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 […]
Erste Bank Hungary Plc. closed last year with an improved profit profile, mainly due to the growth in the number of active customers and assets under management. Loan and bond volumes rose again in 2024, with new lending in retail loans up one and a half times, while corporate lending was 9% down on a […]
The Hungarian energy services firm ALTEO’s revenue in 2024 increased by 7% compared to the highly successful 2023 financial year, and its EBITDA reached HUF 19.7 billion, slightly higher than a year earlier, the company has announced on the website of the Budapest Stock Exchange (BSE). The results achieved by the company, listed in the Prime […]
iBanFirst, the leading global provider of foreign exchange and international payments, achieved 137% growth in transaction volumes in Hungary last year, with outgoing payments reaching EUR 1.5 billion, making Hungary the fastest growing market in the Central and Eastern European region, the company told MTI on Friday. iBanFirst received its operating licence from the National […]
Japanese instant noodle giant Nissin Foods is expanding its operations in Kecskemét with a new production facility, the Hungarian Investment Promotion Agency reports. The Tokyo-based company, manufacturing products of iconic brands, such as Smack and Soba, is investing approximately EUR 100 million to establish its second factory in Hungary. The development will take place on […]
Market Group's two real estate development subsidiaries, Market Asset Management and Property Market, won three prestigious awards at the 15th Real Estate Awards gala, the real estate group informed MTI on Friday. The BEM Center office building was named Commercial Development of the Year and Greenest Project of the Year, while the Kimpton BEM Budapest […]
Budapest-based pharmaceutical giant Gedeon Richter Plc. announced its Q4/FY 2024 financial results at the website of the Budapest Stock Exchange by stating that 2024 was an active year with business development across all segments, aimed at providing access to health by bringing solutions to unmet needs and by offering affordable medicines to a wide range […]
The AutoWallis Group increased its sales to HUF 398.46 billion last year, which is 9% higher than the previous year, while EBITDA (earnings before interest, tax, depreciation and amortization) rose by 2% to HUF 20.175 billion, the company told MTI on Friday. Net profit fell to HUF 6.976 billion from HUF 9.842 billion in the […]
