Listed real estate broker DH Group on Tuesday announced its entry into the Spanish market through the gradual acquisition of local peer Don Piso Group and the establishment of a joint venture to introduce its Credipass financial services in Spain. Under an agreement, DH Group acquired an initial 22.08% stake in Don Piso Group through […]
The Hungarian Chip Competence Center (HCHiP), a consortium of researchers, engineers and industry partners, that aims to connect local innovation to Europe's technology ecosystem, announced its launch with EUR 7.9 million in funding in a statement on Tuesday. The creation of the consortium is supported by EU funds. HCHiP is led by the Bay Zoltan […]
Shopper Park Plus, which owns a portfolio of retail properties in Hungary, the Czech Republic and Slovakia, has announced the successful close, on Monday, of a share issue that raised a little over EUR 100 million. In an announcement on Tuesday, Shopper Park Plus said 9,300,000 shares were subscribed at a price of EUR 10.80 […]
Dreher Breweries is ploughing HUF 30 billion into its base in the capital to boost efficiency, the company told MTI on Tuesday. Dreher is building a fermentation plant and a new energy center in the first phase of a HUF 100 billion investment project. Phase one is expected to finish by the end of 2026. […]
Automotive industry supplier Flex inaugurated a HUF 35 billion plant of 10,000 square meters in Zalaegerszeg, SW Hungary on Tuesday. The Flex Zala Automotive Next Gen Mobility plant, which created 210 jobs, is expected to advance the search for solutions to the biggest challenges ahead of the automotive industry. Hungarian taxpayers contributed to the investment […]
The Hungarian banking sector's stability indicators remain favourable, the sector is characterised by high shock absorbing capability, while risks are increasing in the real estate markets, the National Bank of Hungary (MNB) says in its report published this Tuesday. Presenting the latest biannual Financial Stability Report, Ádám Banai, a managing director at the central bank, […]
For the second time, Budapest's Ferenc Liszt International Airport, part of VINCI Airports, has won the Cargo Airport of the Year - Europe award at the Payload Asia Awards, the operator company Budapest Airport says in a media bulletin. The award was given by a jury of leading industry experts, in recognition of the company’s […]
The revenue of ANY Security Printing Company for the first three quarters of 2025 is HUF 55,2 billion, of which 61% is generated from international markets, the company said in its quarterly report on the website of the Budapest Stock Exchange. 53% of the total revenue, HUF 29,2 billion was generated from the sales of […]
WING, one of the leading real estate development and investment groups in the Central European property market, has received significant professional recognition. The Hungarian Chapter of the International Real Estate Federation (FIABCI) announced the 27th Hungarian Real Estate Development Excellence Awards Competition this year, where WING’s Liget Center project earned multiple awards. FIABCI, headquartered in […]
Hungarian cosmetics and cleaning products company Caola inaugurated a technology upgrade at its base in Martonvásár, near the capital, on Monday, MTI reports. With support from the Sándor Demján program created to support SME investments, Caola has purchased a packaging machine used in body powder production and a power storage system and a process control […]
Hungary's general government deficit reached HUF 3,667.7 billion at the end of October, 72.6% of the full-year target, the Ministry of National Economy confirmed in a detailed reading of data quoted by MTI on Monday. The report noted the deficit target of the general government, corresponding to a 3.7% ESA deficit target in the adopted […]
Third-quarter net profit of listed real estate broker Duna House, recently rebranded as DH Group, climbed 68% year-on-year to HUF 1.1 billion, an earnings report released on Monday shows. Net sales revenue rose 21% to HUF 11.9 billion. Domestic sales reached HUF 1.8 billion, while the Italian business generated turnover of HUF 6.5 billion and […]
The Budapest Stock Exchange (BSE) share index, the BUX, closed at 107,255.57 points on Friday, down 309.98 points or 0.29%, according to MTI. The stock market turnover was HUF 21.8 billion, with leading shares weakening compared to the previous day's close, with the exception of OTP. Both the BUX index and leading shares closed the […]
Toyota sold approximately 14,000 cars in the Hungarian new car market by the end of October this year, and its sales could reach 17,000 by the end of the year, which means it is expected to maintain its leading position among brands. Next year, it will support the spread of new energy vehicles on European […]
Harro Höfliger, which makes machinery for the pharmaceutical industry, inaugurated this Friday a HUF 6 billion capacity expansion at it base in Debrecen (E Hungary). The expansion is expected to create over a hundred jobs. The site is the company's second biggest outside Germany. A quarter of the investment costs is covered by Hungarian taxpayers […]
