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 […]
As of October 1, Gyula Marik will serve as chairman of the board of directors at Shell Hungary Plc. in addition to his existing position as regional procurement manager, the company announced to MTI on Monday. Gyula Marik began his career in finance at Shell in 2001 after graduating from the University of Szeged. Over […]
With an investment of nearly EUR 5.5 million, the Hungarian-owned Aero Space Power is establishing a new production hall in Kisvárda, NE Hungary. The company, engaged in metalworking, turbine and component production, and aerospace structure repair, is also expanding its portfolio with new activities at the site, the Hungarian Investment Promotion Agency reports. Aero Space […]
The MVM Group achieved consolidated sales revenue of HUF 2,015 billion in the first six months of this year, following HUF 2,156 billion in the first half of last year, and its after-tax profit was HUF 221.8 billion, compared to HUF 222.0 billion in the same period last year, the company announced on the Budapest […]
In the first half of 2025, Appeninn Group and its controlled subsidiaries retained a real estate portfolio focused on office and retail segments, that generated rental income of EUR 10.797 million and gross margin of EUR 7.170 million, and represented a gross margin ratio of 66.4%, increased from 62.2% last year, the Group has announced […]
Danish pump manufacturer giant Grundfos successfully complemented its latest research and development (R&D) project in Hungary, aimed at improving the efficiency of entire product families, the Hungarian Investment Promotion Agency (HIPA) reports. Implemented with the support of HIPA, the EUR 3.47 million investment created 40 new high value-added jobs at the company’s product development center […]
The net profit of the Budapest Stock Exchange (BSE) for the first half-year of 2025, which includes the BSE's share of the KELER Group's results, is HUF 2.67 billion, BSE reports on its website. The EBITDA value in the first half-year of 2025 was HUF 879 million, which is 31% higher than the value achieved […]
In an extraordinary announcement of 4iG Plc. published on the website of the Budaoest Stock Exchange on concluding non-binding Memorandums of Understanding and an Option Agreement, 4iG Public Limited Company (4iG) informs the participants of the capital market that on September 7, 2025 a non-binding Memorandum of Understanding (MoU) was signed between 4iG Space and […]
K&H Bank's after-tax profit fell to HUF 50.2 billion in the first half of the year, down from HUF 66.9 billion a year earlier, with government measures accounted for during the period reducing the financial institution's results by HUF 31 billion, the financial institution told MTI on Thursday. Peter Roebben, CEO of the K&H Group, […]
Having grown from a French family enterprise into a global food industry leader, Bonduelle has implemented capacity-expansion projects at three of its Hungarian sites. Developments carried out in Békéscsaba, Nyíregyháza, and Nagykőrös included the installation of new vegetable processing lines and the establishment of the company’s Central and Eastern European logistics hub, the Hungarian Investment […]
Starting October 1, 2025, Péter Hidvégi will take over as managing director of SAP Hungary and will report directly to the managing director of the Central European cluster, according to a statement by SAP Hungary. Péter Hidvégi has more than 20 years of experience in the technology and consulting industry, and his career has always […]
Indotek Group, a real estate, private equity investment and asset management company, has renovated another shopping center: this time, the group has completed the interior renovation of Balaton Plaza in Veszprém, the company told MTI on Monday. According to the announcement, the group owns more than 70 shopping centers and retail units in Hungary and […]
MBH Bank closed the first six months of this year in a solid financial position: its balance sheet total was HUF 12,452 billion at the end of the half-year, and thanks to active lending, the gross retail loan portfolio grew by 10% and the gross corporate loan portfolio by 5.1% compared to the same period […]
In the first half of 2025, the Hungarian machinery producer Rába Group's sales revenue amounted to HUF 28.8 billion, down by 8.2% compared to the sales revenue achieved a year earlier, the Group announced on the website of the Budapest Stock Exchange. The two largest subsidiaries contributed to the group-level sales revenue with a decline […]
Gránit Bank closed the first half of the year with an after-tax profit of HUF 10.6 billion, compared to HUF 8.4 billion a year earlier. The financial institution attributes its results to significant expansion in business activity, cost efficiency, the quality of its loan portfolio, and dividend income received, according to a flash report published […]
