Szeged's "lungs", the city's largest park, is being enriched with new trees, thanks to the support of Provident Financial Ltd. The financial service provider says in a statement that it attaches great importance to supporting the social environment in which it operates in a variety of ways, and its ProviGreen program fits in well with […]
Feintool, a Swiss-owned leader in precision electrical steel and formed steel components manufacturing, is investing EUR 34.1 million to expand its Tokod facility in Hungary’s Esztergom district. The project will add 6,740 square meters to the existing plant, with the new production unit is scheduled to start production by late 2025, the Hungarian Investment Promotion […]
MVM Energy Private Limited Liability Company has informed the market participants on the website of the Budapest Stock Exchange about an agreement on the takeover of E.ON’s Romania unit. The announcement states that E.ON Group and MVM Group have reached an agreement on the sale of E.ON’s retail and customer solutions business in Romania. Under […]
The announcement on the appointment of Csaba Belovai by the Hungarian liquor producer was made on the website of the Budapest Stock Exchange in compliance with its obligation to provide notification of extraordinary events as set out in EU and Hungarian regulations. The Board of Directors of the Company by its resolutions dated December 16, […]
RaktárAD, a logistics developer with a Belgian-Hungarian ownership background, has opened a new chapter in the Hungarian industrial real estate market for SMEs. There was already significant interest in the modern and customizable warehouses, which are typical of industrial condominiums, even at the start of construction, the company says in a press release. RaktárAD's portfolio […]
Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that on December 16, 2024 – according to its program related to employee share bonuses – 206,546 treasury shares were granted to 4,974 employees. Until January 1, 2027 the shares will be held in deposit on the employee’s securities accounts kept by […]
Peter Roebben, the current CEO of KBC Group's Bulgarian unit, will take over from Guy Libot as CEO of K&H Bank in Hungary on January 1, pending approval by the competent authorities, K&H Bank has told MTI. According to the statement, Peter Roebben started his career at KBC in 1991. Within the group, he has […]
The European arm of Airports Council International (ACI Europe) ranked Ferenc Liszt International Airport as the fastest growing European airport in October in terms of passenger traffic, the airport’s operator, Budapest Airport, powered by VINCI Airports, says in a statement. Passenger numbers in the first ten months of the year at the Hungarian capital’s Ferenc […]
The beginning of 2024 saw a slight recovery in the Budapest city center real estate market, which was, in fact, fueled by the traditional boom at the end of 2023. According to Ben-Ezra Orran, an expert at Central Home, demand has gradually increased compared to previous years, especially for newer two-room apartments. Prices on the […]
Fresh from a headline-grabbing rendezvous with US President-elect Donald Trump at Mar-a-Lago, Hungarian Prime Minister Viktor Orbán pivoted straight to a phone call with Vladimir Putin this week to discuss the war in Ukraine. The Hungarian premier is on a self-styled ‘peace mission’ ahead of passing the rotating EU presidency to Poland at the end […]
In compliance with its obligation to provide notification of extraordinary events as set out in a decree of the Minister of Finance, ALTEO Plc. has announced on the website of the Budapest Stock Exchange that this Thursday, the company exercised its purchase right under the contract concluded between itself and Callis Ltd., thus concurrently, the […]
In a private placement, the AutoWallis Group has issued EUR 20 million in bonds with favorable terms, contributing to the company continuing to bolster its position as a major regional car sales and mobility service provider. The funding aims to provide financing for the continued international expansion and the acquisitions of AutoWallis, currently present in […]
Gedeon Richter Plc. and Hikma Pharmaceuticals Plc. has announced that the U.S. Food and Drug Administration (FDA) had accepted for review the Biologics License Applications (BLA) for RGB-14, a Denosumab biosimilar candidate comprising two biosimilar products referencing Prolia® and Xgeva®, a human monoclonal antibody for the treatment of osteoporosis and fractures due to bone metastasis, […]
The 1,200-square-meter warehouse of the Continental Tobacco Group has been inaugurated at the Pataki Road industrial estate in Sátoraljaújhely, NE Hungary, the company told MTI on Wednesday. According to the information, the warehouse, which was built with HUF 463 million of the company's own funds, was completed as part of the tobacco company's HUF 16.5 […]
The 36th Annual General Meeting of the American Chamber of Commerce (AmCham Hungary) has elected Ákos Janza, MSCI's Global Head of AI and HR Transformation and Office Operations, as its President, the organization has told MTI. Ákos Janza will take over from Zoltán Szabó, Head of Sales and Customer Service Experience at Deutsche Telekom TSI […]
