HATC SAMPLE EDITION:
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19th June, 2025
Large factories shed jobs in past year
Hungary’s largest industrial firms have significantly reduced headcount over the past year, Telex reports.
The 15 biggest domestic manufacturers cut a combined 4,655 jobs – an average reduction of 7.8% – between April 2023 and April 2024.
Of the companies surveyed, 11 reduced their workforce, while four moderately increased theirs.
The combined total number of employees at these companies fell from 64,446 to 59,791 in the space of a year.
Audi, Hungary’s largest industrial employer, eliminated 653 jobs. Samsung SDI, the country’s second-largest company by revenue, reduced its workforce by 631.
Mercedes-Benz, whose Kecskemet plant ranks third, was one of the exceptions, adding 68 new jobs.
The steepest reductions occurred at the Jabil plant in Tiszaujvaros (down 24%), Samsung SDI’s God facility (18%), and SK On’s sites in Komarom and Ivancsa (34%).
The latter two have reportedly seen a sharp fall in EV battery orders, contributing to the dramatic contraction. (telex.hu; portfolio.hu; 24.hu; forbes.hu; economx.hu)
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19th June, 2025
Adriatic port firm posts Ft 2bn loss
Adria Port, the Hungarian state-owned company holding the concession for a section in the port of Trieste, reported a net loss of euro 861,000 in 2024, an improvement over the euro 982,000 shortfall recorded in 2023.
The operating loss of euro 1.3 million was partly offset by euro 418,000 in financial income, mainly from interest earnings.
Adria Port’s second Italian subsidiary, the Milan-based APH Invest, established in 2023, posted a euro 31,000 loss for 2024.
HVG adds that the project underscores Hungary’s ambition to secure direct access to the Adriatic for strategic logistic purposes. However, profitability remains a distant prospect. (hvg.hu; forbes.hu)
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19th June, 2025
Forestay and OTP back new hotel
Forestay Fund Management has signed a euro 28 million financing agreement with OTP bank to support the development of the Moxy Budapest Downtown hotel, a 283-room project on Kazinczy utca in Budapest’s party district.
The hotel, slated for completion in May 2026, marks the debut of Marriott’s Moxy brand in Hungary.
Alongside guest accommodation, the development will include nearly 1,000m2 of ground-floor retail space and an underground garage for 85 cars.
The project is being developed and will be operated by the Forestay Group, which is expanding its hospitality portfolio in the region. (portfolio.hu)
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19th June, 2025
Debrecen Airport suspending operations for runway maintenance
Debrecen International Airport will suspend operations from June 30 to July 3 to carry out preventive maintenance on its runway, local media outlet Haon reports.
The decision follows unusually high temperatures over the Pentecost weekend, which raised concerns about potential heat-related surface damage, as occurred last summer.
The maintenance aims to safeguard the long-term operability of the airport’s infrastructure and to enhance the condition of the runway to ensure uninterrupted service, the airport operator added. (haon.hu; portfolio.hu; 24.hu; index.hu)
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19th June, 2025
MAV testing Chinese commuter train
A Chinese-made CRRC Zemu double-decker train is currently undergoing compatibility testing by MAV Rail Tours on behalf of the Chinese manufacturer, state railway company MAV said on Facebook on Wednesday.
The trials are a prerequisite for operating approval of the model.
MAV has not disclosed further details, nor has it confirmed any intention to procure the model.
At present, the only double-decker trains in regular service with MAV are the KISS electric multiple units, produced by Swiss concern Stadler. (portfolio.hu)
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