The real estate development firm CORDIA International Ingatlanfejlesztő Zártkörűen Működő Részvénytársaság has informed investors on the website of the Budapest Stock Exchange in relation to CORDIA 2026/I HUF Kötvény and CORDIA 2030/I HUF Kötvény ('Cordia Bond') about converting the company to Societas Europea private company limited by shares. As the statement points out, CORDIA's Board […]
The layoffs at IBM's Vác plant (north of Budapest) will be carried out gradually in consultation with the works council and the union until the end of production activities, scheduled for the first quarter of 2024; production will be transferred to Mexico, and some of the Vác employees will be transferred to other IBM units, […]
The Master Good Group, owned and run by Hungary's oldest poultry farming dynasty, currently produces 35-40,000 tons of its poultry manure, called Bio-Fer, annually, but will triple its production capacity in the next three years. This will create the largest organic manure plant in Europe. The Group hopes to improve the soil quality of Hungarian […]
The 2023 H1 pro forma net result of EUR 3.68 million is significantly, by EUR 900,000, or 32% higher than the same period of the previous year, and is also more favorable than the previously published forecast for 2023, the company managing an industrial park primarily occupied by offices and laboratories of information technology and […]
The Hungarian pharma company Gedeon Richter Plc. and Mithra Pharmaceuticals of Belgium have signed a binding supply agreement for the active pharmaceutical ingredient (API) for the combined oral contraceptive Estelle® and Donesta®, a novel product candidate for the treatment of post-menopausal symptoms. The agreement, announced on the website of the Budapest Stock Exchange, specifies that […]
Biotechnology company GenePlanet, a partner of SYNLAB Hungary Ltd., will enter the Hungarian market with new genetic screening services, the biotechnology company told MTI on Monday. The company has raised EUR 20 million in capital for its global growth. According to the statement, in addition to the partnership with SYNLAB Hungary Ltd., GenePlanet has also […]
The Hungarian oil and gas company MOL Group announced its financial results for Q2 and H1 2023 on the website of the Budapest Stock Exchange. In the first six months of the year, the Group delivered USD 1,125mn EBITDA while in Q2, the EBITDA reached USD 411mn. Both Downstream and Upstream results were hit by […]
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 […]
