Mass production has begun at South Korean-owned EcoPro BM Hungary's cathode materials plant in Debrecen (E Hungary), according to a company statement released and reviewed by MTI on Tuesday. The plant is EcoPro's first European manufacturing base. The 44-hectare complex has three units: EcoPro BM produces cathode materials, EcoPro Innovation processes lithium and EcoPro AP […]
Revenue of Hungary's Wallis Group rose 27% to HUF 912 billion in 2025, the company said on Tuesday. Foreign markets generated a little over 60% of turnover. Turnover at WING Group, the largest portfolio company of Wallis Group, rose by 53% to HUF 304 billion in 2025, while its EBITDA reached HUF 64 billion. The […]
István Szászi, head of the Bosch Group in Hungary and the Adria Region, received the 2025 Manager of the Year Award, while Sándor Csányi, chairman of OTP Bank, was honored with the 2025 Manager of the Year Lifetime Achievement Award, the National Association of Managers announced to MTI on Monday. The Managers’ Association held the […]
Logistics company STI Hungary has acquired a division of Hungary's Complex 3H that has developed a thermal system for maintaining temperatures of pharmaceutical shipments without an external power source for up to seven days, MTI reports. In a statement, STI Hungary managing director Péter Csipes said the technology could be used for shipments of biotechnology […]
First-quarter revenue from premiums of Hungarian insurers inched up 0.5% year-on-year to HUF 572 billion, data released by the National Bank of Hungary (MNB), and reviewed by MTI, show. Revenue from premiums on life insurance policies decreased 8.5% to HUF 212 billion. Revenue from premiums on general insurance policies climbed 6.7% to HUF 360 billion. […]
The Boston Consulting Group (BCG), one of the world’s leading management consulting firms, has announced the appointment of Zsófia Beck, Managing Director and Partner at the Budapest office and also the head of the Energy Practice Area in Central and Eastern Europe, as the Global Lead of BCG’s Integrated Power Segment. According to a BCG […]
Romanian parcel delivery company Sameday will withdraw from Hungary after its planned merger with Express One, a subsidiary of Austrian Post, failed to receive the license for foreign direct investments, the company's PR department said on Friday, MTI reports. In their announcement, they noted that Sameday had earlier this year signed an agreement to sell […]
ABZ Innovation is investing HUF 2.7 billion in Szentendre, north of Budapest, to create a manufacturing center for drones used for civilian purposes. Máté Keczer, the executive director of ABZ Drone, which is the distributor for drones manufactured by ABZ innovation, said they mainly deal with agricultural and industrial drones. The executive director added that […]
German car maker BMW will probably add shifts at its new factory in Hungary to meet "enormous demand", the head of BMW Group Plant Debrecen has said at an international press conference, MTI reports. Hans-Peter Kemser said the plant was operating with two shifts at present, turning out 30 cars an hour. He added that […]
GLS Hungary’s nationwide network expansion has reached another important milestone: the company has put its 3,000th parcel locker into operation in the southeastern Hungarian city of Szeged. The company says this development clearly illustrates the rapid transformation of the domestic parcel logistics market and the strategic direction in which GLS is continuously expanding the number […]
The Budapest Stock Exchange (BSE) closed the month of May with balanced trading activity; spot stock market turnover amounted to HUF 511.6 billion, representing a daily average trading volume of HUF 26.9 billion, the BSE told MTI. Turnover declined compared to April: in the previous month, the market picked up significantly following the April 12 […]
After-tax profit of Zwack Unicum, Hungary's biggest spirits maker, rose 6% to HUF 3.2 billion in its business year ended March 31, an earnings report published on Wednesday shows. As MTI notes, sales, net of excise tax and a DRS deposit fee for bottles, edged up 2% to HUF 24.4 billion. Sales of premium products […]
The Hungarian oil and gas company MOL Plc. notified the capital markets Friday evening on the website of the Budapest Stock Exchange that it received an official license from the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”) to continue negotiations on the purchase of a majority shareholding of Naftna […]
First-quarter after-tax profit of listed real estate broker DH Group climbed 55% year-on-year to HUF 0.9 billion, an earnings report released on the Budapest Stock Exchange and reviewed by MTI. Net sales revenue at DH Group (which includes Duna House in Hungary) increased 29% to HUF 12.9 billion. Domestic sales reached HUF 2.5 billion, while […]
The design software market is changing worldwide, and Graphisoft has restructured its sales system accordingly, executives from the company – which develops design software for architecture – said at a press conference in Budapest on Tuesday. Tamás Bayer, Graphisoft’s sales director, explained that by introducing direct sales, they can establish a direct relationship with their users and […]
