As of January 1, 2025, Balázs Károly occupies the position of Commercial and Customer Service Director of Provident Financial Ltd., the company has announced. According to the statement, he comes to the role with outstanding professional experience and in-depth market knowledge. He has worked for more than a decade at Provident's Hungarian, Bulgarian and Romanian […]
L'Oréal has appointed a new managing director for the Czech, Hungarian and Slovakian markets. Monika Masewicz took up the post from January 1, 2025, the company told MTI on Monday. The new managing director joined the company in 2015, and in recent years she was the director responsible for L'Oréal's skin care business in Poland […]
WABERER’S INTERNATIONAL Plc. has announced that it signed a sale and purchase agreement this Monday to acquire a 62.5% stake in GYSEV CARGO Plc. and committed to a further capital increase in GYSEV CARGO after the closing of the transaction – in the expected value of cca. HUF 2 billion – to develop the railway […]
Gránit Bank has carried out the largest public offering of shares in Hungary in the last 25 years, the founder and CEO of Gránit Bank Plc., Éva Hegedüs said on Monday after the bank's shares were launched on the standard category of the Budapest Stock Exchange (BSE) with a symbolic bell. Éva Hegedüs stressed that […]
Shopper Park Plus Plc. is hereby making a public announcement relating to the acquisition of a Tesco-anchored Slovakian portfolio and the signing of financing documentation required to the implementation of the transaction, the company has announced on the website of the Budapest Stock Exchange. SPP says it has previously published information on the transaction, its […]
The Eventrend Group, a Hungarian group of companies, has recorded the highest revenues in its history and is a dominant player in the Hungarian catering and event management market. With 1,100 employees, more than 30 projects and the operation of world-renowned and renowned catering venues, the company's year-end report shows that it is the largest […]
The facilities management company B+N Referencia Plc. has announced on the website of the Budapest Stock Exchange signed an agreement to acquire KÖBERL Group. B+N has thus acquired a qualified majority stake in one of Germany's leading providers of facility management and building services. With nearly 28,000 employees in eight countries, B+N Referencia Plc. is […]
Feintool, a Swiss-owned leader in precision electrical steel and formed steel components manufacturing, is investing EUR 34.1 million to expand its Tokod facility in Hungary’s Esztergom district. The project will add 6,740 square meters to the existing plant, with the new production unit is scheduled to start production by late 2025, the Hungarian Investment Promotion […]
MVM Energy Private Limited Liability Company has informed the market participants on the website of the Budapest Stock Exchange about an agreement on the takeover of E.ON’s Romania unit. The announcement states that E.ON Group and MVM Group have reached an agreement on the sale of E.ON’s retail and customer solutions business in Romania. Under […]
The announcement on the appointment of Csaba Belovai by the Hungarian liquor producer was made on the website of the Budapest Stock Exchange in compliance with its obligation to provide notification of extraordinary events as set out in EU and Hungarian regulations. The Board of Directors of the Company by its resolutions dated December 16, […]
Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that on December 16, 2024 – according to its program related to employee share bonuses – 206,546 treasury shares were granted to 4,974 employees. Until January 1, 2027 the shares will be held in deposit on the employee’s securities accounts kept by […]
Peter Roebben, the current CEO of KBC Group's Bulgarian unit, will take over from Guy Libot as CEO of K&H Bank in Hungary on January 1, pending approval by the competent authorities, K&H Bank has told MTI. According to the statement, Peter Roebben started his career at KBC in 1991. Within the group, he has […]
In a private placement, the AutoWallis Group has issued EUR 20 million in bonds with favorable terms, contributing to the company continuing to bolster its position as a major regional car sales and mobility service provider. The funding aims to provide financing for the continued international expansion and the acquisitions of AutoWallis, currently present in […]
Gedeon Richter Plc. and Hikma Pharmaceuticals Plc. has announced that the U.S. Food and Drug Administration (FDA) had accepted for review the Biologics License Applications (BLA) for RGB-14, a Denosumab biosimilar candidate comprising two biosimilar products referencing Prolia® and Xgeva®, a human monoclonal antibody for the treatment of osteoporosis and fractures due to bone metastasis, […]
The 1,200-square-meter warehouse of the Continental Tobacco Group has been inaugurated at the Pataki Road industrial estate in Sátoraljaújhely, NE Hungary, the company told MTI on Wednesday. According to the information, the warehouse, which was built with HUF 463 million of the company's own funds, was completed as part of the tobacco company's HUF 16.5 […]
