The Phlegon Group handed over a 48-megawatt solar power plant in Kiskunhalas (southern Hungary) with an investment of HUF 23 billion (EUR 59 million).

The company will use the USD 750 million loan with a maturity of seven years for general corporate financing purposes.

Around 15,000 new apartments are expected to be completed this year, according to the construction industry ÉVOSZ association.

The AutoWallis Group will take over the Czech Stratos Auto’s BMW business unit. The agreement includes both the BMW retail business and the related service business.

The Hungarian-owned Hotel & More Group, an independent hotel operator, has doubled its net revenue to HUF 7.4 billion (EUR 18.6 million) in 2023 and expects a 20-25 percent increase in 2024.

The French energy supplier Veolia has agreed to purchase a 430-megawatt gas turbine power plant in Gönyű from the German energy company Uniper.

Forest-Vill Kft. is building Hungary’s largest energy storage facility in Szolnok on behalf of MAVIR Zrt. The project is scheduled for completion in the first half of 2025.

Solar FM Kft. starts the production of rotating support structure for solar panels. The investment will lead to a significant expansion of its services and portfolio.

A change is expected in the real estate market, the conversion of underutilized office space is becoming increasingly important.

Motor-Classic Zrt. based in Tatabánya has expanded its production area with a new 2,000 square meters production hall with CNC metal processing.