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HATC SAMPLE EDITION:
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3rd July, 2025
CATL dismisses dozens in Debrecen
Chinese EV battery giant CATL, currently constructing a factory in Debrecen, has laid off dozens of Hungarians over the past week, according to five independent sources, including current and former employees, cited by Telex.
The company reportedly intends to replace the dismissed employees with workers from China.
The cuts began with probationary employees before extending to those on permanent contracts who had been with the firm for up to six months.
The layoffs have affected office staff, skilled labourers, maintenance crews, quality controllers and process engineers alike. (telex.hu; economx.hu; 444.hu; portfolio.hu; index.hu)
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3rd July, 2025
4iG plans joint venture with state defence company
4iG Space and Defence and the state-owned HM Logistics and Asset Management have signed a non-binding memorandum of understanding to explore strategic co-operation opportunities in defence digitalisation.
More specifically, the two companies will look for ways to work together in the fields of software development, system integration, IT and telecoms infrastructure development, and cyber defence.
They will also examine the possibility of establishing a joint venture. (portfolio.hu; economx.hu; novekedes.hu; magyarhirlap.hu; index.hu; mfor.hu)
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3rd July, 2025
4iG purchases virtual network firm
4iG Telecommunications Holding has signed an agreement to acquire a 99% stake in the mobile virtual network operator (MVNO) Netfone Telecom.
The deal aims to align the interests of Netfone Telecom and the mobile network operator (MNO).
Post-acquisition, Netfone Telecom will maintain its independence and continue operations as a separate entity.
Customers will not experience any disruption, with services continuing unchanged.
The transaction remains subject to approval by the competition authority GVH. (mfor.hu; novekedes.hu; index.hu)
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3rd July, 2025
UBM sets up Kazakhstan joint venture
Hungarian fodder maker UBM announced on Wednesday the creation of UBM Nutrition Central Asia in Kazakhstan on June 30.
The new company is a joint venture established by its subsidiaries UBM Feed Kazakhstan and UBM Grain, along with a minority partner who brings long-standing local market expertise and animal-husbandry experience.
UBM Nutrition Central Asia will build and operate a premix plant for UBM in Kazakhstan, positioning the group to capture a larger share of the region’s fast-growing animal-nutrition market. (portfolio.hu)
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3rd July, 2025
MOL stops refinery units due to malfunction
A technical malfunction at the Danube Refinery in Szazhalombatta, near Budapest has led to increased flaring and visible smoke in nearby communities, MOL said after readers reported the case to Telex.
Repair work is under way, and fuel supply remained unaffected, the energy company said.
However, as restoration efforts continue, further episodes of heightened flaring and smoke are anticipated at the site, MOL added.
The problem was caused by an overheated compressor producing compressed network air, which caused the affected plant units to be shut down. (telex.hu; portfolio.hu)
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3rd July, 2025
Zwack appoints new CEO, announces dividend
Zwack Unicum has appointed Csaba Belovai as its new CEO, effective July 1, the Budapest-based distiller announced on Wednesday.
Born in 1970, Belovai joined Zwack in 2004, initially as a sales director, after spending 12 years with Unilever.
CEO Frank Odzuck and deputy CEO and chief financial officer Tibor Andras Dornyei retired on June 30.
Dornyei’s position was taken over by Gyorgy Guttengeber, former controlling and logistics manager.
Zwack also announced a Ft 1,500 dividend per share payout from July 30, to those who own shares on July 23. (mfor.hu; portfolio.hu; economx.hu)
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3rd July, 2025
Sport shoe chain Playersroom to close
The final Playersroom store is set to close on September 1, with the website shutting down simultaneously, the company announced on Facebook.
The entire remaining stock will be liquidated online at discounts of 50-70%.
Playersroom was “a defining player in domestic sneaker culture” in Hungary over more than two decades with 125 stores, and was the largest sales agent of global brands such as Nike and Adidas, said CEO Peter Gem.
His team will henceforth concentrate efforts exclusively on Dorko, a well-known Hungarian footwear brand and chain. (portfolio.hu; telex.hu; index.hu; 24.hu; economx.hu)
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