The after-tax results of AKKO Invest, listed on the Prime Market of the Budapest Stock Exchange (BSE), were primarily burdened by one-off items, while the company’s revenue, at close to HUF 20 billion, remained at the level of last year’s first half, and its EBITDA, reflecting its business results, remained at a level of almost […]
Premiums of the insurance sector will likely exceed HUF 2,000 billion this year, Koppány Nagy, the National Bank of Hungary’s (MNB) director for insurance, said at conference of the the Hungarian Association of Independent Insurance Brokers (FBAMSZ) in Esztergom (N Hungary) on Tuesday. Premiums in the first half of the year reached HUF 1,047 billion, […]
Danish toy maker LEGO opened a HUF 54 billion expansion at its manufacturing base in Nyíregyháza (NE Hungary) on Tuesday. The investment, which expanded packaging and manufacturing capacity and created 300 jobs, was supported with a HUF 4.3 billion government grant. The base in Nyíregyháza is now the world's second biggest LEGO plant and the […]
Net sales revenue increased by nearly HUF 500 million, or 9%, to HUF 5.2 billion, indicating moderate but stable growth, the international IT service provider Gloster Digital Group has said in a statement on the website of the Budapest Stock Exchange. EBITDA decreased from HUF 519 million to HUF 484 million, representing a 7% decline. […]
Gedeon Richter Plc. and Hikma Pharmaceuticals Plc. along with its wholly owned subsidiary Hikma Pharmaceuticals USA Inc. (“Hikma”) announcee this Monday that the U.S. Food and Drug Administration (FDA) has granted approval for the Biologics License Applications (BLA) of their biosimilar denosumab products, EnobyTM (denosumab-qbde) and XtrenboTM (denosumabqbde), referencing Prolia® and Xgeva®, respectively. Denosumab is […]
Zwack Unicum Nyrt. has expanded its team with a new leader. Beáta Harcsa will now fill the position of Marketing Director, bringing more than twenty years of domestic and regional FMCG experience to the company. Starting in September 2025, her job will be to support Zwack's iconic brands and develop forward-looking marketing strategies. Beáta Harcsa […]
Strabag has opened an asphalt mixing plant in Orosháza, Békés County, with the brownfield investment costing more than HUF 950 million, the company said in a statement to MTI on Tuesday. The original plant opened in 1998 but was closed following the 2008 world economic crisis. The new asphalt plant and service units, such as […]
PwC Hungary and Budapest University of Economics and Business (BGE) have signed a strategic agreement, confirming the decades-long cooperation between the two partners, the university informed MTI on Monday. The cooperation covers several areas, such as professional courses, corporate internships, job fairs, and career counseling. PwC experts are actively involved in theoretical and practical education, […]
Masterplast Plc. has informed investors on the website of the Budapest Stock Exchange that its subsidiary, Masterplast Hungária Ltd. concluded a contract on September 19 with the energy trade firm MVM Next Energiakereskedelmi Plc. with a term of more than 10 years on "the transfer of certified energy savings under a framework agreement”. Under the […]
In H1 2025, the PannErgy Group focused mainly on the successful commissioning of the third production well of the Miskolc Geothermal Project. Primarily due to this successful integration, PannErgy achieved record heat input in Q1 2025, exceeding both base quarter heat sales and the target for the period, the company has reported on the website […]
Singapore-based advanced materials manufacturer Vulcan Shield Global (VSG) is set to start a series of high-tech investments in the southeastern Hungarian city of Békéscsaba, according to a statement by the Hungarian Investment Promotion Agency (HIPA). The specialist of extreme heat-resistant advanced alumina fibre products will implement three large-scale investments in the capital of Békés County, […]
Debrecen-based Sz. Variáns Ltd., which has been manufacturing high added-value, premium boxes, printed products and paper-based packaging materials since 1994, has multiplied its turnover and increased its profitability by more than 60% over the past decade, the company announced in a press release. The dynamically developing Hungarian family business, which now employs 75 people and […]
Budapest-based real estate investment and asset management company Indotek Group announced today that it has purchased a EUR 43.5 million portfolio of 524 residential and commercial properties in Spain. The deal was structured as a transaction involving both non-performing loans (NPLs) and real estate. The acquisition is a strategic milestone in Indotek's expansion in Iberia […]
The industrial property developer HelloParks, member of Futureal Group, is celebrating the fifth anniversary of its founding and will complete the development of more than 500,000 sqm of warehouse space in the Budapest metropolitan area this year. The founders recognised the opportunity in the growing demand for modern and green industrial facilities during the pandemic […]
U.S.-based Support Services Group (SSG) expands its presence in Hungary with a new operation that further strengthens the country’s well developed Business Services Center (BSC) sector, according to the Hungarian Investment Promotion Agency. The multilingual customer support office is being set up in Szekszárd, nestled in southern Hungary. Implemented with the support of HIPA, the […]
