Consolidated sales of Richter Gedeon Plc. amounted to HUF 636.4 billion in the first nine months, up 5.7% year-on-year, the pharmaceutical company announced on the website of the Budapest Stock Exchange on Tuesday. The company posted a 42.2% increase in profit after tax to 175.9 billion forints in the first three quarters. The report underlined […]
Office park operator Graphisoft Park SE's pro forma net profit for the first three quarters of 2024 amounted to EUR 6.18 million, up 11% year-on-year, the company announced on Tuesday on the website of the Budapest Stock Exchange (BSE). According to the executive summary of the report, this growth is partly due to the office […]
An exhibition of photographs by André Erdős, former UN ambassador of Hungary, opens on Tuesday in the Black House at the Móra Ferenc Museum in the city Szeged, SE Hungary. As, Anita Hegedűs, press officer of the public collection, told MTI, the public can see photographs from the 1960s until 2004 of the ambassador's assignments […]
MBH Bank Plc. is further increasing its stake in Fundamenta-Lakáskassza Plc. after signing a sale and purchase agreement with Generali Biztosító Plc.. for the purchase of a 14.88% stake in the housing savings bank; after obtaining the necessary regulatory approvals, the credit institution will hold a total of 91.23% of the company. MBH Bank said […]
E.ON Hungária is spending HUF 8.4 billion on the development of the electricity network in Kaposvár and its surroundings, with the aim of ensuring a long-term stable and secure electricity supply, the group's investments, which started last year and will last until 2026, E.ON informed MTI on Monday. The group, which operates the electricity networks […]
The Shopper Park Plus Group's profit after tax for the first nine months of 2024 amounted to EUR 16.1, significantly higher than the EUR 8.3 million profit in the same period of the previous year, due to a property revaluation gain, also due to new leases signed. The SPP Group's gross profit improved by 10.5% […]
On Friday, the Budapest Stock Exchange (BSE) commemorated the 30th anniversary of the listing of the pharmaceutical giant Richter Gedeon Plc. with a ceremonial opening bell Participation on the stock market has made a significant contribution to the success of the pharmaceutical company both at home and abroad, a BSE statement to MTI said, explaining […]
Chinese car brand MG manufacturer SAIC Motor is to buy out the Hungarian import activities of Duna Motors Distribution Ltd., the parties announced in Budapest on Thursday. Under the agreement with Duna Autó Group, SAIC Motor CEE will take over the management and operation of the importer business, a move that is in line with […]
Hungarian Prime Minister Viktor Orbán has called for a revised European strategy on the Ukraine war following the Republican victory in the United States. Speaking at the Turkic Council summit this week, Orbán suggested that with the changing political landscape in Washington, Europe must now reassess its approach to supporting Ukraine, both militarily and financially. […]
Consolidated earnings at the Hungarian financial institution were HUF 826 billion profit after tax in January-September 2024 with an ROE of 24.9%; 3Q profit expanded by 19% q-o-q on the back of higher revenues and moderating impairments; 2% q-o-q organic increase in both performing loans and deposits, improving capital adequacy ratios. The Group’s cumulated profit […]
Profit before tax at the Hungarian oil and gas company MOL reached USD 503 mn in the third quarter of 2024, lower by 24% year-on-year but on track to meet annual guidance, the company reports on the website of the Budapest Stock Exchange. Main points of the report include: Chairman-CEO Zsolt Hernádi commented the result […]
The Hungarian-Chinese Investors Roundtable (MKBKA) was established at the end of October with the participation of key business players and business interest groups in order to ensure the efficient and successful implementation of Hungarian and Chinese cooperation, the body told MTI on Thursday. The Hungarian-Chinese Investors Roundtable is an independent group of experts that helps […]
What can European level cooperation help European and domestic companies to achieve their climate goals and climate adaptation? What partnerships can promote the domestic delivery of the Green Deal's sustainability objectives and the spread of clean technologies and green industries? The high-level delegation meeting held on November 5, 2024, in Hungarian Parliament's office building, timed […]
MOL Plc. has notified the capital markets on the website of the Budapest Stock Exchange that third Vecsés oil well (just outside Budapest), adds another 600 barrels of oil a day to MOL's Hungarian production. In the Vecsés oil field, discovered two years ago, there are three wells already operating. They produce about 4,000 barrels […]
The Casa del Caffé Vergnano, a Coca-Cola-owned company, has become a catering partner of the Félegyházi Family Bakery, which can now develop its services with a premium coffee brand, the Italian coffee company has told MTI. Based on the long-term cooperation, Coca-Cola HBC Hungary will support the bakery with modern equipment, expert advice, professional training […]
