Listed car seller AutoWallis's vehicle first-half sales edged down 1% year-on-year to 26,125, falling on the performance of the wholesale division, a preliminary report released on Wednesday shows. Sales of the wholesale division dropped 4% to 17,946, although the decline slowed in the second quarter, AutoWallis said. A fall in KGM brand sales and production […]

First-half domestic revenue of the local unit of Italian building materials maker Mapei rose 14.6% year-on-year to HUF 20.6 billion, Mapei Ltd. said on Tuesday. Export revenue of the unit, mainly to Romania and Serbia, surged 183.2% to HUF 584 million. The press release quoted Béla Markovich, managing director of Mapei Ltd., who pointed out […]

K+H’s large company growth index improved to 9 points in the second quarter from -3 points in Q1, Tibor Bodor, K+H’s corporate division said on Monday presenting the lender’s report. The macroeconomic subindex jumped 31 points in one quarter to a record high of 17 points. The corporate subindex increasing by 5 points to 6 […]

OTP Bank became the first European Union financial institution to launch a EUR 7 billion Medium Term Note (EMTN) program on the Hong Kong Stock Exchange, the bank said on Wednesday. The launch of the program was celebrated with a gong ceremony on June 30. As the first step of the new program, a EUR […]

N7 Defence Holding, Arzenál Fegyvergyár ['Weapons Factory'] and Colt CZ Hungary signed a binding term sheet with firearms manufacturer Colt CZ Group International on Monday, parent company 4iG said on Tuesday, MTI reports. The term sheet sets out the framework for the recapitalization of Colt CZ Hungary, the restructuring of its ownership structure and the […]

Hungarian pharmaceutical company Richter Gedeon has announced mass layoffs of more than 30 people over a 30-day period, the company announced in a statement on Monday. Richter is quoted by MTI to have said that the planned reductions will affect pharmaceutical manufacturing, particularly active ingredient manufacturing. Maintaining the competitiveness of active ingredient manufacturing is a […]

Hungarian property developer Indotek Group purchased the remaining 53% stake in Auchan Magyarország from Auchan Retail International to become sole owner of the company that owns and operates the retail chain, Indotek said on Friday. Indotek added that it the financed acquisition from internal funds. The sides did not reveal the value of the transaction. […]

Industries based on design are particularly vulnerable to counterfeiting: according to estimates, the fashion and apparel sector suffers annual losses of EUR 12 billion due to counterfeiting, while the handbag and jewelry sectors suffer losses of EUR 2.7 billion. In Hungary alone, counterfeit goods cause more than EUR 160 million in losses in design-based industries, […]

PHOENIX Pharma on Friday inaugurated a 6,550sqm logistics center in Győr (NW) Hungary built with investing HUF 8 billion of its own funds, MTI reports. PHOENIX Pharma board chairman Tamás Kaló said the center, established as a greenfield investment, serves the pharmacies, hospitals and the population of Győr-Moson-Sopron, Komárom-Esztergom, Veszprém and Fejér Counties. The base […]

Singapore-based Vulcan Shield, which supplies high-temperature insulation solutions to a range of industries and is building a plant in Békéscsaba (SE Hungary), has started test production with 12 workers at a plant rented from Linamar Hungary, executive manager of the Hungarian unit, Lóránt Komjáti is quoted by MTI as saying. Speaking at a local council […]

ContiTech Rubber International Ltd. has started recruiting more staff for its business service centre in Szeged (SE Hungary), the local unit of Germany's ContiTech said on Monday. ContiTech Rubber International Ltd. plans to hire 130 more white-collar workers at the BSC by the end of 2027, for positions in sales, business development, supply chain, engineering, […]

Total assets of listed holding company Opus Global stood at HUF 1,017 billion at the end of the first quarter, practically level with end-2025, an earnings report published ahead of the opening bell on Monday shows. Opus said no substantial changes to the composition of its portfolio or its financial, operation or organizations structure had […]

Ganz Transformers and Electric Rotating Machines has wound up a close to HUF 5 billion development project at its base in Tápiószele (E Hungary), the company said on Friday. As MTI reports, Ganz Electric upgraded its production equipment and expanded its capacity to deliver bespoke engineering solutions, paving the way for a bigger order book. […]

Hungarian oil and gas company MOL announced on Thursday that it successfully concluded negotiations with the government of Serbia on the conclusion of a shareholders' agreement for the acquisition of a majority stake in Serbian peer NIS. "Negotiations with the seller and the relevant authorities are ongoing in order to finalize the transaction," MOL's statement […]

The consolidated net profit of the Budapest Stock Exchange (BSE) for the first quarter of 2026, which includes the BSE's share of the KELER Group's results, is nearly HUF 1,64 billion, BSE announced on its website. The EBITDA value for the the first quarter of 2026 was HUF 613 million, which is 42% higher than […]