The Chinese Contemporary Amperex Technology Co. Limited (CATL), the world’s largest battery manufacturer will build its second European plant in Debrecen.

The South Korean supplier of the battery industry, Nice LMS is building a greenfield plant in Vác with an investment of HUF 5.2 billion (EUR 13 million).

Gloster acquires a majority stake of 51% in G-plus Consulting for EUR 1.4 million. The Munich company was founded in 2009 to offer nearshore services of the highest quality.

In July, consumer prices increased by 13.7% yoy. For a quarter of a century, Hungary has not experienced such rise in prices.

The volume of industrial production grew by 1.5% year-on-year in June. Based on working-day adjusted data production increased by 4.8%.

Sipospack Kft., a manufacturer of packaging materials based in Sóskút, will invest more than HUF 1 billion (EUR 2.5 million) in expanding its production capacities by 2024.

Airbus Helicopters officially inaugurated the new Airbus factory in Gyula. The factory currently employs 50 people but the aim is to reach 250 employees within a few years.

The development of the BudaPart quarter near the Kopaszi Dam is one-third complete. The project started in 2015 and is to be fully completed by 2030.

The Chinese automotive manufacturer NIO announced to build a battery swap station plant. The plant in Biatorbágy is the company’s first plant in Europe.

OTP Bank announced the completion of the transaction to purchase of Alpha Bank Albania. As the result of the acquisition, OTP Group further stenghtens its market position in Albania.