Business - Diplomacy & Trade https://dteurope.com Monthly in print | Daily on the web Wed, 06 May 2026 18:48:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://dteurope.com/wp-content/uploads/cropped-dt_favicon-32x32.png Business - Diplomacy & Trade https://dteurope.com 32 32 New Head at Mercedes-Benz Manufacturing Hungary https://dteurope.com/business/new-head-at-mercedes-benz-manufacturing-hungary/ Wed, 06 May 2026 09:27:00 +0000 https://dteurope.com/?p=79478 Christian Dickert has been appointed CEO of Mercedes-Benz Manufacturing Hungary and head of production at the German car maker's plant in Kecskemét from May 1, the company's local unit said on Wednesday. A mechanical engineer by training, he has been with Mercedes-Benz since 2011. Over the course of his career, he has gained extensive management […]

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]]> Pick Szeged Revenues Up, Net Income Down in 2025 https://dteurope.com/business/pick-szeged-revenues-up-net-income-down-in-2025/ Mon, 04 May 2026 16:44:00 +0000 https://dteurope.com/?p=79445 Meat processing company Pick Szeged Plc.’s revenue increased, while its net profit decreased in 2025 compared to the previous year, the meat processing company announced in its annual report published on the Budapest Stock Exchange (BSE) website. The company’s net revenue rose from HUF 85.2 billion to HUF 86.2 billion, while its net profit after […]

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]]> Eco-Conscious Innovation Firm to Expand Dynamically https://dteurope.com/business/eco-conscious-innovation-company-to-expand-dynamically/ Sun, 03 May 2026 13:49:00 +0000 https://dteurope.com/?p=79421 Following its success in the hospitality industry, Bibo Franchise Ltd. aims to strengthen its position in the consumer market with its bio-based and chemical-free products that support sustainable operations; the innovative company has already taken its first steps toward international expansion. The 100% Hungarian-owned company was founded 15 years ago by András Juhász who is […]

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]]> EU Support for Hungarian Space Industry Technology Firm https://dteurope.com/business/eu-support-for-hungarian-space-industry-technology-firm/ Sat, 02 May 2026 07:38:00 +0000 https://dteurope.com/?p=79413 Admatis Research, Manufacturing and Trading Ltd., based in Miskolc, NE Hungary, has secured EUR 105 million in EU funding to further develop its specialized heat treatment technology, one of the company’s core competencies, Tamás Bárczy, the company’s founder, owner, and managing director, told MTI. According to his statement, the non-repayable grant will also be used […]

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]]> 4iG Group: Stronger Market Positions Across All Divisions https://dteurope.com/business/4ig-group-stronger-market-positions-across-all-divisions/ Sat, 02 May 2026 07:34:00 +0000 https://dteurope.com/?p=79404 4iG Plc. and its subsidiaries (“4iG Group”) continued its growth trajectory in 2025, successfully completing its Transformation Program, and focused on consolidating operations within the new structure and leveraging synergies. The executive summary report published on the website of the Budapest Stock Exchange says that following the Transformation Program completed in October 2025, the Group […]

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]]> MOL to Acquire O+GD Central Upstream Assets in Hungary https://dteurope.com/business/mol-to-acquire-ogd-central-upstream-assets-in-hungary/ Thu, 30 Apr 2026 14:53:00 +0000 https://dteurope.com/?p=79368 Hungarian oil and gas company MOL on Thursday said it signed an agreement to acquire hydrocarbon concessions in Hungary from O+GD Central Ltd. Under the sale and purchase agreement, MOL will acquire O+GD's 51% stake in concessions in Mogyoród, Nagykáta and Ócsa, all in central Hungary. The deal also includes a range of other assets […]

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]]> Graphisoft Park Shareholders Approve 2025 Dividend https://dteurope.com/business/graphisoft-park-shareholders-approve-2025-dividend/ Thu, 30 Apr 2026 12:10:00 +0000 https://dteurope.com/?p=79371 Shareholders of Graphisoft Park, which owns and operates a business park in the north of the capital, approved a 1.83-per-share dividend on 2025 earnings at an annual general meeting, the AGM resolutions show. The dividend includes EUR 0.84 from earnings on regular and recurring activities and EUR 0.99 from one-off revenue. Graphisoft Park reported after-tax […]

