Corvin Innovation Campus, developed as an extension of the Corvin Promenade, has received the WELL Core Platinum certification. Futureal was the first in Hungary to commit to applying the WELL Building Standard, which ensures human-centric building design, and has added nearly 150,000 sqm of WELL-certified office space to the Hungarian market over the past four […]
Waberer's International Plc. has entered the passenger transport market after acquiring a 51% stake in Pannon-Busz-Rent Ltd, the international transport and logistics services company told MTI on Monday. According to the information, under the terms of the transaction announced in February and closed this Monday, the company has secured an option to acquire a further […]
The BYD brand's position in the Hungarian new car market is visibly strengthening, with outstanding results in the first four months of this year, and this could improve further as the year progresses with the intensive expansion of the dealer network, supported by a strong model range, according to the Chinese manufacturer's PR agency. BYD […]
Continest Technologies Plc. has established a new subsidiary. Continest Defence Lab for the development of container-based infrastructures designed for defense and humanitarian tasks, the company told MTI. The Defence Lab not only supplies equipment, but as a technology integrator it is able to integrate the developments of various industry players, universities and research institutes into […]
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 […]
