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Lenovo Builds Manufacturing Unit in Hungary

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

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

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:

Hübner expands in Nyíregyháza

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

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

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 considers 2015 as a record year

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

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

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

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

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.


MOL to invest more in Kazakhstan

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.


Grundfos to set up fourth Hungarian plant

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.

| Source:

Lego to construct new plant in Hungary

Jan 19, 2012

Danish toymaker Lego will start construction of an 80,000-sqm plant in Nyíregyháza, NE Hungary this summer, according to, the general manager and vice-president of Lego Manufacturing Ltd., Lego’s Hungarian subsidiary.

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