The Ideona consulting group has handed over another solar power plant integrated with an electrochemical energy storage system in Söpte, Vas County, according to a statement by Ideona Plc. to MTI. The energy is produced by 4,123 solar panels with a capacity of 3,300 megawatts per hour, which are capable of meeting the total annual […]
The building insulation materials firm Masterplast’s revenue (EUR 136 million) declined by 6.2% compared to the 2023 base due to the persistently weak industry environment, despite the successful entry into the market for Certified Energy Savings (HEM), which generated significant additional sales, the company reported on the website of the Budapest Stock Exchange this Friday. […]
Service exports calculated in EUR decreased by 3.6%, and imports by 2.6% in the 1st quarter of 2025, compared to the same period of the previous year. The surplus reached EUR 2.2 billion, EUR 141 million less than in the 1st quarter of 2024, the Central Statistical Office (KSH) reported this Friday. Export value lessened […]
Hungary’s central bank has decided to maintain its key interest rate at 6.5%, marking the eighth consecutive month without any changes. This move comes as policymakers remain focused on combating persistent inflation expectations, despite mounting challenges for the country’s export-driven economy. The decision to hold the benchmark rate steady was in line with expectations, with […]
Mercedes-Benz Manufacturing Hungary Ltd.'s 2024 revenue was EUR 4.171 billion, down by more than EUR 904 million from 2023, while the automotive company's profit after tax fell to EUR 57.596 million last year from EUR 95.661 million a year earlier, the company said on Thursday on the Budapest Stock Exchange (BSE) website. According to a […]
The Hungarian banking system is still characterised by high profitability, abundant liquidity and a strong capital position, and consequently the sector’s shock resilience remains outstanding. Banks’ lending capacity is abundant, and no general credit supply constraints can be identified. In the past period, credit risks did not rise despite the prolonged dynamization of the real […]
Gorenje Magyarország Ltd. achieved net sales of HUF 41.4 billion and a taxable profit of HUF 302 million in 2024, increasing its sales by 10% compared to the previous year, said Norbert Füle, managing director, at the company's press conference in Budapest on Wednesday. The Hungarian division of the Slovenian Gorenje Group expects sales of […]
In April 2025, 1.4 million guests spent 3.4 million tourism nights at tourist (commercial, private and other) accommodation establishments. The number of tourist arrivals was up by 17% and tourism nights by 16% compared to a year earlier, helped by Good Friday and Easter falling entirely in April this year, the Central Statistical Office (KSH) […]
Goodwill Pharma Plc. significantly increased its net sales revenue last year by 27% compared to the previous year, with the company's after-tax profit amounting to HUF 2.155 billion, compared to HUF 1.502 billion a year earlier, according to the consolidated report published by the Szeged-based pharmaceutical company on the BSE website. According to the balance […]
The application period for the 2025 For a Sustainable Future Award has officially begun. In support of this initiative — and to promote action and sustainable corporate operations — the Hungarian Business Council for Sustainable Development (BCSDH) held its first-ever Sustainable Future Inspirational Breakfast this Tuesday. The event aimed to showcase exemplary practices. The event, […]
The construction of a new production hall by BAT Pécs Tobacco Factory (BAT PD), a HUF 60 billion investment, has reached the halfway point. Once completed, it will make the company's site one of the world's largest nicotine patch production centers, the company told MTI on Tuesday. According to BAT PD's announcement, the investment is […]
Róbert Keszte has been elected as the new president of the German-Hungarian Chamber of Industry and Commerce (DUIHK), succeeding András Sávos whose three two-year terms have come to an end, the chamber announced to MTI on Tuesday. Róbert Keszte has been a member of the DUIHK's executive committee since 2024. He has been employed by […]
Last year was stronger than ever before for Rewin Hungary Ltd., a key player in the domestic benefits market. Employers showed great interest in the opportunities offered by low-value gifts with preferential tax treatment: the total value of multi-purpose fringe benefit vouchers issued in 2024 nearly tripled compared to the previous year. Rewin Hungary, with […]
Corvin Innovation Campus, developed as an extension of the Corvin Promenade, has received the WELL Core Platinum certification. Futureal was the first in Hungary to commit to applying the WELL Building Standard, which ensures human-centric building design, and has added nearly 150,000 sqm of WELL-certified office space to the Hungarian market over the past four […]
Waberer's International Plc. has entered the passenger transport market after acquiring a 51% stake in Pannon-Busz-Rent Ltd, the international transport and logistics services company told MTI on Monday. According to the information, under the terms of the transaction announced in February and closed this Monday, the company has secured an option to acquire a further […]