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]]> AutoWallis Profits Put into Retained Earnings https://dteurope.com/business/autowallis-profits-put-into-retained-earnings/ Wed, 29 Apr 2026 17:30:00 +0000 https://dteurope.com/?p=79356 Shareholders of listed car seller AutoWallis voted at an annual general meeting to put all of last year's profit into retained earnings, the company said on the Budapest Stock Exchange on Wednesday. It means that in addition to its existing resources, the AutoWallis Group may also allocate its after-tax profit of nearly HUF 5 billion […]

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]]> Hell Energy Sales Climb 11% https://dteurope.com/business/hell-energy-sales-climb-11/ Wed, 29 Apr 2026 07:11:00 +0000 https://dteurope.com/?p=79353 Consolidated net sales revenue of Hungarian soft drink maker Hell Energy rose 11% in 2025 to HUF 218.3 billion, an earnings report posted on the website of the Budapest Stock Exchange, where the company's corporate bonds are listed, shows. Energy drinks contributed the most to the growth in sales over the past five years, while […]

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]]> Stock Exchange Earnings Rose Significantly Last Year https://dteurope.com/business/stock-exchange-earnings-rose-significantly-last-year/ Tue, 28 Apr 2026 11:02:56 +0000 https://dteurope.com/?p=79320 The Budapest Stock Exchange (BSE) generated total revenue of HUF 4.338 billion last year, 16% more than a year earlier; EBITDA rose by 22% to HUF 1.680 billion, while net profit, including the contribution from the KELER Group, increased by 65% to HUF 9.635 billion. The company will pay a dividend of HUF 60 per […]

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]]> EC Clears Hungarian State Aid for Hankook Expansion https://dteurope.com/business/ec-clears-hungarian-state-aid-for-hankook-expansion/ Mon, 27 Apr 2026 12:23:00 +0000 https://dteurope.com/?p=79316 The European Commission has approved EUR 71.6 million (HUF 28 billion) in aid from the state of Hungary for the expansion of South Korean tire maker Hankook Tire & Technology Co. Ltd.'s plant in Rácalmás (C Hungary), the European Union's executive body said. The EC statement highlights that this measure will support Hankook in setting […]

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]]> Appeninn Will Not Pay Dividends https://dteurope.com/business/appeninn-will-not-pay-dividends/ Sun, 26 Apr 2026 08:36:00 +0000 https://dteurope.com/?p=79292 Appeninn Holding Asset Management Plc. will not pay dividends after 2025, according to a decision by its general meeting, the company announced on the Budapest Stock Exchange’s website. Based on its standalone financial statements prepared in accordance with International Financial Reporting Standards (IFRS) and approved at the general meeting, the real estate investment and asset […]

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]]> Delta Group Acquires Majority Stake in UpScale HOLDING https://dteurope.com/business/delta-group-acquires-majority-stake-in-upscale-holding/ Fri, 24 Apr 2026 09:10:00 +0000 https://dteurope.com/?p=79263 Delta Group is acquiring a 51% stake in asset management company UpScale HOLDING, pending on the fulfillment of closing conditions, the listed IT company said in a statement. Delta pointed out that the transaction will gave it an indirect controlling stake in UpScale IT Informatikai Szolgáltató, an IT services company, and UpScale Labs. Delta Group […]

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]]> ViVeTech Turnover Climbs 66% in 2025 https://dteurope.com/business/vivetech-turnover-climbs-66-in-2025/ Wed, 22 Apr 2026 17:09:08 +0000 https://dteurope.com/?p=79201 Revenue of Hungarian IT consulting and security company ViVeTech rose 66% to HUF 2.3 billion in 2025, an earnings report published ahead of an annual general meeting shows. At the same time, the cybersecurity company achieved an EBITDA of HUF 598 million in 2025, a 177% increase from the HUF 216 million recorded in 2024. […]

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]]> Five-Year Development Program at Master Good https://dteurope.com/business/five-year-development-program-at-master-good/ Wed, 22 Apr 2026 11:57:00 +0000 https://dteurope.com/?p=79207 A new era is beginning at the Master Good Group: the move to the new meat processing plant in Sárvár will begin at the end of the summer, while the company is preparing a five-year investment program worth over HUF 350 billion. The development package includes a new slaughterhouse, a breading plant, a by-product processing […]

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