Electrolux to Stop Production at Rural Factory in 2024 At the beginning of next year, Electrolux, a Swedish multinational home appliance manufacturer, will stop production at its Nyíregyháza refrigerator factory... 2023.02.02.
The Home of Gyulai Liverwurst and Gyulai Sausage When the city of Gyula is mentioned, surely the thought of one of our famous hungaricums comes to mind, Gyulai... 2022.02.27.
Worry Forms Over Important Dunaferr Steelworks Worrying developments are gathering over Dunaújváros' Dunaferr steel works, the most important employer and economic player of the city and... 2020.12.17.
Iljin Materials to Build HUF 3.8 bn Copper Foil Plant in Hungary South Korea's Iljin Materials will build a 3.8 billion forint (EUR 10.7) copper foil plant in Gödöllő, on the outskirts... 2020.12.14.
Chinese Semcorp Announces EUR 180 Million Investment in Debrecen Shanghai-based Semcorp, a supplier of parts for electric vehicle batteries, will set up a 65.5 billion forint (EUR 182.6m) plant... 2020.11.10.
South Korean Doosan to More than Double Copper Foil Capacity in Hungary South Korea's Doosan will spend 75 billion forints (EUR 204m) to more than double the capacity at its copper foil... 2020.11.01.
Industrial Output Drops by 2.1% in August Output of Hungary's industrial sector fell by an annnual 2.1 percent in August, after a 8.1 percent drop in July,... 2020.10.06.
Sanofi to Expand Capacity for HUF 7 Bn in Northern Hungary French pharmaceutical company Sanofi is to expand capacity at its Miskolc base, through investment of more than 7 billion forints... 2020.09.17.
In Wake of Controversial Special Economic Zone Move, Samsung Further Expands In Göd In the wake of the government's controversial move to establish a "special economic zone," and to take the management of... 2020.04.23.
ABB Factory Closure in Ózd Might Bring Hard Times for Region By the end of this year, ABB Group will close its factory in Ózd, resulting in approximately 1,000-1,200 people losing... 2020.02.17.
Fidesz’s Influential Former Mayor Acquires Hollóháza Porcelain Factory Former Fidesz party director, and Prime Minister Viktor Orbán's influential ally, Attila Várhegyi, bought the formerly state-owned company responsible for... 2020.01.28.
Hollóházi Porcelain Factory Sold to Unknown Buyer at Starting Price of 175 Million The Hungarian National Asset Management Inc. (MNV) has sold the 240-year-old Hollóháza porcelain factory, responsible for the manufacturing of the... 2020.01.17.
Brick by Brick: A Visit to LEGO’s Factory in Eastern Hungary “It’s no sin to make a mistake!”—This quote, from LEGO’s former managing director Godtfred Kirk Christiansen, can be found in... 2017.10.12.
Lego’s Nyíregyháza Plant Announces Expansion Plans While Laying off 70 Workers By the End of 2017 Danish toymaker Lego plans to expand its base in Nyíregyháza in northeastern Hungary, Jesper Hassellund, who heads the company's local unit,... 2017.09.28.
Magnus Aircraft to Construct 17-Million Euro Factory in Southern Hungary Hungarian-owned Magnus Aircraft will build a 5.2 billion-forint (17.2 million forint) plant in Pécs, in southern Hungary, according to wire... 2017.08.25.
Condiment Company Univer Opens 14 Million Euro Plant in Central Hungary Hungarian condiments maker Univer Product, based in Kecskemét in central Hungary, has inaugurated a 4.3 billion-forint (14 million euro) tomato... 2017.08.25.
Syrian Willy Wonka Moves To Hungary? – Luxury Chocolate Factory to be Built in the Town of Hatvan Construction work to build a 7.6 billion forint (EUR 24.91m) chocolate factory in Hatvan, in northern Hungary, will start in... 2017.08.08.
Tesla’s European “Gigafactory” Might be Built in Hungary According to Hungarian business news site Portfolio.hu, it would appear that Hungary is now among those European countries fighting to... 2017.03.13.
