A record 12 companies appeared on Xtend, the Budapest Stock Exchange’s (BÉT) platform for SMEs, in 2022.

In February, the Economic Development Ministry launched the Baross Gábor Reindustrialization Program with a framework amount of HUF 700 billion (EUR 1.7 billion).

Műszertechnika Holding Zrt., IK Metál Kft. as part of the group and Astrasun Solar Nyrt. want to cooperate in the construction of solar parks.

International fashion chain Primark has announced the opening of its first store in Budapest. The first Primark store will be located in one of Budapest’s largest shopping centers, Arena Mall.

A hydrogen-powered bus is being tested in Paks as part of the EU co-funded JIVE-2 hydrogen bus program.

Hungary’s most powerful supercomputer “Komondor” was inaugurated in its own super computing center at the University of Debrecen with an investment of HUF 4.7 billion (approx. EUR 12 million).

For HUF 140 billion (EUR 350 million), additional capacities for pet food production and 250 new jobs will be created at the Purina plant in Bük.

The provider of data-driven logistics solutions DODO and the drugstore network Rossmann are testing drone home delivery.

The state budget finished 2022 with a deficit of HUF 4,753.4 billion (EUR 11.9 billion). Internal reasons include runaway inflation.

In the first quarter of 2023, the government will continue to support energy-intensive SMEs. The government is also expanding the program to include the commercial accommodations business.