Category: Kiemelt

Market expectations suggest that investor activity in Hungary’s commercial real estate sector could increase this year.

The German chemical company Henkel has expanded its capacities in Környe. Henkel invested HUF 12 billion (EUR 29 million) and received HUF 1.7 billion (EUR 4.1 million) in state subsidies.

Hungary’s economy grew by 0.6% in 2024, marking the end of the technical recession by the end of the year.

Waberer’s Nyrt., Hungary’s leading freight company, is acquiring a 70% stake in the cargo division of GYSEV Zrt.

The luxury hotel Ritz-Carlton on Erzsébet Square in Budapest will now operate under the Al Habtoor Palace brand, as the ownership group transitions to its own hotel brand.

By the end of 2024, more than 70,000 fully electric vehicles were on Hungary’s roads. According to the Ministry of Energy, 1,970 new registrations were added in December alone.

The scientific project, “Fraternity,” is funded with HUF 400 million (EUR 980,000) under the HU-rizont program.

The state has sold unused land from the former Rákosrendező railway yard of the national railway company MÁV to the UAE-based Eagle Hills Group.

The alternative energy service provider Alteo plans to invest up to EUR 2-2.5 billion by 2030 and significantly expand its business in Central Europe.

Due to increased capital requirements, the two companies are considering bringing in a new investor for their joint stone wool factory.