Long-term loans remain unpopular among executives of large corporates, driven by the hectic changes in the domestic and especially the international economic situation. A growing proportion of those who use loans to realize their investments are considering leasing structures, according to a representative survey by K&H, the findings of which were published in a statement […]
Zwack Unicum Plc. achieved gross sales of HUF 38.788 billion in the 2024/2025 financial year between April 1, 2024 and March 31, 2025, which is HUF 1.850 billion, 5% higher than in the previous financial year, while its annual result increased by 2.9% to HUF 2.9 billion, the company announced on the website of the […]
According to PwC's latest research, AI (artificial intelligence) could add one percentage point per year to the economy's growth rate over the next decade, comparable to the growth rate of the world's industrialization in the 19th century. Cross-sector transformations and leveraging the business value of AI are the focus of Value in Motion, which also […]
MBH Bank closed the first quarter with a stable high profitability: its total assets grew by almost 8.8% year-on-year to more than HUF 12,824 billion, the adjusted pre-tax profit of the banking group amounted to HUF 67.9 billion, and its adjusted return on equity reached 20.5%, the company told MTI on Wednesday. They added that […]
Hungarian budget airline Wizz Air has announced in a press release the delivery of its first-ever Airbus A321XLR, marking a historic milestone for the airline as the world’s first Ultra Low-Cost Carrier (ULCC) to offer extended range intercontinental flying with the new aircraft. According to the statement, this cutting-edge aircraft, the latest evolution in Airbus’ […]
PowerPak Ltd., a company engaged in the mixing and packaging of cosmetic, care and chemical household products, has built a new plant and warehouse in Göd, just north of Budapest, with HUF 5 billion, the company told MTI. According to the statement, the development will enable the company to serve the growing needs of its […]
Despite a volatile macroeconomic environment, AutoWallis Group increased its revenue by more than 20% to reach HUF 107 billion in the first quarter while the company’s EBITDA dropped to HUF 3.3 billion, primarily because of the unfavorable operating environment. This record revenue was primarily driven by recent acquisitions and business development initiatives, the company says […]
The Japanese company has set up a carboxymethyl cellulose processing plant on its 43,000-square-meter site in Vácrátót, north of Budapest. The environmentally friendly product produced here is used as a binder for electric vehicle batteries. The larger granules of the raw material, which are delivered to the Nippon Paper Chemicals Europe plant, are ground into […]
Tünde Bognár will take up the position of CEO of Graphisoft Park SE on July 1, following the retirement of János Kocsány, who has managed the company for 30 years, the company announced on the Budapest Stock Exchange (BSE) website on Tuesday. According to the announcement, Tünde Bognár joins the company from the portfolio management […]
The consolidated revenue of Gedeon Richter Plc. was HUF 224 billion in the first quarter, up 10% year-on-year, the pharmaceutical company announced on the website of the Budapest Stock Exchange (BSE) on Tuesday. The company posted a profit after tax of HUF 68.1 billion in the first quarter, similar to the previous year. According to […]
The pro forma net profit for the first quarter of 2025 at the Graphisoft Park office complex in Budapest is EUR 2.22 million, which is slightly higher by 4% than the same period of the previous year, the company has announced on the website of the Budapest Stock Exchange. According to the execuitve summary of […]
The Master Good Group started developing the technology and production line more than 10 years ago, which has enabled it to produce organ grindings. Construction of the new plant will start this year, so that by 2026 BioFer's products will be manufactured in a factory with an expanded capacity. The tripling of the current capacity […]
A solar park with a capacity of about 28.5 megawatts has started operation at the cement plant of Holcim Hungary Ltd. in Királyegyháza, S Hungary. The power plant, set up by ID Energy Group, is capable of providing almost a third of the electricity needed for production, the company told MTI. Holcim Hungary said in […]
The Shopper Park Plus Group's first quarter 2025 profit after tax was EUR 10.5 million, significantly higher than the profit of EUR 4.4 million in the same period of the previous year, the Group has announced on the website of the Budapest Stock Exchange. The profit was largely based on the revaluation gain on Slovakian […]
With the popularity of digital payment solutions, the use of cash continues to play a dominant role in everyday life, and in response to this demand MBH Bank will install ATMs at 55 Mol petrol stations, the companies' executives announced on Thursday at a handover ceremony at the Prielle Kornélia Street petrol station in Budapest's […]
