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 […]
Budapest-based pharmaceutical company Gedeon Richter Plc. has received positive opinion from CHMP for marketing authorization for Junod and Yaxwer, its biosimilar denosumab products for bone disease and osteoporosis. Budapest-based pharmaceutical company Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that it received a positive opinion from the Committee for Medicinal […]
Masterplast Plc. has stabilized its financial management in the 2024 financial year, primarily by reorganizing its operational processes, increasing production efficiency and making redundancies, the company’s CEO Tibor Dávid announced at the group's investor briefing on Thursday. Speaking at the event, held at the group's headquarters in Sárszentmihály, southwest of Budapest, the CEO said the […]
PannErgy Plc. will not pay a dividend this year, and the profit for 2024 will be transferred to the profit reserve, according to a resolution published on the website of the Budapest Stock Exchange (BSE) on Friday. The general meeting approved the 2024 parent company income statement with a profit after tax of HUF 148 […]
OTP closed the most successful year in its history in 2024, the bank achieved outstanding profitability, its capital position is extremely stable, and it is the market leader in the region, the bank's CEO, Sándor Csányi said at the annual general meeting of the company in Budapest on Friday. He stated that OTP had acquired […]
MBH Bank held its Annual General Meeting, at which shareholders approved the individual and consolidated financial statements of the bank prepared in accordance with International Financial Reporting Standards, as applicable for 2024 and voted on the other items on the agenda, the bank has announced. The report says the company's year 2024 was in line […]
Despite geopolitical tensions, weak global growth and changes in the regulatory environment, the Mol Group closed the 2024 financial year with a stable result, meeting its financial targets, the Group's CEO, Zsolt Hernádi said at the company's annual general meeting in Budapest on Thursday. Zsolt Hernádi noted that despite the decline in the financial result, […]
In 53% of the job advertisements posted since January last year, employers expect some language skills, while in the case of intellectual jobs the proportion is even higher, at 68%, Profession.hu reported on Tuesday with MTI, based on its recent analysis. According to the job portal's survey, companies still expect English to be the language […]
Despite the economic difficulties, the economic indicators of Hungary's BioTechUSA Group improved last year, with the turnover of one of Europe's largest manufacturers and distributors of dietary supplements rising to HUF 93.7 billion, the company told MTI on Thursday. It said the wholly domestically owned group increased its turnover by 3.5%, while its EBITDA rose […]
Ganz Transformers and Electric Rotating Machines Ltd. closed the 2024 business year with an outstanding result, its net sales more than doubled compared to last year, and its profit after tax increased almost fourfold, the company told MTI on Thursday. According to a statement, the net sales of the company, which has been 100% Hungarian-owned […]
The toy market is also boosted by Easter, with families with young children usually buying between HUF 5,000 and HUF 10,000, REGIO Toytrade Ltd. told MTI on Wednesday. According to their survey, 69% of parents buy toys on the eve of the first family holiday of the year, with only sweets being more popular at […]
PannErgy sold 670,000 gigajoules (GJ) of heat in the first quarter, 2.6% ahead of plan and 3.8% ahead of last year's first quarter, the company said in a production report published on the Budapest Stock Exchange (BSE) website on Wednesday. A summary by MTI says the geothermal system in Miskolc sold a record 328,000 GJ […]
According to preliminary data, the net sales of DEKRA Group's Hungarian subsidiaries last year amounted to HUF 11 billion and the profit after tax was HUF 230 million, while this year's sales are expected to increase by 4-5%, the company said at a press conference in Budapest on Tuesday. The export turnover of the group's […]
