Several new investments unveiled on Friday


Several companies inaugurated new facilities in Hungary last Friday. The Hungarian government contributed with grants to some of the investments, according to various reports by state news agency MTI.

German-owned Continental Automotive Hungary inaugurated a HUF 180 million training workshop for electrical technicians on Friday. The government supported the investment with a HUF 123 mln grant, the Ministry for National Economy said.

Carlson Rezidor Hotel Group inaugurated the Park Inn by Radisson in Zalakaros, southwest Hungary, again on Friday. The 239-room hotel was built at a cost of "several billion forints," Director Regina Janicsák told MTI. It has a conference room with a capacity for 300 people, she added.

Electronics company Kontakt-Elektro inaugurated a HUF 200 mln expansion at its base in Pécs, southwest Hungary, on Friday. Kontakt-Elektro plans to hire 10-15 electricians and three or four electrical engineers in the near future, said Managing Director Oliver Hirth. The headcount stands at 70 at present. The company had revenues of HUF 1.35 bln last year, public records show.

Also Friday, Germanyʼs Wuppermann inaugurated a HUF 30 bln steel pickling and hot-dip galvanizing plant at the port of Gönyű, northwest Hungary, on the Danube.

Alteo Revenue Down 26% in Q1 Green Energy

Alteo Revenue Down 26% in Q1

Gov't to Call HUF 75 bln Tender to Support Innovation by SME... Government

Gov't to Call HUF 75 bln Tender to Support Innovation by SME...

Gen Z Bringing New Challenges to Office Market Office Market

Gen Z Bringing New Challenges to Office Market

1990s Hungary Inspires Debut Novel ‘Ilona Gets a Phone’ History

1990s Hungary Inspires Debut Novel ‘Ilona Gets a Phone’


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.