WABERER’S INTERNATIONAL Plc. announced back in November 2025 that its wholly owned subsidiary, the insurance company Gránit Biztosító Plc. exercises its call option right as set out in the Framework Cooperation Agreement concluded with Magyar Posta Plc. simultaneously with the share purchase agreement relating to the acquisition of a majority stake and acquires the 33.095% […]
Shopper Park Plus Plc. (SPP) has made a public announcement regarding the closing of the acquisition of a real estate portfolio consisting of eight retail parks located in Poland from the sellers Auchan Polska Sp. z o.o. and Ceetrus Polska Sp. z o.o. SPP has previously disclosed to the public certain steps related to the […]
Fourth-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, rose 19% year-on-year to 297.3 billion, according to a new earnings report. Net interest income increased 11% to HUF 509.2 billion. Net revenue from commissions and fees climbed 8% to HUF 160.4 billion. For the full year, after-tax profit rose 7% to HUF 1,146.3 billion. […]
Hungarian-owned construction company Bayer Construct will invest HUF 12 billion to expand capacity at its base in Sóskút, southwest of Budapest. As a result of this major investment, a 12,000-square-meter bathroom assembly plant is now being built in Sóskút, and the company is also establishing a precast concrete, carpentry and locksmith plant. In addition, by […]
AutoWallis Group further strengthened its international presence, and partly as a result of this, its revenue grew by 20% to HUF 477 billion in 2025, representing a total market footprint of HUF 587 billion including companies jointly managed with partners, the Group reports in a statement on the website of the Budapest Stock Exchange. Growth […]
Output of Hungary's industrial sector fell 2.5% year-on-year in January, a first reading of data released by the Central Statistical Office (KSH) on Friday shows. Output edged 0.3% higher when adjusted for the number of workdays. Output fell in most branches of manufacturing, with increases in the computer, electronics and optical equipment and the electrical […]
Denmark-based Xellia Pharmaceuticals is investing EUR 70.85 million in Szigetszentmiklós, south of Budapest, further strengthening Hungary's role in the European healthcare and antibiotic supply chain. The development aims to create a modern, automated pharmaceutical manufacturing plant and promises create 91 new high value-added jobs. Headquartered in Copenhagen, Xellia Pharmaceuticals is a specialty pharmaceutical company focused […]
Hunguest Hotels has won a tender to operate the four-star Gotthard Therme Hotel in Szentgotthárd (W Hungary) for five years, parent company Opus Global said on Friday. With the addition to the portfolio of the 148-room hotel, near the border with Austria, Hunguest Hotels manages 23 properties. The tender to manage the hotel was called […]
A consortium of Hungarian companies has launched a research project focusing on non-terrestrial networks, which use satellites for wireless communication, Szabolcs Szolnoki, a deputy state secretary at the National Economy Ministry said on Thursday. The project, dubbed RAVEN (Resilient Access Validation for Evolving NTN), is led by C3S Ltd., a university spin-off, and includes Molaris […]
Domestic retail is struggling with the limitations of economies of scale, the unstoppable rise of Chinese platforms and the technological revolution. That is according to a panel of experts gathered for the Portfolio Retail Day 2026 conference and analyzed the situation of the domestic and international retail market, changes in consumer trends, and strategic directions […]
Feed supplier Neocons and IT company CodeYard have been awarded HUF 248 million in European Union and state grant money for the development of an AI-powered business and production support software, Neocons told MTI. The aim of the development is to create an innovation-based, artificial intelligence-supported business planning and production support system that provides a […]
Automotive front-end module manufacturer HBPO is expanding its activities in Hungary beyond production by opening a business services center. Established in Győr, western Hungary, the center supports 24 HBPO plants in Central Europe, by providing R&D and engineering services, including the development of Industry 4.0 digital solutions and manufacturing tools. The EUR 4 million investment, […]
Special flooring maker Graboplast will invest HUF 9.3 bn in a capacity expansion, complemented by an R+D development, at its base in Győr (NW Hungary), it was announced on Thursday. The Hungarian-owned company, which is the market leader in Central Europe in the field of special flooring manufacturing, is implementing a capacity expansion and a […]
One Macedonia Telecommunications, the North Macedonian unit of Hungary's 4iG Group, has signed an agreement with Sweden's Ericsson on the rollout of a standalone 5G mobile network in the country, the Hungarian communications technology company 4iG said in a statement. Ericsson will be the exclusive technology partner in the EUR 100 million investment. The first […]
Even the youngest children are asking questions about climate change today. Not only do they understand the problem, they also want to do something about it. The Earth Champions competition launched by the E.ON Hungária Group builds on this energy, transforming children's concerns into joint, joyful action. According to the press release, the energy company […]
