The net profit of the Budapest Stock Exchange (BSE) for the first quarter of 2025, which includes the BSE's share of the KELER Group's results, is HUF 1,31 billion, BSE announced on its website this Tuesday. The EBITDA value in the first quarter of 2025 was HUF 431 million, which is 28% higher than the […]
MOONCITY Budaörs has expanded its activities with an educational service related to electromobility, opening an Electromobility Test Center where practical and theoretical information about electric vehicles can be obtained so that private and corporate customers can determine whether the use of electric vehicles is efficient for them, Porsche Hungaria informed MTI. In their announcement, they […]
According to a statement from the Hungarian Ministry of Foreign Affairs and Trade, the South Korean company's investment of approximately HUF 22.5 billion is aimed at improving battery manufacturing processes. Hungarian taxpayers contributed HUF 5.5 billion to the project, helping to create a number of high value-added jobs requiring serious engineering skills. According to the […]
Delta Technologies Plc. and the owners of Robotizálunk Ltd. have signed a letter of intent regarding the purchase of a 51% stake in Robotizálunk Ltd. The acquisition offers growth opportunities for both companies, while also strengthening their professional competencies. The transaction, which fits closely with Delta's acquisition strategy, is expected to be followed by further […]
Magyar Suzuki Plc. stabilized its operations despite declining sales revenue, with the decline attributable to excess production in the base year, company executives said at a press conference in Budapest on Thursday. Magyar Suzuki Plc. CEO Masato Atsumi, emphasized that despite the difficulties, 2024 was more predictable than previous years, with both production and sales […]
The market value of the world's 100 largest companies increased by 7%, or a total of USD 2.8 trillion, as of March 31, 2025, according to PwC's latest report, Global Top 100 companies by market capitalization. However, the rate of growth slowed significantly compared to the previous year's 27% (USD 8.3 trillion). With this new […]
After many years of active presence, numerous successful installations and overcoming significant challenges, Continest Technologies Plc. based in Székesfehérvár, Hungary, a manufacturer and distributor of innovative folding containers, has reached another milestone in its expansion in the United Kingdom. Continest is pleased to announce that it has signed strategic cooperation agreements with two renowned, long-established […]
The Hungarian economy is once again strengthening in a strategic sector, with developments affecting the medical technology and pharmaceutical industries, according to István Joó, government commissioner and CEO of the Hungarian Investment Promotion Agency (HIPA), the agency informed MTI on Wednesday. He spoke at the groundbreaking ceremony for SCHOTT Hungary Ltd., which manufactures glass packaging […]
Following the signing of a Memorandum of Understanding with the State Oil Company of the Republic of Azerbaijan (SOCAR) last September to evaluate further potential cooperation opportunities in the area of hydrocarbon exploration in the Shamakhi-Gobustan region in Azerbaijan, the new agreement marks further progress in MOL’s strategic partnership with SOCAR. The agreement was signed […]
Hungarian fashion brand RETRO JEANS has signed a long-term lease agreement with HelloParks. The brand will establish its new central warehouse in the HelloParks AN1 facility in Alsónémedi (Budapest South), occupying 5,000 sqm. The site is the largest logistics and industrial hall developed so far by the Hungarian-owned industrial property developer and was built in […]
Chinese-owned Halms has once again chosen Hungary as the location for its latest strategic investment, according to the Hungarian Investment Promotion Agency (HIPA). Following the establishment of one of the country’s leading aluminum processing facilities in Debrecen, the company has announced the construction of a new automotive component manufacturing plant in Miskolc, NE Hungary. The […]
The real estate broker Duna House Group reached quarterly clean core EBITDA of HUF 1,281 million, 33% above the Q1 2024 level, and clean core profit after tax amounted to HUF 627 million, +19% year-on-year. 81% of EBITDA was generated by the financial intermediation segment and 64% outside of Hungary, the Group announced on the […]
The building insulation materials firm Masterplast’s revenue (EUR 136 million) declined by 6.2% compared to the 2023 base due to the persistently weak industry environment, despite the successful entry into the market for Certified Energy Savings (HEM), which generated significant additional sales, the company reported on the website of the Budapest Stock Exchange this Friday. […]
Mercedes-Benz Manufacturing Hungary Ltd.'s 2024 revenue was EUR 4.171 billion, down by more than EUR 904 million from 2023, while the automotive company's profit after tax fell to EUR 57.596 million last year from EUR 95.661 million a year earlier, the company said on Thursday on the Budapest Stock Exchange (BSE) website. According to a […]
Gorenje Magyarország Ltd. achieved net sales of HUF 41.4 billion and a taxable profit of HUF 302 million in 2024, increasing its sales by 10% compared to the previous year, said Norbert Füle, managing director, at the company's press conference in Budapest on Wednesday. The Hungarian division of the Slovenian Gorenje Group expects sales of […]
