The battery industry supplier has inaugurated its new cellulose plant in Vácrátót. The Japanese company is producing the cellulose product CMC on a 43,000 square meters site near Budapest.

The high-speed oval has now been inaugurated in Zalaegerszeg. This high-speed track at the ZalaZONE test facility, with a total length of 4.45 km, allows test vehicles to reach top speeds of up to 250 km/h.

Nestlé has inaugurated a solar park in Szerencs with an annual output of 1.5 gigawatt-hours. The value of the Swiss company’s investment amounts to HUF 730 million (EUR 1.8 million).

The government has extended its retail margin cap measures to drugstore products. The new regulation affects drugstore chains such as DM, Rossmann, and Müller.

Retail chain Spar Hungary is investing HUF 1.9 billion (more than EUR 4.5 million) to increase production capacity at its food manufacturing facilities.

The MOL Group and Turkish Petroleum have signed concession agreements for the joint exploration and production of two new hydrocarbon fields.

AutoWallis has opened its first commercial vehicle dealership for Mercedes-Benz trucks, including a service center, in the Czech Republic.

The Chinese Chery Group has signed an agreement with Grand Automotive to establish a general import and distribution partnership in Hungary.

Hongene Biotech, headquartered in Singapore, is investing HUF 36 billion (approx. EUR 90 million) in its first European plant for the production of active pharmaceutical ingredients, which is being established in Gödöllő.

The revised conditions for one of the key instruments of economic development, the Individual Government Decisions, introduce new benefits for businesses.