Delta Group is acquiring a 51% stake in asset management company UpScale HOLDING, pending on the fulfillment of closing conditions, the listed IT company said in a statement. Delta pointed out that the transaction will gave it an indirect controlling stake in UpScale IT Informatikai Szolgáltató, an IT services company, and UpScale Labs. Delta Group […]
Revenue of Hungarian IT consulting and security company ViVeTech rose 66% to HUF 2.3 billion in 2025, an earnings report published ahead of an annual general meeting shows. At the same time, the cybersecurity company achieved an EBITDA of HUF 598 million in 2025, a 177% increase from the HUF 216 million recorded in 2024. […]
A new era is beginning at the Master Good Group: the move to the new meat processing plant in Sárvár will begin at the end of the summer, while the company is preparing a five-year investment program worth over HUF 350 billion. The development package includes a new slaughterhouse, a breading plant, a by-product processing […]
OTP Bank, Hungary's biggest commercial lender, strives for fair cooperation with the Tisza government, which is in the interest of both the Hungarian economy and businesses; the bank's activity will not decline in Hungary, chairman of the board, Sándor Csányi said at the bank's annual general assembly. OTP's management will soon hold consultations with the […]
At standalone level, Gránit Bank closed the year 2025 with HUF 21.4 billion in profit before tax and HUF 19.2 billion in profit after tax, the latter being so far the highest twelve-month result in the Banks’s history, according to the executive summary of the report őublished on the website of the Budapest Stock Exchange. […]
Listed car seller AutoWallis's vehicle sales edged down 2% year-on-year to 11,602 in the first quarter, falling on the performance of the wholesale division, a preliminary report released on Wednesday shows. Sales of the wholesale division dropped 6% to 7,676 as KGM, Renault and Dacia sales were impacted by competing Chinese brands, AutoWallis said. The […]
The financial services and real estate solutions provider DH Group Plc. started strongly again year 2026: both core segments exceeded the same period of the previous year, starting the year with near-record results, the Group said in a statement on the website of the Budapest Stock Exchange. Financial intermediation performed close to peak levels in […]
At MOL Group’s Annual General Meeting this week, shareholders approved the Board of Directors' report on the 2025 financial results and adopted the consolidated financial statements. The General Meeting decided to pay a dividend of HUF 241 billion, and re-elected Dr. Oszkár Világi and Dr. György Bacsa as members of the Board of Directors for […]
An investment worth EUR 8.19 million has been inaugurated at the Szirmabesenyő site of the 100% Hungarian-owned Ongropack Ltd., further strengthening the company’s market position in Hungary’s plastics industry. Ongropack Ltd. was founded in 1994 and is the only PVC sheet manufacturer in Central and Eastern Europe. With its foamed sheet products, Ongropack is at […]
OTP Group has been awarded Best Bank in Central & Eastern Europe by Global Finance in its 33rd annual Best Bank Awards, recognizing the Group’s outstanding regional performance, the Bank said in a statement on its website. In addition to the regional title, two OTP Group members earned top national distinctions: OTP Bank was recognized […]
Italian air handling solutions specialist Weger launches an investment in Hungary to expand production capacity, the Hungarian Investment Promotion Agency (HIPA) reports. The EUR 24.6 million project aims at the construction of a 10,000 square-meter production hall in Jászárokszállás (Central Hungary), equipped with advanced machinery, as well as automated and digitalized manufacturing solutions to improve […]
Hungarian Electraplan and German cable tray system specialist Niedax have announced a EUR 72.5 million joint investment in Hungary, the new facility will produce infrastructure components for Germany’s large-scale railway upgrade program. The plant in Vésztő, in south-eastern Hungary, will produce fiberglass-reinforced cable tray systems and covers. With a manufacturing capacity of 5,000 kilometers per […]
Specialized in metal processing, Iron-Tech has announced a nearly EUR 6.5 million capacity expansion and energy efficiency investment. The project will create six new jobs at the company’s Szigetvár site in S Hungary. The Polish-owned company, with decades of experience, is a well-established player in Hungary’s engineering industry, specializing in precision CNC machining. Employing nearly […]
The project by the Hungarian-owned company Rév-Bíró-Vart Metal Plc. in Mezőtúr, E Hungary, is expected to create 110 new jobs and to significantly contribute to the region’s competitiveness, according to a report by Hungarian Investment Promotion Agency (HIPA). Rév-Bíró-Vart Metal Plc. has several decades of industrial experience in metal component manufacturing, particularly in toolmaking, component […]
The inauguration of Scrub Daddy’s Hungarian investment and the ceremonial signing of a strategic cooperation agreement with the government took place in Mártély, SE Hungary. Scrub Daddy was founded in 2012, while the idea for its flagship product dates back to 2006. The American startup gained recognition on the TV show Shark Tank, where it […]
