In the second quarter of this year, Gedeon RichterPlc. achieved a profit after tax of HUF 30.0 billion, 61.1% below the same period last year, in line with analysts' expectations, the pharmaceutical company announced on the website of the Budapest Stock Exchange (BSE) on Friday. Total revenue for the quarter was HUF 203.78 billion, up […]
From August 1, 2023, Aegon Hungary General Insurance Plc. will continue its activities under the name Alfa Vienna Insurance Group Plc. According to the information published on the company's website, the name change does not imply any change in the company's operations, products and obligations. Customers are not affected by the name change and have […]
The Continental Tobacco Group is starting this year's tobacco harvest season with a positive outlook and expects an above-average harvest, the group told MTI on Thursday. According to the information, the group's tobacco cultivation member Dofer Tobacco Fermenting Ltd. has contracted for 1,005 hectares of tobacco cultivation, 8% more than last year. The planting of […]
Inflation has led to a drop in demand for spirits both at home and in Zwack Unicum's largest export markets, while raw material prices and personnel costs have skyrocketed, the company said in its quarterly report on the website of the Budapest Stock Exchange. The company's gross sales fell by 10.9% to HUF 8.9 billion […]
Following the largest order ever received by the Hungarian transport industry, a wide-ranging Hungarian-Egyptian railway vehicle manufacturing cooperation could be launched in the future, taking advantage of the market opportunities in Africa, the Minister of Foreign Affairs and Trade said in Budapest on Thursday. According to a statement by the Ministry of Foreign Affairs and […]
The Hungarian EV ecosystem is going to be enriched by yet another battery manufacturer that is ranked top 10 in the world, according to the Hungarian Investment Promotion Agency (HIPA). The announcement by Sunwoda of an initial investment of EUR 245 million marks a new chapter in the history of the Chinese firm to set […]
The A1 and B1 halls of the first phase of the East Gate Pro Business Park, developed by WING Plc., have been awarded the BREEAM International New Construction Very Good sustainability rating, portfolio.hu reports. The halls have earned the rating for their sustainable energy and water efficient management, among other things. The development has been […]
German automotive firm Kirchhoff invests EUR 50 million in total at its sites in Esztergom and Dorog, both located in Pest County, to expand its Hungarian operation significantly. The projects are to create 80 new jobs, according to the Hungarian Investment Promotion Agency. Kirchhoff Automotive is an international supplier that offers body solutions to make […]
The Hungarian pharmaceutical company Gedeon Richter Plc. and the Dutch IQ Medical Ventures B.V. have announced on the website of the Budapest Stock Exchange that they signed a Share Purchase Agreement to transfer 100% of the shares of Giskit MD B.V. to Richter from Giskit Holding B.V., the affiliate of IQ Medical. Giskit MD B.V. […]
The world's first energy drink entirely developed by A.I. (Artificial Intelligence) with HELL ENERGY has been born. Every element of the new flavor, its carefully selected ingredients, design and marketing tools were designed and tasted by A.I., the company says in a statement. A.I. is able to process the incredible amount of information and knowledge […]
Szeplast Plc., a manufacturer of PVC granulates and powder mixtures, is expanding its production capacity and product range with an investment of more than HUF 1.3 billion with EU support, the company informed MTI. According to the press release, HUF 632 million of the HUF 1.386 billion project, which will be completed by the fall […]
The ‘Lidl for Hungarian Suppliers’ program has been successful, the supermarket chain informed Portfolio. The essence of the program is to distribute food products of Hungarian manufacturers and suppliers in foreign supermarkets. As published on portfolio.hu, Hungarian dairy producers sold milk and dairy products worth nearly HUF 16 billion in the chain's foreign stores in […]
Market Építő Plc.'s turnover last year exceeded HUF 308 billion, while the overall profit per parent company of the building construction company was HUF 25.731 billion, the company announced on the Budapest Stock Exchange (BSE) website on Friday. According to the report, net sales increased by HUF 11.763 billion to HUF 308.880 billion. The overall […]
The pharmaceutical firm Teva Gyógyszergyár Plc. has built a new, specialized production facility in Debrecen worth more than USD 2 million (HUF 673.6 million). The significance of the investment is increased by the fact that the development of the product manufactured in the facility was also carried out by researchers in Debrecen, the company told […]
The Hungarian e-commerce market is expanding with a new player: the OTP Group has announced the launch of its webstore fizz.hu. Forbes.hu reports that the bank's employees will start testing the webstore in a closed round next Tuesday. According to the newspaper's market sources, a sharp launch is expected by the end of the summer. […]
