Danish refrigerator manufacturer Vestfrost Solutions is investing HUF 5.6 billion in expanding production capacity at its base in Csongrád (SE Hungary), Minister of Foreign Affairs and Trade Péter Szijjártó announced on Thursday. The government is supporting the investment, which will create 123 workplaces, with a HUF 1.1 billion grant, the minister said according to a […]

Hungary's leading hygiene paper manufacturer, Vajda-Papír is developing its operations with a series of investments, the Hungarian Investment Promotion Agency (HIPA) reports. The family-owned company is implementing a EUR 182.6 million investment program with the support of HIPA, comprising four distinct projects. The cornerstone of the program is a EUR 80 million capacity expansion at […]

Dreher Breweries is ploughing HUF 30 billion into its base in the capital to boost efficiency, the company told MTI on Tuesday. Dreher is building a fermentation plant and a new energy center in the first phase of a HUF 100 billion investment project. Phase one is expected to finish by the end of 2026. […]

Hiventures, the venture capital arm of the state-owned Hungarian Development Bank (MFB), has invested HUF 600 million from its fashion and design fund in Kuube Hungary. In a statement issued on Thursday, Hiventures said Kuube Hungary develops and sells solar powered off-grid smart benches, as well as smart street furniture for bus stops and public […]

Electronics parts manufacturer Neutrik Hungary inaugurated a HUF 3.7bn investment in Ózd (NE Hungary) on Thursday, MTI reports. The investment by the local unit of Liechtenstein-based Neutrik, which makes audio and video connectors for the entertainment industry, was supported by a HUF 1.4 billion grant (close to 40% of the investment value) by Hungarian taxpayers […]

Family-owned agribusiness Door-Baromfi opened a HUF 2bn poultry farm in Somberek (SW Hungary) on Thursday. Half of the investment cost was covered by Hungarian taxpayers through a government grant. Door-Baromfi owner János Door said the company took out an HUF 800 million loan and used HUF 200 million of its own resources for the investment. […]

The MOL Group has announced on the website of the Budapest Stock Exchange that it takes part in the maintenance of the Budapest University of Technology and Economics (‘BME’) as a strategic investor, as part of which the country's most prestigious technical higher education institution is moving to a new, private university operating model. With […]

The French electronics company is to expand its factory in Dunavecse in central Hungary with an investment of more than HUF 15 billion, creating 270 new jobs, with a HUF 1.5 billion subsidy from the Hungarian government. The investment will increase the floor area of the Duna Smart Power Systems (DSPS) smart factory in Dunavecse […]

Hungary's Goodwill Pharma Plc. has expanded its warehouse capacity, built a research and development and innovation laboratory, a new head office and a pharmaceutical manufacturing plant in Szeged, Hungary, the almost HUF 5 billion investment was handed over on Thursday. Ferenc Jójárt, CEO of the Szeged-based company, said at the ceremony that Goodwill Pharma is […]

According to the European Investment Bank (EIB) Investment Survey (EIBIS) 2024 just released, four in five Hungarian firms invested in 2023 and this is similar to last year’s EIBIS findings. However, the investment outlook has fallen and is now negative with more firms expecting to reduce rather than increase their investment in EIBIS 2024. The […]

A HUF 50 billion investment by the Chinese automotive company Xinzhi in Hatvan, east of Budapest, will create almost 900 new jobs, according to the Hungarian Ministry of Foreign Affairs and Trade. In a statement sent to MTI said on Monday, Minister Péter Szijjártó announced that Xinzhi, a market leader in the production of one […]

Körber Hungária Gépgyártó Ltd. (Körber) has made improvements worth more than HUF 3.6 billion at its Pécs plant in 2024, the German-owned company, which manufactures production lines and components, told MTI on Thursday. Körber, formerly Hauni, which used to mainly manufacture and supply parts for tobacco machinery, but now mainly serves the pharmaceutical industry and […]

The Hungarian medical device manufacturing sector sees further reinforcement through Karsai Alba Ltd.'s latest investment. As part of an EUR 10.86 million project, the fully Hungarian-owned company based in Székesfehérvár inaugurated a 2,100-square-meter, fully automated and robot-equipped facility this Monday, the Hungarian Investment Promotion Agency reports. The plant, specialized in manufacturing single-use laboratory and medical […]

A new production line, which cost over HUF 1 billion, has been added at the Hungarian muesli production firm Cerbona, which now has four production lines, while the investment will double the company's production capacity for muesli bars. CEO Tamás Mészáros has said at a press conference that the investment was financed from own resources […]

Investments are flowing into Hungary, and the country's economy is doing very well in EU comparison, the daily Magyar Nemzet wrote on Friday. According to the article, the state of the Hungarian economy is increasingly being discussed in public debates, and there are many opinions in the public domain, but instead of these, it is […]