The pro forma net profit for the first quarter of 2025 at the Graphisoft Park office complex in Budapest is EUR 2.22 million, which is slightly higher by 4% than the same period of the previous year, the company has announced on the website of the Budapest Stock Exchange. According to the execuitve summary of […]
The Master Good Group started developing the technology and production line more than 10 years ago, which has enabled it to produce organ grindings. Construction of the new plant will start this year, so that by 2026 BioFer's products will be manufactured in a factory with an expanded capacity. The tripling of the current capacity […]
A solar park with a capacity of about 28.5 megawatts has started operation at the cement plant of Holcim Hungary Ltd. in Királyegyháza, S Hungary. The power plant, set up by ID Energy Group, is capable of providing almost a third of the electricity needed for production, the company told MTI. Holcim Hungary said in […]
The March of the Living was held in Budapest this Sunday, with participants of the 21st annual walk commemorating the victims of the Holocaust marching from the Shoes on the Bank of the Danube monument to Várkert Bazaar via the Chain Bridge, MTI reported. Andor Grósz, President of the Association of Jewish Communities in Hungary […]
Free concerts, a traditional Europe Day running race, quizzes and a variety of activities attracted thousands of visitors to Budapest's downtown Szabadság Square on Sunday to celebrate 21 years of EU membership. 3,436 people completed the race, which was 21 kilometers long this year to mark the anniversary, the European Parliament Liaison Office in Hungary […]
Visit Hungary, which handles domestic and international tourism-related sales and marketing communications for the Hungarian Tourism Agency, has brought world-famous models, actors and content producers to Hungary. They are here to promote Budapest and the Hungarian countryside, Visit Hungary told MTI on Friday. According to the information, Instagram and TikTok content producers arrived for the […]
The Shopper Park Plus Group's first quarter 2025 profit after tax was EUR 10.5 million, significantly higher than the profit of EUR 4.4 million in the same period of the previous year, the Group has announced on the website of the Budapest Stock Exchange. The profit was largely based on the revaluation gain on Slovakian […]
Real estate investment and acquisitions company Indotek Group has acquired three shopping centers in Greece. In a statement, the Budapest-based company quoted Philip Wood, Indotek's managing director for transactions and asset management, as saying that in addition to its retail ambitions, "Indotek Group is actively exploring further expansion opportunities in the Greek hotel industry." The […]
The pharmaceutical company Richter Gedeon Plc.'s new central office building, the Richter Center, situated in Budapest's 10th District, has received prestigious real estate market recognition, winning the Headquarters of the Year Award in the 2025 Office of the Year competition, the company told MTI on Friday. The statement said that the 17,400-square-meter, six-story headquarters building, […]
E.ON Drive Infrastructure (EDRI) Hungary Ltd. is equipping department store chains belonging to MMXH Home Furnishing Ltd. with electric car chargers nationwide with a total investment of around EUR 1.2 million (HUF 487 million), the company informed MTI on Thursday. The Hungarian company of EDRI GmbH, a European charging station operator belonging to the E.ON […]
With the popularity of digital payment solutions, the use of cash continues to play a dominant role in everyday life, and in response to this demand MBH Bank will install ATMs at 55 Mol petrol stations, the companies' executives announced on Thursday at a handover ceremony at the Prielle Kornélia Street petrol station in Budapest's […]
Consumer prices in Hungary were 4.2% higher on average in April 2025 than a year earlier, the Central Statistical Office reported this Wednesday. Compared to March, consumer prices went up by 0.2% on average. In 12 months, compared to April 2024:A price increase of 5.4% was recorded for food, within which 26.9% for eggs, 23.7% […]
Hungary’s Fiscal Council has voiced sharp concerns over the government’s 2026 draft budget, warning that it is built on overly optimistic economic forecasts and fraught with multiple financial risks. The Council pointed to low fiscal reserves, uncertainty over EU funding, and the potential impact of an intensifying US-led trade war as key vulnerabilities. The government, […]
OTP Bank's consolidated adjusted profit after tax for the first quarter was HUF 188.576 billion, 21% lower than in the same period last year, ahead of the average expectations, the largest Hungarian financial institution has reported on the website of the Budapest Stock Exchange. Several special negative items weighed on the Q1 profitability, as the […]
MOL Group announced its financial results for the first quarter of 2025. MOL Group delivered USD 546 mn Profit before tax in Q1 2025, an increase of 23% year-on-year, the oil and gas company has announced on the website of the Budapest Stock Exchange. All key business segments improved their performance despite the economic slowdown, […]
