Benepack Hungary Kft. is building a packaging materials factory in the Makó industrial park with an investment of EUR 65 million (HUF 25.3 billion).

Gránit Bank was awarded the “Fastest Growing Digital Bank of Hungary 2023” prize by the renowned British financial journal “Global Banking and Finance Review Magazine”.

The Hungarian companies of Vodafone and Bosch have established a joint project team for 5G automotive testing in Budapest.

Liberty Steel Group and China’s CISDI Engineering Co. formed a partnership agreement. The agreement enable Dunaferr to switch from coal-based steel production to electric arc furnace technology.

Netrisk Group, the leading online insurance brokerage company in Hungary, is now also present in Poland.

IBM Storage is closing its plant in Vác and relocating production to Mexico. The closure of the site on the premises of Zollner Electronic Kft. in Vác will take place by the first quarter of 2024.

Hungary’s economy is deeper in recession than expected. In the second quarter, economy shrank by 0.3% compared to the previous quarter, and by 2.4% on an annual basis, according to statistical data.

The insurance company has acquired a majority stake in the Alpha fund manager. With this transaction, a name change to Signal Iduna Fund Invest Alapkezelő Zrt. was completed.

Jiecang Linear Motion Technology Co. will build a plant in Kaposvár. The Chinese manufacturer of linear hydraulic structures is investing over EUR 60 million and creating over 200 new jobs.

The government decided to provide new support to further strengthen the SME sector and increase its competitiveness.