PowerPak Ltd., a company engaged in the mixing and packaging of cosmetic, care and chemical household products, has built a new plant and warehouse in Göd, just north of Budapest, with HUF 5 billion, the company told MTI. According to the statement, the development will enable the company to serve the growing needs of its […]
The number of job opportunities offering some form of home-based work has increased by 7% since May last year compared to the previous year, according to the latest analysis by Profession.hu. According to a summary sent to MTI on Tuesday, looking at the jobs advertised over the past year, the most common atypical form of […]
Danubius Hotels Plc. places great emphasis on the continuous renewal of its properties, having spent approximately HUF 35 billion on renovations and modernization over the past five years. This year, the transformation of Danubius Hotel Helia in Budapest has been completed, while refurbishments continue across several other hotels in the chain, according to a press […]
Despite a volatile macroeconomic environment, AutoWallis Group increased its revenue by more than 20% to reach HUF 107 billion in the first quarter while the company’s EBITDA dropped to HUF 3.3 billion, primarily because of the unfavorable operating environment. This record revenue was primarily driven by recent acquisitions and business development initiatives, the company says […]
More than half of adults feel overwhelmed by being on social media platforms, according to a recent survey by HEINEKEN. A new advertising campaign from the globally popular beer brand is calling attention to the fact that ever-increasing screen time is draining social batteries, and online communication is slowly taking the place of real-life encounters. […]
Hungarian movie director István Szabó was awarded the Lifetime Achievement Tribute by the International Federation of Film Critics (FIPRESCI) on Friday evening at the 78th Cannes International Film Festival, before the screening of the restored version of his film 'Sunshine'. The 4K resolution digital version of the Hungarian film classic, shot 25 years ago and […]
Since the start of Audi Q3 production in Győr in 2018, one million units of this successful model have been produced, Audi Hungaria said in a news release. Since its foundation in 1993, Audi Hungaria has produced more than 45 million engines and more than two million vehicles in Győr, NW Hungary. Production of the […]
Geopolitical risks, economic sanctions and exchange rate volatility – it's not an easy situation for treasury experts today. 96% of them see cash and liquidity management as their top priority, and 80% see effective management of financial risks, according to a survey of more than 100 Hungarian treasury professionals conducted by PwC Hungary in 2024. […]
The leading representatives of the domestic real estate market 2025 gathered for the second time on May 15 at the exclusive HAD Real Estate Business Brunch, organized by the Belgian-Hungarian owned RaktárAD, in the framework of the Industry Days exhibition, where the group won the award for the most beautiful stand this year. The event […]
From the second quarter of 2024, the increase in primary yield came to an end in all segments of the commercial real estate market; however, in the second half of the year the slow growth of GDP failed to provide a significant boost to market activity, Hungary's central bank says in its latest domestic commercial […]
The Japanese company has set up a carboxymethyl cellulose processing plant on its 43,000-square-meter site in Vácrátót, north of Budapest. The environmentally friendly product produced here is used as a binder for electric vehicle batteries. The larger granules of the raw material, which are delivered to the Nippon Paper Chemicals Europe plant, are ground into […]
The Le Primore Hotel & SPA, which will open its doors as Hungary's largest premium spa hotel, is counting mainly on domestic tourists and guests from neighbouring countries in Hévíz, the hotel's director, Alfred Hackl said at a press tour on Tuesday. The director told MTI that the five-star superior hotel can accommodate more than […]
Tünde Bognár will take up the position of CEO of Graphisoft Park SE on July 1, following the retirement of János Kocsány, who has managed the company for 30 years, the company announced on the Budapest Stock Exchange (BSE) website on Tuesday. According to the announcement, Tünde Bognár joins the company from the portfolio management […]
In the spirit of faith in a sustainable future, the ProviGreen program of Provident Financial Ltd. continues. On May 10, employees of the company and their family members planted 100 trees in the Budakeszi Wildlife Park, thus actively contributing to the increase of the Hungarian forest stock, the company said in a statement. The aim […]
The consolidated revenue of Gedeon Richter Plc. was HUF 224 billion in the first quarter, up 10% year-on-year, the pharmaceutical company announced on the website of the Budapest Stock Exchange (BSE) on Tuesday. The company posted a profit after tax of HUF 68.1 billion in the first quarter, similar to the previous year. According to […]
