First-quarter after-tax profit of Graphisoft Park, which owns and operates a business park in the north of Budapest, rose 20% year-on-year to EUR 2,670,000, an earnings report shows. The pro-forma net profit for the first quarter of 2026 was in line with company’s expectations at EUR 2.67 million, representing a significant increase of 20% compared […]
Listed building materials maker Masterplast had first-quarter after-tax profit of EUR 1.9m, improving from a loss of EUR 2.2 million in the base period, an earnings report released ahead of the opening bell on Thursday shows. In the first quarter of 2026, Masterplast achieved consolidated revenue of EUR 57,4 million, representing the third highest quarterly […]
Belgian universal multi-channel bank-insurer KBC booked a EUR 30 million first-quarter loss at its banking and insurance business in Hungary as a windfall profit tax weighed, the lender said in an earnings report released on Tuesday. KBC booked EUR 215 million in banking and insurance taxes at the business – the full-year amount – up […]
First-quarter net income of Magyar Telekom rose 9% year-on-year to HUF 59.0 billion as margins widened and financial losses narrowed, an earnings report released after the closing bell on Tuesday shows. Revenue edged down 2% to HUF 238.1 billion. Direct costs dropped 10% to HUF 82.7 billion, lifting gross profit 4% to HUF 155.3 billion. […]
It was just last year that the Saint James Vision & Aesthetics Center opened in Budapest's 3rd District with the Maltese Saint James Hospital Group venturing into the field of aesthetics. The CEO of Saint James Hospitals & Clinics, Jean Claude Muscat tells Diplomacy&Trade how the Group, present in Hungary now for 17 years, has […]
First-quarter net income of Hungarian pharmaceutical company Gedeon Richter fell 4% year-on-year to HUF 65.3 billion as operating profit stagnated and net financial gains narrowed, an earnings report published ahead of the opening bell on Tuesday shows. Revenue edged down 2% to HUF 220.2 billion, impacted by the continuing trend of the weaker dollar and […]
The Hungarian Advertising Association and its partner organizations welcome the fact that, among its first measures, the incoming Tisza government has maintained the zero-percent advertising tax rate by elevating emergency regulations to the level of law. At the same time, the organization is calling for the abolition of this tax, the Hungarian Advertising Association told […]
As part of the company’s domestic modernization process in Hungary, French sporting goods retailer Decathlon has reopened its completely renovated store in Székesfehérvár, which is celebrating its 20th anniversary this year; this is the first location outside Budapest. Levente Fekete, regional director of Decathlon Hungary and the manager responsible for store renovations, told MTI that […]
First-quarter net income of Hungarian oil and gas company MOL fell 75% year-on-year to HUF 38.8 billion as supply issues weighed, an earnings report released this week. MOL's total revenue fell 8% to HUF 2,024 billion as the company's downstream business faced a "perfect storm", starting with the disruption of deliveries through the Druzhba pipeline, […]
Christian Dickert has been appointed CEO of Mercedes-Benz Manufacturing Hungary and head of production at the German car maker's plant in Kecskemét from May 1, the company's local unit said on Wednesday. A mechanical engineer by training, he has been with Mercedes-Benz since 2011. Over the course of his career, he has gained extensive management […]
Meat processing company Pick Szeged Plc.’s revenue increased, while its net profit decreased in 2025 compared to the previous year, the meat processing company announced in its annual report published on the Budapest Stock Exchange (BSE) website. The company’s net revenue rose from HUF 85.2 billion to HUF 86.2 billion, while its net profit after […]
Following its success in the hospitality industry, Bibo Franchise Ltd. aims to strengthen its position in the consumer market with its bio-based and chemical-free products that support sustainable operations; the innovative company has already taken its first steps toward international expansion. The 100% Hungarian-owned company was founded 15 years ago by András Juhász who is […]
Admatis Research, Manufacturing and Trading Ltd., based in Miskolc, NE Hungary, has secured EUR 105 million in EU funding to further develop its specialized heat treatment technology, one of the company’s core competencies, Tamás Bárczy, the company’s founder, owner, and managing director, told MTI. According to his statement, the non-repayable grant will also be used […]
4iG Plc. and its subsidiaries (“4iG Group”) continued its growth trajectory in 2025, successfully completing its Transformation Program, and focused on consolidating operations within the new structure and leveraging synergies. The executive summary report published on the website of the Budapest Stock Exchange says that following the Transformation Program completed in October 2025, the Group […]
Hungarian oil and gas company MOL on Thursday said it signed an agreement to acquire hydrocarbon concessions in Hungary from O+GD Central Ltd. Under the sale and purchase agreement, MOL will acquire O+GD's 51% stake in concessions in Mogyoród, Nagykáta and Ócsa, all in central Hungary. The deal also includes a range of other assets […]
