 |
|
 
|
|
|
HATC SAMPLE EDITION:
|
|
27th November, 2025
Vulcan Shield Global to start hiring
Singapore-based Vulcan Shield Global plans to set up its local unit by year’s end and start hiring staff in early 2026 for its new factory in Bekescsaba, based on an agreement signed with the local vocational training centre on Wednesday.
Vulcan Shield Global announced in September that it would build a plant in Hungary with a euro 700 million investment in three phases, creating 2,500 jobs.
The company will produce advanced ceramic and aluminium-fibre materials for the automotive, aerospace, electronics, and other high-tech sectors, said CEO David Kneale.
The government supported the project with a Ft 50 billion grant.
Kneale said that around 20 people will start stocking inventory from China at a rented hall next to the site of the future plant.
Production is expected to start with a small staff in the summer of 2026 after the arrival of machinery, with headcount to rise to 100-200 once the factory goes online.
Kneale said the company plans to build a long-term, locally rooted operation, relying on regional suppliers, subcontractors, and workforce.
The project has been designated a priority investment by the government, ensuring faster administrative processing and approvals. (vg.hu; telex.hu; hrportal.hu; novekedes.hu; ma.hu)
|
27th November, 2025
Duna House to enter Spanish market
Duna House entered the Spanish market by acquiring a 22.08% stake in sector peer Don Piso Group through a capital raise, and its stake will increase to 34% at the beginning of 2026, the Budapest-listed property agency announced.
Its stake will rise to 67% within three years, and the company has options to acquire the remaining 33%.
The purchase price for the future transactions will be calculated based on Don Piso Group’s performance.
Duna House will roll out its loan brokerage brand Credipass, which is already active in Italy and Poland with a total of euro 2.7 billion in new loan disbursements in 2024.
Duna House will hold a 51% stake In the joint venture set up in Spain, with plans to increase it to 100% over time.
“The agreement brings us closer to the strategic goal of becoming Europe’s market leader in financial and real estate solutions”, Guy Dymschiz, CEO and co-founder of Duna House, said in the statement, Forbes writes.
The value of the Spanish mortgage market is estimated at euro 62 billion, with 500,000-700,000 property transactions annually.
The Barcelona-based company Don Piso, founded 40 years ago, has a nationwide presence, and operates 400 offices.
Duna House aims to triple its core ebitda by 2029 from euro 12 million to euro 33 million, while revenues are set to double from euro 100 million in 2024 to euro 198 million in four years. (portfolio.hu; forbes.hu; profitline.hu; privatbankar.hu)
|
27th November, 2025
One Magyarorszag completes takeover of Direct One
Mobile operator One Magyarorszag (formerly Vodafone), a subsidiary of 4iG, will take over the Hungarian satellite subscribers and cable portfolio of Direct One, Portfolio reports.
The transaction follows a deal signed last summer, approved by the GVH later, involving the sale of Direct One by its Luxembourg-based owner Canal+ Luxembourg.
Satellite subscribers of Direct One will automatically be transferred to the One TV Medium package, which includes 99 channels, including 18 in HD, with optional extra services such as HBO and Cinemax.
Monthly subscription fees remain unchanged, though the current Direct One e-Pack discount will end, and subscribers can access the same package under new terms, the statement read.
The acquisition will significantly increase One Magyarorszag’s satellite customer base.
Financial details of the deal were not disclosed. (portfolio.hu; vg.hu; piacesprofit.hu; economx.hu)
|
|
|
|
 Contact
Free Trial Subscription
|
|
