Peugeot, the Stellantis group's best-selling brand, still ranked eighth in the European new car market in 2025 with sales of 546,000 cars, while Chinese players are arriving one after another; maintaining market share this year poses a variety of challenges for the French brand, Peugeot's brand director, Gábor Rémi said at a press conference in […]
Hungary's merger and acquisition market was worth USD 369 million in 2025, an analysis by multinational law firm A+O Shearman is quoted by MTI. The analysis took into account 65 transactions during the year. M+A value was well under the USD 4.751 billion record in 2024, when the state partnered with France's VINCI to buy […]
Over 40 designers presented their collections at the recently held 17th Budapest Central European Fashion Week, attracting 5,500 visitors from 12 countries, organizers told MTI on Wednesday. The fashion show was organised in cooperation with international partners such as the Czech Fashion Council, the Ljubljana Fashion Week, the Slovak Fashion Council, the Ukrainian Fashion Week, […]
Hungarian pharmaceutical company Gedeon Richter on Wednesday said it signed a strategic research collaboration and option-to-license agreement with Swiss biotech company FimmCyte. Richter said the partnership aims to advance the development of FimmCyte's FMC2 antibody for the treatment of endometriosis. The parties have negotiated an exclusive and worldwide license agreement for the future development and […]
Hiventures, the venture capital arm of the Hungarian Development Bank (MFB), is setting up a HUF 17 billion fund targeting local startups focused on AI, deeptech, greentech and medtech, CEO László Hradszki told journalists. He added that innovative companies can already apply for funding on the Hiventures website. The new fund supports the flourishing of […]
Building materials maker Masterplast has scrapped plans for a stone wool plant and will continue to focus on glass wool production, following a review of its insulation materials portfolio, the company said in an announcement posted on the website of the Budapest Stock Exchange. "The board of directors decided that the strategic focus will continue […]
An 84-hectare solar park with capacity to supply sufficient power to 25,000 households started test operation in Kiskunhalas (S Hungary), the facility's capital investor Trustify Impact I Private Equity Fund said in a statement. The investor of the project was SSI Invest. The facility has connection capacity of 40MW. Under appropriate conditions, it has capacity […]
With the handover of the riding hall building, the complete renovation of Gyula Castle Baths, worth a total of HUF 3 billion, has been completed in the town of Gyula (SE Hungary). The entire facility is now available to guests, the Ministry of Foreign Affairs and Trade has announced. According to the ministry, Hungary's appeal […]
The National Bank of Hungary (MNB) is supporting the green transition and the achievement of domestic climate goals through a new professional partnership, according to the central bank's website. The MNB has signed a cooperation agreement with the Hungarian Hydrogen Technology Association (MHTSZ). The main objective of the agreement is to assess the financing needs […]
MOL group has turned to the Energy Ministry to free up the country's strategic crude reserves, the oil and gas company told MTI on Monday. The measure would allow MOL to maintain secure supply for the region, MOL said, adding that no deliveries of Russian crude through the Druzhba pipeline had arrived since January 27. […]
Geoinform, a unit of Hungarian oil and gas company MOL, has signed a strategic cooperation agreement with United States-based Baker Hughes, MOL's press office said on Monday. According to the announcement, Geoinform, which is a major service provider in the Hungarian hydrocarbon and geothermal industry, aims to increase its role in research and production in […]
Hungarian researchers are developing a revolutionary new method that uses electrodes implanted under the scalp to detect the electrical signals of epileptic seizures in real time and reduce the number of seizures through targeted electrical stimulation, according to the website of Semmelweis University. The developments underway at Semmelweis University in Budapest and the University of […]
The Hungarian oil and gas company Mol will open ten new filling stations in Poland in the first half of this year, one of the largest development programs of the company's Polish subsidiary (Mol Polska) in recent years, according to a report by Polish economic news portal ISBnews on Monday, citing a statement by Mol. […]
Real estate development firm WING's last bond package with a nominal value of EUR 34.8 million received purchase offers totaling EUR 57.64 million, with a fixed interest rate of 6%. With this, WING further strengthened its presence on the capital market and initiated the listing of the WINGHOLDING 2029/I bond on the Budapest Stock Exchange. […]
AKKO Invest Plc. said in a statement on the website of the Budapest Stock Exchange on Monday that its wholly owned subsidiary, NEO Property Services Plc., participated as a bidder in the open EU tender announced by MÁV Track Operation Plc., a subsidiary of MÁV Hungarian Railways, for a strategic public procurement tender for a […]
