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 […]
Total gross sales of the Hungarian liqueurs and spirits producer Zwack Unicum were HUF 18,234 million, a year-on-year increase of HUF 1,014 million (5.9%), according to the half-year report of the company. During the first half of the business year, they amounted to HUF 165 million. Net sales (that is, sales revenues minus excisetax and […]
The Hungarian medical device manufacturing sector sees further reinforcement through Karsai Alba Ltd.'s latest investment. As part of an EUR 10.86 million project, the fully Hungarian-owned company based in Székesfehérvár inaugurated a 2,100-square-meter, fully automated and robot-equipped facility this Monday, the Hungarian Investment Promotion Agency reports. The plant, specialized in manufacturing single-use laboratory and medical […]
The pharma companies AbbVie (headquartered in North Chicago, Illinois in the United States) and Gedeon Richter Plc. (headquartered in Budapest, Hungary) have announced a new discovery, co-development and license agreement to advance novel targets for the potential treatment of neuropsychiatric conditions. A statement on the website of the Budapest Stock Exchange highlights that this collaboration […]
The role of employer branding in the corporate sector to find and retain employees will continue to grow: 47% of companies surveyed will increase their employer branding budgets in 2025, despite the economic challenges, according to the Brandfizz Employer Branding Compass National Employer Brand Survey sent to MTI. The survey says only 7% of those […]
The Hungarian energy distribution company ALTEO Plc. has announced on the website of the Budapest Stock Exchange that it signed this Friday business quota sale and purchase contracts with the Hungarian company Pannonia Bio Plc. and the Spanish firm CEOLICA HISPANIA for the acquisition of 100% of the business quota of the Hungarian renewable energy […]
The Mol Group and Turkish Petroleum Corporation (TPAO) signed a Memorandum of Understanding in Istanbul to work together as strategic partners in the field of hydrocarbon exploration and production, the oil and gas group has announced. The statement says the companies are taking their cooperation in Turkey to a new level after successful joint international […]
A joint program of OTP Bank and the Budapest Stock Exchange (BSE) will provide dedicated training and events to support Hungarian companies preparing for listing on the stock exchange, the two institutions said in a joint statement on Monday. According to the information, those interested in the joint program of OTP Bank and BSE can […]
A new production line, which cost over HUF 1 billion, has been added at the Hungarian muesli production firm Cerbona, which now has four production lines, while the investment will double the company's production capacity for muesli bars. CEO Tamás Mészáros has said at a press conference that the investment was financed from own resources […]
The new 16,600-square-meter state-of-the-art production hall of the internationally owned ZF Chassis Modules Hungary was inaugurated in the Kecskemét Premium Industrial Park (KEPI) this Thursday. The state-of-the-art manufacturing building, developed by leading industrial real estate specialist Panattoni Hungary, was built under a build-to-suit (BTS) agreement with ZF Chassis Modules Hungary as a joint investment between […]
SAP Hungary has recently renewed its office lease agreement for over 18,000 square meters at Graphisoft Park, further demonstrating its commitment to its Hungarian operation, which has been hosted by the business park for 18 years. SAP was represented in the transaction by Colliers. Graphisoft Park, covering more than 80,000 square meters, is one of […]
Bio-Thera Solutions, a commercial-stage biopharmaceutical company developing a pipeline of innovative therapies and biosimilars, and Gedeon Richter have reached an exclusive commercialization and license agreement for BAT2206, a biosimilar candidate to Stelara, it was announced on the website of the Budapest Stock Exchange. Under the agreement, Bio-Thera will maintain responsibility for development, manufacturing, and supply […]
