapest, in the framework of an investment worth EUR 24.7 million, creating a total of almost 1,000 new jobs. Lenovo was founded in 1988 in Hong Kong and gained global significance in […]

Solar Panel Park Installed at Food Processing Plant

D&T
Jul 3, 2020

Szarvas-based Gallicoop Turkey Processing Co. Ltd. will be constructing a 1.2 megawatt solar panel park from an investment of HUF 582 million (EUR 1.65 million). HUF 282 million, that is, close to half of the amount invested will be provided from public funds by the Hungarian government. The project will enable the company to save […]

| Dontworry/Wikipedia

Blackrock promotes Budapest opportunities in Frankfurt

D&T
Dec 11, 2017

After London, BlackRock held its career-building and networking event in Frankfurt, Germany. The world's largest financial fund management company prmoted the operation of the Budapest office, available job opportunities and potential career paths.

HübnerH Ltd. facility in Nyíregyháza | source: hubner-group.com

Hübner expands in Nyíregyháza

D&T
Jul 27, 2017

German-owned Hübner Ltd. will expand its vehicle industry production facility in Nyíregyháza, NE Hungary with an investment of HUF 3.4 billion (some EUR 11 million), quarter of which is provided as subsidy by the Hungarian government.

The Swedish Ambassador with the book presented | source: HIPA

Hungarian Investment Guide by the Swedish Embassy

D&T
Dec 13, 2016

The Swedish Ambassador to Hungary, Niclas Trouvé, presented the publication ‘Sweden Hungary Business Guide’ promoting the Hungarian investment environment. The event took place on Lucia’s Day, which is considered the brightest Swedish holiday.

| Dávid Harangozó

Grand Tour of Switzerland in Hungary

D&T
May 18, 2016

In the 60th anniversary year of the 1956 Hungarian revolution, the Swiss Embassy in Budapest has announced the 'Grand Tour of Switzerland in Hungary', presenting towns, cities or regions in Hungary with historical, cultural or economic ties to Switzerland.

HIPA evaluates 2015 | hipa.hu

HIPA considers 2015 as a record year

D&T
Feb 12, 2016

The Hungarian Investment Promotion Agency (HIPA) says it successfully negotiated 67 investment projects last year, an increase of 12% compared to the previous year. 14 projects were started by German firms and 11 projects by US companies.

| Can Stock Photo Inc./ GStock Studio

Happy days are here again

D&T
Jul 21, 2015

As the private investments' market heats up in Europe, owners of venture capital (VC) firms and private equity (PE) investors try to find good partners in Hungary too. Transactions happen every month and a good sign is that they happen not in the IT sector only but in the business products and services segment as well.

Cutting the ribbon in Szada (from left to right): Managing Director Ferruccio Dusci

Flame Spray Hungary extends facility in Hungary

D&T
Oct 8, 2014

Flame Spray Hungary, an Italian-owned company engaged primarily in applying special coating on gas turbine and aircraft engine parts, has inaugurated a new 3,000-sqm hall, built with an investment of HUF 500 million, at its base in Szada, east of Budapest.

Ferdinand Gross logistics base in the Tatabánya Industrial Park | source: Ferdinand Gross Hungary Ltd.

Ferdinand Gross logistics base in Hungary

D&T
Apr 18, 2014

Ferdinand Gross Hungary Ltd., a German company affiliate, the wholesaler of screws and fasteners, small mounting parts and supplies, has inaugurated its logistics base in the Tatabánya industrial park, west of Budapest.

The host

China Brands Exhibition and Forum

D&T
Dec 5, 2012

The 4th China Brands Exhibition and Forum opened on the 4th of December at AsiaCenter’s CBTC in Budapest. More than a hundred capital-intensive Chinese manufacturers exhibit their products for potential CEE business partners for three days.

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MOL to invest more in Kazakhstan

D&T
May 11, 2012

Hungarian oil and gas group MOL is to invest further USD 250 million in Kazakhstan where an oil production project is expected to be launched in 2015. Preparatory works are led by MOL there, according to MOL Chairman-CEO Zsolt Hernádi.

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Grundfos to set up fourth Hungarian plant

D&T
Apr 19, 2012

Denmark’s Grundfos, one of the world's leading pump manufacturers, is to build its fourth Hungarian pump factory in Székesfehérvár (60 kilometres west of Budapest) in a HUF 4 billion (EUR 13.46 m) green-field investment.

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