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 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 […]
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 […]
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 […]
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 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 […]
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 […]
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, […]
Daniella Ltd. is a family business based in Debrecen with more than 30 years of experience, a leading player in the Hungarian electricity market with a network of 44 branches, a B2B and B2C webshop and an annual turnover of nearly HUF 50 billion. The company's stability and market recognition are also marked by the […]
The Netherlands-Hungarian Chamber of Commerce (DUTCHAM) has taken over the Presidency of the Permanent Commission of EU Member States in Hungary (EU Chambers) in the framework of a casual networking event of the EU Chambers at the Marriott Hotel Budapest. Since its establishment in 1994, the EU Chambers has been dedicated to enhancing the legal, […]
The total value of corporate mergers and acquisitions (M&A) in Hungary rose to a record high last year, with 110 transactions worth an estimated USD 9 billion. The number of deals was virtually stagnant compared to the previous year, but their estimated total value set a record with an increase of almost 40 percentage points […]
Vehicle trading company and mobility service provider AutoWallis Group's revenue exceeded HUF 398.4 billion las year, which is HUF 32.2 billion (or 8.8%) higher than the revenue for the previous year, the Group announced on the website of the Budapest Stock Exchange. The report says organic growth in the Group's revenue was 7%, which is […]
