The construction industry is not expected to see a rapid rebound next year, but rather a slow, gradual recovery, driven primarily by residential renovations, energy efficiency programs, and preferential loans, the local unit of Italian building materials maker Mapei said in a report. Managing director Béla Markovich said the Home Start subsidized credit scheme for […]
The Hungarian oil and gas company MOL Plc. entered into a sale and purchase agreement this Thursday to acquire Polsolar Ltd., holding five fully operational solar farms near Mezőcsát in Eastern Hungary, MOL said in a statement on the website of the Budapest Stock Exchange. The five solar farms have a combined capacity of 304 […]
Swiss-owned building materials maker Swiss Krono is investing HUF 20 billion in a capacity expansion at its base in Vásárosnamény (NE Hungary), MTI reported on Tuesday. Hungarian taxpayers cover 15% of the investment through a government decision of a HUF 3 billion grant to support the project, which is expected to raise headcount to 200. […]
Hungary's Continest, which makes foldable containers that can be used as temporary accommodations, offices, first aid stations and for other purposes, inaugurated a HUF 50 million painting facility at its base in Székesfehérvár, southwest of Budapest, on Tuesday. Continest is supplying containers for Sweden's civil defense forces, NATO as well as the 2026 Winter Olympic […]
Leapmotor's network in Hungary is expanding rapidly, with 10 dealerships and service centers already dealing with the Chinese car brand since its market entry was announced in June this year. The goal is to achieve nationwide coverage, according to Emil Frey Hungary, which is responsible for importing the vehicles. Leapmotor has registered nearly 80 cars […]
Around 60% of construction industry companies in Hungary expect to close 2025 with falling revenue, according to a survey by the National Association of Construction Contractors (ÉVOSZ), reported by MTI. The survey results, presented on Friday, show 27.5% of companies anticipate higher revenue for the full year and 12.5% see turnover stagnating. Around 400 companies […]
The 30th anniversary of the listing of Hungarian oil and gas company MOL on the Budapest Stock Exchange was celebrated at the bourse on Friday. At a ceremony at the opening bell, Mihaly Varga, the governor of the National Bank of Hungary, the bourse's majority owner, acknowledged the contribution of Hungarian multinationals like MOL to […]
Revenue in Hungary of Danish home furnishings chain JYSK rose 16% to HUF 89 billion in the company's 2024/2025 business year, the company told MTI this Thursday. According to a recently published report, the EBIT (Earnings Before Interest and Taxes) of the Danish retail chain's Hungarian company exceeded HUF 23 billion, which is an increase […]
MVM Plc. will pay an interim dividend of HUF 131.5 billion to its sole shareholder by November 30, according to an announcement by MVM Energetika Plc. published on the Budapest Stock Exchange website. According to the announcement, MVM Plc. decided on the payment in view of its first-half performance and stable financial position. Based on […]
Rába Automotive Holding Plc.'s taxable profit rose to HUF 6.346 billion in the first nine months of this year from HUF 31.730 million in the previous year, while sales revenue increased by 5.7% to HUF 40.660 billion in the same period , the Győr-based vehicle manufacturer announced on Wednesday on the website of the Budapest […]
Shopper Park Plus, which owns a portfolio of retail properties in Hungary, the Czech Republic and Slovakia, has announced the successful close, on Monday, of a share issue that raised a little over EUR 100 million. In an announcement on Tuesday, Shopper Park Plus said 9,300,000 shares were subscribed at a price of EUR 10.80 […]
Dreher Breweries is ploughing HUF 30 billion into its base in the capital to boost efficiency, the company told MTI on Tuesday. Dreher is building a fermentation plant and a new energy center in the first phase of a HUF 100 billion investment project. Phase one is expected to finish by the end of 2026. […]
Automotive industry supplier Flex inaugurated a HUF 35 billion plant of 10,000 square meters in Zalaegerszeg, SW Hungary on Tuesday. The Flex Zala Automotive Next Gen Mobility plant, which created 210 jobs, is expected to advance the search for solutions to the biggest challenges ahead of the automotive industry. Hungarian taxpayers contributed to the investment […]
The revenue of ANY Security Printing Company for the first three quarters of 2025 is HUF 55,2 billion, of which 61% is generated from international markets, the company said in its quarterly report on the website of the Budapest Stock Exchange. 53% of the total revenue, HUF 29,2 billion was generated from the sales of […]
Hungarian cosmetics and cleaning products company Caola inaugurated a technology upgrade at its base in Martonvásár, near the capital, on Monday, MTI reports. With support from the Sándor Demján program created to support SME investments, Caola has purchased a packaging machine used in body powder production and a power storage system and a process control […]
