Indotek Group has announced the appointment of Philip Wood as Head of International Transactions & Asset Management as of October 1, 2024. In this role, he will oversee the asset management group’s international expansion strategy, focusing on key markets in Central, Southern and Western Europe. He will lead the company’s efforts to explore new market […]

GKID has entered into an agreement with PwC under which PricewaterhouseCoopers Magyarország Ltd. acquires a 100% stake in GKID Research & Consulting Ltd. This acquisition will expand PwC’s consulting business with e-commerce, package logistics, media market as well as data service and market research expertise, PwC Hungary says in a statement. Under the terms of […]

Starting October 1, 2024, László Radványi will succeed Tamás Lőcsei as the new Country Managing Partner of PwC Hungary. Tamás Lőcsei will transition to overseeing key projects in Central and Eastern Europe (CEE) and driving local business development in Hungary, according to a press statement by PwC Hungary. László Radványi, who has been with PwC […]

The vast majority of companies believe they can meet their climate change commitments, but for most it could take decades, according to a survey by Ernst & Young (EY), which has published its findings in a statement. According to the survey by the international consultancy firm, almost 70% of companies in Hungary are confident that […]

BestDrive, the international tire service network of the Continental Group, is expanding in Hungary, having opened its first franchise in Budapest this week. BestDrive announced in a statement to MTI that it will start operations this year with five franchised brand service centers in Budapest and three in rural areas – Szeged, Debrecen and Székesfehérvár […]

Hungarian-owned Master Good Group has acquired a strategic stake in NOBU, a chain of more than 50 restaurants and nearly 20 hotels worldwide. The group comprised of Master Good Ltd., Baromfi Coop Ltd. and Sága Foods Plc., is one of the largest food industry players in the region it and has been a dominant player […]

Hungary will present itself as a bridge between East and West, as the main meeting point for Western and Eastern investments and developments at EXPO REAL, one of the world's most prestigious real estate development trade fairs, between October 7-9 in Munich, the National Investment Promotion Agency (HIPA) and the Real Estate Developers Round Table […]

Launched three years ago, the English language Hugo app helps collect Hungarian-related sites in the United States, building a network of ‘Hungarian traces’ from the American Revolutionary War to the present day – historical, cultural or even gastronomic. As Anna Smith Lacey, the Executive Director of the Washington DC-based Hungary Foundation, the app’s developer, explains […]

Hungaro Energy Natural Gas, Energy Trading and Service Provider Ltd. of Pécs, S Hungary, which is engaged in the sale of natural gas and electricity, related maintenance activities and energy consulting, is starting the production of foam glass for use as thermal insulation in the construction industry. According to a statement sent to MTI by […]

The after-tax profit of energy and soft drinks producer Hell Energy Group increased by 137.8% to HUF 13.72 billion in the first half of 2024 compared to the same period a year earlier, Hell Energy Hungary Ltd. announced on the website of the Budapest Stock Exchange (BSE) on Wednesday. The sales volume increased by 14.1% […]

Agnieszka Bobrukiewicz has become a member of the Board of Directors of the ORLEN Unipetrol Group, the largest refining and petrochemical company in the Czech Republic. In her new role, effective September 1, 2024, she will focus primarily on the management of the Group's retail segment and marketing activities within the Czech, Slovak and Hungarian […]

The acquisition of Foxpost has been closed following the receipt of clearance from the competition authority and the fulfilment of other conditions, the sellers, Wallis Group and Trueway (formerly Finext), told MTI. According to the statement, the growth plans of the Hungarian-based parcel delivery service provider will be supported by international ownership. Further growth is […]

Félegyházi Bakery, a 100% Hungarian-owned, two-generation family business, has been implementing a HUF 10 billion greenfield investment since the end of last year, Zoltán Magyar, the bakery's chief operating officer, said in a podcast interview. Hungarian bakery products are of high quality, but Hungary still imports more of them than it sells on foreign markets. […]

Erste Bank closed a successful first half of the year in Hungary with an operating profit of more than HUF 120 billion, up from HUF 93 billion in the previous year, and a nearly 60% increase in profit after tax to HUF 74.4 billion, Erste CEO Jelasity Radovan said at a press conference in Budapest […]

From June 2024, Anna Orosz has been appointed as Director of Corporate Affairs and Communication at HEINEKEN Hungária Breweries Plc. Over the past fifteen years, she has gained extensive experience in the field of corporate communications at Egis Pharmaceuticals, Lufthansa Systems,and Bristol Myers Squibb, among others. Anna Orosz was appointed as the new Director of […]