The Netherlands-Hungarian Chamber of Commerce (DUTCHAM) has taken over the Presidency of the Permanent Commission of EU Member States in Hungary (EU Chambers) in the framework of a casual networking event of the EU Chambers at the Marriott Hotel Budapest. Since its establishment in 1994, the EU Chambers has been dedicated to enhancing the legal, […]
The total value of corporate mergers and acquisitions (M&A) in Hungary rose to a record high last year, with 110 transactions worth an estimated USD 9 billion. The number of deals was virtually stagnant compared to the previous year, but their estimated total value set a record with an increase of almost 40 percentage points […]
Vehicle trading company and mobility service provider AutoWallis Group's revenue exceeded HUF 398.4 billion las year, which is HUF 32.2 billion (or 8.8%) higher than the revenue for the previous year, the Group announced on the website of the Budapest Stock Exchange. The report says organic growth in the Group's revenue was 7%, which is […]
Continuing the trend of previous years, Gránit Bank achieved growth above the sector average in 2024. The balance sheet total increased 3.5 times more than the banking sector average, and grew 229 times in 15 years, the Hungarian financial institution told MTI on Wednesday. Gránit Bank said in a statement that the bank and the […]
Real estate broker Duna House will pay a dividend of HUF 874.345 million, of which HUF 750 million will be paid on ordinary shares at HUF 21.81 per share and HUF 124.345 million on employee shares, the company announced on the website of the Budapest Stock Exchange (BSE) on Wednesday, following its annual general meeting. […]
ANY Security Printing PLC has been present on the Hungarian securities market for two decades. We are pleased to announce that the Company closed the 2024 financial year with favorable results. Our revenue exceeded HUF 70 billion, with the larger portion — similarly to 2023 — originating from international markets, the company said on the […]
The Mol Group and Turkish Petroleum have signed concession agreements with the Hungarian Ministry of Energy, allowing them to launch joint hydrocarbon exploration in two concession areas in Hungary, Tamási and Buzsák, Mol announced on Wednesday. The joint tender and exploration program is the first significant step since the two companies signed a strategic partnership […]
MVM Group's profit fell by 12% year-on-year to HUF 324 billion last year, the company, which is a dominant player on the electricity market in Hungary, told MTI on Wednesday. Turnover fell by almost the same amount to HUF 4,534 billion by the end of 2024. The decline was attributed to the impact of energy […]
Erste Bank Hungary Plc. (EBH) will pay a dividend of HUF 110 billion to its sole shareholder, the Austrian Erste Group Bank AG, after its 2024 financial year, the Erste Bank Hungary Plc. announced on the website of the Budapest Stock Exchange on Tuesday. According to the published written shareholder resolution – passed on April […]
Market Építő Plc.'s after-tax profit reached HUF 30.51 billion in 2024, an increase of more than HUF 9 billion compared to the same period last year, while the construction company's revenue decreased from HUF 321.69 billion in 2023 to HUF 307.43 billion in 2024, the construction company said on Tuesday on the Budapest Stock Exchange […]
Graphisoft Park that includes industrial and office facilities in Budapest produced in 2024 a pro forma net profit EUR 7.96 million, which – in line with its previous forecast – exceeds the exceptionally high result of the previous year – which is also due to one-off items – by approximately EUR 100,000, or 1%, the […]
Hungarian market leader sportswear brand Decathlon increased its sales by 6% to HUF 86.2 billion in 2024, while its profit after tax rose from HUF 3.7 billion to HUF 4 billion, the company told MTI on Monday. According to the statement, based on the renewed global brand identity, the brand's stores in Hungary also started […]
The Hungarian energy services firm Alteo Plc. will not pay any dividend this year, as the General Meeting of Shareholders has decided that last year's profit will be fully transferred to the profit reserve, the company announced on the website of the Budapest Stock Exchange (BSE) on Monday. The general meeting of Alteo Plc. last […]
BorsodChem Plc., based in Kazincbarcika, NE Hungary, is developing its own catalyst technology and laboratory with almost HUF 1.3 billion, the company told MTI. According to the information, the aim of the project is to provide the company with a competitive advantage in the market by reducing costs and increasing production efficiency. BorsodChem's development aims […]
Hungary continues to strengthen its position in the pharmaceutical industry as Singapore-based Hongene Biotech has announced the establishment of its first European manufacturing facility in Gödöllő, just east of Budapest. The nearly EUR 94 million greenfield investment will create 150 new jobs and contribute significantly to Hungary’s export performance, according to the Hungarian Investment Promotion […]
