The Hungarian oil and gas company MOL Plc. has notified the capital markets on the website of the Budapest Stock Exchange that it entered into a sale and purchase agreement with ENEOS Materials Corporation of Japan pursuant to which ENEOS acquires MOL’s 49% stake in ENEOS MOL Synthetic Rubber Ltd. Following the transaction, ENEOS will […]
Since spring 2019, Market Építő Plc. and its subsidiaries have completed more than EUR 367 million worth of site preparation and complete infrastructure works on 400 hectares on behalf of the City of Debrecen and the BMW Group. The construction company has informed that it had also completed the full construction of four buildings within […]
CEE investment volumes hit EUR 5.0 billion in the first three quarters of 2024, up 24% year-on-year. This aligns with European and global market rebounds after a slow 2023. Year-end volumes may reach EUR 7.0 - 7.5 billion, about 30% below the 10-year average, Colliers reveals in its latest “Q1-Q3 CEE Investment Scene” report. Silviu […]
ANY Security Printing Company Plc. has released its 2024 January-September results, according to which its net sales first three quarters of this year amounted to HUF 52.8 billion which is higher by HUF 8.7 billion (20%) than in the previous year. A summary of the report says that changes in case of strategic product segments […]
The Hungarian subsidiary of the British DS Smith, a leading supplier of sustainable packaging solutions, is launching development projects at three of its Hungarian facilities simultaneously, the Hungarian Investment Promotion Agency reports. With a total investment of EUR 34.4 million, the production capacity of DS Smith Packaging Hungary Ltd. will increase by over 40 per […]
According to a survey by EY Hungary, the biggest challenges for companies are exchange rate risk and meeting expected wage increases, the international consultancy said, based on the results of a survey of 300 Hungarian tax and finance executives. Respondents also cited inflation, energy price volatility and ensuring adequate cash flow as other challenges to […]
Nestlé's factory in Szerencs, NE Hungary will be expanded with a new solar park with an annual capacity of 1.5 gigawatts with an investment of more than HUF 700 million with 45% support by the National Investment Promotion Agency (HIPA), the company told MTI on Friday. The system will come on stream in March next […]
South Korea’s food industry giant, CJ Foods, has chosen Hungary as the site for its first Central and Eastern European production facility. The company, renowned for its global production and distribution of staple foods, appetizers, and ready-made meals, has chosen Dunavarsány for this EUR 80 million greenfield project. The plant and logistics center set to […]
EY, one of the world's leading providers of audit, tax, legal, strategy, transaction and business advisory services, has forecast a slowdown in global demand for pure electric, hybrid and plug-in vehicles (EVs) this year, but the firm's leading partner in its automotive industry group says the slowdown is expected to be temporary and manufacturers could […]
The AutoWallis Group achieved record Q3 revenue, the main driver of which continues to be the Retail Business Unit with its above market average growth of 16%. The revenue of the Group, present in 16 countries in the region, grew to HUF 291 billion and its EBITDA topped HUF 14 billion. The AutoWallis Group increased […]
The Hungarian automotive trading company AutoWallis Plc. has informed its investors on the website of the Budapest Stock Exchange that it intends to acquire a 100% stake in the holding company MILAN KRÁL HOLDING of the Czech Republic, for which it has submitted a request for preliminary approval to the Czech competition authority. MILAN KRÁL […]
As part of its commitment to expanding its presence in Hungary, global animal vaccine producer Ceva-Phylaxia has announced an EUR 75 million investment, establishing a state-of-the-art unit in Monor dedicated to manufacturing inactivated, multicomponent vaccines, the Hungarian Investment Promotion Agency (HIPA) reports. Following the official groundbreaking ceremony for the 7,000-square-meter facility, production is expected to […]
Consolidated sales of Richter Gedeon Plc. amounted to HUF 636.4 billion in the first nine months, up 5.7% year-on-year, the pharmaceutical company announced on the website of the Budapest Stock Exchange on Tuesday. The company posted a 42.2% increase in profit after tax to 175.9 billion forints in the first three quarters. The report underlined […]
Office park operator Graphisoft Park SE's pro forma net profit for the first three quarters of 2024 amounted to EUR 6.18 million, up 11% year-on-year, the company announced on Tuesday on the website of the Budapest Stock Exchange (BSE). According to the executive summary of the report, this growth is partly due to the office […]
Profit before tax at the Hungarian oil and gas company MOL reached USD 503 mn in the third quarter of 2024, lower by 24% year-on-year but on track to meet annual guidance, the company reports on the website of the Budapest Stock Exchange. Main points of the report include: Chairman-CEO Zsolt Hernádi commented the result […]
