Consumer impression plays a key role in business success, but most companies do not have a comprehensive strategy for this; lack of data is the biggest obstacle to Hungarian companies' ability to offer personalized offers to their customers, EY found in a study of 50 Hungarian marketing and sales executives, which was published in a […]
In the fourth quarter of 2024, RÁBA Automotive Holding Plc., based in Győr, NW Hungary, took major steps to adjust to the challenges of the global automotive industry, the company announced this Tuesday. The report says the Rába Modernization Program continues to be in the focus of attention through numerous technological developments key to increasing […]
Sátoraljaújhely-based Continental Tobacco Plc., an independent, Hungarian family-owned private company that combines several European tobacco companies, closed last year with a significant increase in turnover and staff numbers, the company told MTI on Tuesday. According to the statement, the tobacco company's headcount increased by 15% in one year, so that including the employees of the […]
Audi Hungaria Plc., based in Győr, NW Hungary, achieved sales revenue of EUR 8.611 billion (HUF 3,426.7 billion) in 2024, which is EUR 491 million (HUF 195.4 million) less than in 2023. The company told MTI that its operating profit last year was EUR 368 million (HUF 146.4 billion), while in 2023 it reached EUR […]
Mercedes' new factory in Kecskemét will also start serial production early next year, doubling the company's production capacity in Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó announced in Stuttgart on Tuesday. The minister said that Mercedes decided to build a factory in Hungary about a decade and a half ago, and now a […]
Last year, the WING Group, that is, WING Hungary, Bauwert AG and ECHO Investment together, successfully closed property sales worth almost EUR 300 million, one of Central Europe's leading property development and investment groups told MTI on Tuesday. The group sold three office buildings in three countries worth more than EUR 200 million and a […]
Major electrolyte producer KunlunChem is set to expand the traditional chemical industry in Szolnok with a low-energy factory by an investment exceeding EUR 100 million, according to the Hungarian Investment Promotion Agency (HIPA). The Chinese company’s greenfield investment builds upon a strong tradition, as the largest chemical plant of the region, the Tiszamenti Vegyiművek was […]
In ten years, Magyar Suzuki Plc. has produced one million units of the Vitara model. The 1,000,000th Vitara with a GLX sunroof was completed this Friday at the Esztergom factory, the company told MTI. The Vitara is currently Hungary's most popular passenger car, the company's communications manager Zsuzsanna Bonnár-Csonka said. She recalled that the start […]
Budapest-based ANY Security Printing Company Plc.'s net sales for 2024 increased by 27% year-on-year to more than HUF 70.5 billion, the company announced on the website of the Budapest Stock Exchange. Among strategic products, card production and personalization sales grew 50% compared to 2023, while sales of security products and solutions increased 25%. Export sales […]
OTP Bank's consolidated adjusted adjusted profit after tax for the last quarter of last year was in line with the average expectations at HUF 249.735 billion, 17% higher than in the same period of the previous year, according to a statement published on the website of the Budapest Stock Exchange (BSE) on Friday morning. The […]
The more successful Hungarian companies are abroad – anywhere in the world, but primarily in the Carpathian Basin – the stronger the Hungarian economy will be, Levente Magyar, Parliamentary State Secretary of the Ministry of Foreign Affairs and Trade, said on Thursday in the Transylvanian village of Comuna Moldovenești (in Hungarian: Várfalva), at the inauguration […]
Intersnack Hungary Ltd. handed over an HUF 8 billion self-financed capacity increase investment at its Győr plant in NW Hungary this Thursday. Dénes Lukács, the company's managing director, said that the investment will make oven-baked crisps, which contain 70% less fat than conventional products, available in Hungary. The product will be launched not only in […]
Shopper Park Plus Plc. (SPP) has made a public announcement on the website of the Budapest Stock Exchange relating to the closing of the acquisition process of a Tesco-anchored Slovakian portfolio. The statement says SPP has previously published information on the details of the transaction in several announcements between October 10 and December 19, 2024). […]
This year, seven Hungarian companies have been included in the Financial Times' (FT) list of Europe's 1,000 companies ranked by their growth, the British business daily told MTI on Tuesday. A1 Solar was ranked the top Hungarian company in the FT1000, with the photovoltaic systems provider coming 12th overall. DATAPAO, a data analytics company, was […]
Géza Vincze took up the position of Managing Director of Auchan Hungary on March 1. He has almost 30 years of commercial experience at large international chains following different models, the retail chain has announced. During his career, Géza Vincze has held various positions in several international retail and wholesale companies. He started his career […]
