Third-quarter net income of Hungarian oil and gas company MOL fell 15% year-on-year to HUF 94.8 billion as revenue dropped, an earnings report released ahead of the opening bell on Friday shows. Net sales declined 8% to HUF 2,268 billion. Operating profit slipped 7% to HUF 163.0 billion. MOL noted that EBITDA, at current cost […]
Third-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, rose 4% year-on-year to HUF 330.5 billion, an earnings report published ahead of the opening bell on Friday shows. Net interest income increased 10% to HUF 489.0 billion. Net revenue from commissions and fees climbed 11% to HUF 152.7 billion. For the period Q1-Q3, after-tax […]
The global financial technology company Revolut has officially opened a bank branch in Hungary, the news site telex.hu reports. Revolut Bank UAB has been listed in the Hungarian National Bank's institution finder as a cross-border credit provider entity since February 14, 2022 (after receiving an EU banking license in Lithuania). Now, however, Revolut Bank UAB's […]
Net income of Hungarian pharmaceutical company Gedeon Richter fell 7% year-on-year to HUF 163.3bn in Q1-Q3, dropping on a financial loss, an earnings report posted ahead of the opening bell on Thursday shows. Revenue rose 7% to HUF 680.2 billion and operating profit climbed 8% to HUF 204.5 billion. A net financial loss of HUF […]
OTP Bank, Hungary's biggest commercial lender, celebrated the 30th anniversary of its listing on the Budapest Stock Exchange at an event on Wednesday. OTP chairman Sándor Csányi said the success of the lender and of the bourse were "inseparable", noting that OTP accounted for around 60% of share turnover, making it one of the most […]
Zwack Unicum Plc., the biggest player in Hungary’s spirit market, had total gross sales of HUF 18.993 million in the first half of the 2025–2026 business year – a year-on-year increase of HUF 759 million (4.2%). Net sales (that is, sales revenues minus excise tax and revenue from the Deposit Return System’s deposit fee) were […]
Serbia-based hygiene paper manufacturer Drenik Group has announced a new investment project in Szolnok, involving the expansion of its existing plant and the construction of a biomass power plant supported by the Factory Rescue Program. With this decision, the company, operating in Hungary for a decade, will increase its total investment value to EUR 110 […]
Starting this Monday, Richárd Végh, former president and CEO of the Budapest Stock Exchange (BSE), takes up the position of CEO at the financial services company KAVOSZ Plc., the organization announced to MTI on Monday. According to the announcement, Richárd Végh's tasks will include further digitizing the company's operations, expanding financial service provider partnerships, and […]
The Austrian Erste Group's revenues increased, but its net profit rose only slightly in the first three quarters due to higher bank levies, the bank told MTI on Friday. The Erste Group performed well in the first nine months of 2025. Despite falling interest rates in its primary markets, net interest income rose by 3% […]
The SPP Group's after-tax profit for the first nine months of 2025 was EUR 31.3 million, EUR 15.2 million higher than in the first nine months of 2024. In the first quarter of 2025, the Slovakian properties added to the portfolio contributed EUR 13.7 million to the result, accounting for the majority of the increase, […]
Cable maker Fux inaugurated a HUF 2 billion production hall at its base in Miskolc (NE Hungary) on Thursday. Hungarian taxpayers covered 10% of the costs as the government provided HUF 200 million of non-refundable funding to the project through the Demján Sándor Program matching support scheme. At the inauguration ceremony, National Economy Minister Márton […]
Masterplast Group, the largest Hungarian-owned building materials manufacturing company in the Central European region, published its Q3 quarterly report on the website of the Budapest Stock Exchange. The report states that during the summer months, the construction market was characterised by subdued activity, similar to previous periods, followed by a marked recovery in September. The […]
Real estate developer WING and Accent Hotel Management have signed a strategic agreement to efficiently operate joint hotel projects in Hungary, the companies told MTI. They note that the cooperation between the two companies is not new: WING and Accent's first joint hotel project was the Best Western Plus Lakeside Hotel in Székesfehérvár, which opened […]
The cornerstone was laid for a HUF 800m expansion of an industrial park in Bonyhád (SW Hungary) this Wednesday. The businesses operating in the Völgység (Valley) Industrial Park employ over a thousand people and plan to expand their businesses, In the Völgység Industrial Park, infrastructure developments are being carried out with the support of HUF […]
MOL Plc. has notified market participants on the website of the Budapest Stock Exchange that MOL Group’s Board of Directors and Supervisory Board decided to initiate the reorganization of the Group by switching to a Holding structure and at the same time also decided to convene an Extraordinary General Meeting for 27 November 2025. The […]
