Magyar Telekom , the leading Hungarian telecommunications service provider, has announced on the website of the Budapest Stock Exchange that it has reached an agreement with the trade unions on the amount of the 2025 one-off compensation, the level of 2026 pay increase, other compensations and the efficiency measures at Magyar Telekom Plc. and Telekom […]
After-tax profit of listed alternative energy company ALTEO fell 68% year-on-year to HUF 2.7 billion on higher costs, an earnings report released on Monday shows. Revenue rose 16% to HUF 86.8 billion. Material costs increased 28% to HUF 61.2 billion and payroll costs climbed 55% to HUF 11.8 billion. Diluted earnings per share came to […]
Net income of listed car seller AutoWallis dropped 24% year-on-year to HUF 3.6 billion in Q1-Q3, an earnings report published on Monday shows. Revenue rose 21% to HUF 353.2 billion. Revenue of the wholesale division edged up 4% to HUF 168.5 billion, while revenue of the retail business climbed 43% to HUF 177.0 billion. Operating […]
The discount airline closed the peak travel season from April to September with strong performance, implementing a targeted strategic shift to reduce business risks and put itself on a path to profitable growth. Wizz Air carried 36.5 million passengers in the first half of its financial year (April-September), up 9.8% from the same period last […]
Business association VOSZ (Confederation of Hungarian Business) announced this Friday the launch of a program to promote links between multinationals and local SMEs. VOSZ's MutliMentor Program involves a screening element to ensure suitability, a mentoring scheme to help potential suppliers meet certification and financial requirements for supplying multinationals, and a networking component. VOSZ will match […]
Capacity expansion, research and development, and employee training are all part of a nearly EUR 200 million investment program that the American consumer goods giant is launching at its Gyöngyös and Csömör sites, both east of Budapest. A quater of the investment costs will be covered by Hungarian taxpayers through a government decision to provide […]
Third-quarter net income of Magyar Telekom rose 24% year-on-year to HUF 55.3 billion, supported by a wider margin and the rollback of a supplementary telecommunications tax, as shown by an earnings report released on Wednesday and summarized by MTI. Revenue edged down 1% to HUF 242.9 billion. Direct costs fell 6% to HUF 89.0 billion, […]
Three Hungarian companies are among the top ten in a regional ranking based on revenue according to a study by trade credit risk management company Coface. Oil and gas company MOL is in fourth place in the Coface CEE Top 500 ranking, state-owned energy company MVM is in eighth and Audi Hungaria is in tenth […]
Mercedes-Benz is launching a research and development (R&D) project in Kecskemét, marking the first time the premium German car manufacturer has chosen Hungary for one of its highest value-added investments. The EUR 54.4 million project - about a quarter of which is covered by Hungarian taxpayers through a government decision to provide state support - […]
Bakery and confectionery products maker Ceres Bakery plans to build a HUF 24 billion bread plant in an industrial park in Tata (NW Hungary), the company's business director, István Mikos told MTI. István Mikos said the 14,000sqm plant would be built with the financial backing of Czech parent Agrofert Group. By 2027, the plant could […]
The Budapest Stock Exchange launched the tenth annual edition of the "BSE - Fifty Prosperous Hungarian Companies" publication at an event this Wednesday as Hungary’s business community once again came together to celebrate the most inspiring mid-sized companies. At the anniversary event, Tibor Tóth, CEO of the Budapest Stock Exchange, proudly presented the latest edition, […]
Hungary's largest car importer, Porsche Hungaria on Monday laid the cornerstone of a EUR 20 million expansion of its parts and logistics base Parts Center in Budaörs, just west of Budapest. The expansion is scheduled to be completed by 2027. It will involve construction of a 11,500 square-meter warehouse, increasing warehousing capacity of the base […]
Vajda-Papír Group, Hungary's leading manufacturer of hygiene paper, is acquiring Sofidel Hungary's household paper business, the group announced on the Budapest Stock Exchange (BSE) website on Monday. Vajda-Papír announced that on November 7, 2025, it signed a purchase agreement with Sofidel Hungary Ltd. to acquire Sofidel's Hungarian household paper processing business, subject to certain conditions […]
Magna Body & Chassis Ltd., the Hungarian subsidiary of Magna International Inc. — a leading global player in mobility technologies — officially launched production at its new, state-of-the-art facility in Vecsés on November 7, 2025. The plant will initially create 240 new jobs, later increasing that number to 300 and boost the local economic activity, […]
Hungarian energy services provider ALTEO Plc. has celebrated its 15th anniversary on the Budapest Stock Exchange (BSE). The company has a portfolio covering almost the entire value chain of the electricity industry and is also a major player in the domestic circular economy. ALTEO's operations are characterized by a commitment to sustainability and value creation, […]
