Uncertainty surrounding EU tenders has only slightly dampened the confidence of companies, with around half of them still considering it realistic to obtain such funding, K&H told MTI on Wednesday, based on the first quarter results of the Hungarian Micro, Small and Medium Enterprises (SME) Confidence Index. K&H has been compiling a quarterly SME confidence […]
ALD Automotive has successfully completed the acquisition of 100% of LeasePlan, one of the world’s leading fleet management and mobility companies, from a consortium led by TDR Capital. This transformative acquisition represents a step-change which positions the combined group as the leading global sustainable mobility player with total fleet of 3.3 million vehicles managed worldwide. […]
Gedeon Richter Plc. has announced on the website of the Budapest Stock Exchange that its Brazilian affiliate Gedeon Richter do Brasil Importadora Exportadora e Distribuidora SA signed an agreement with Grünenthal do Brasil Farmaceutica Ltda on the commercialization of the latter‘s Women’s Healthcare portfolio. The portfolio includes oral contraceptives Belara and Belarina and food supplements […]
The life insurance segment stagnated, but the property and liability and health insurance sectors in Hungary showed strong growth last year, according to Allianz's latest global insurance report, a summary of which was sent to MTI on Friday. According to the statement, the Hungarian insurance market grew by EUR 0.2 billion, or 7.4%, in 2022, […]
Mercedes-Benz Manufacturing Hungary Ltd. achieved sales of nearly EUR 4 billion in 2022, compared to EUR 3.1 billion in the previous year; its profit before tax also increased: from nearly EUR 75 million in 2021 to more than EUR 96 million last year, the company told MTI. According to the report, the significant positive change […]
The European Commission has given its final approval for the acquisition of OMV Slovenija by the Hungarian oil and gas company Mol, putting the Mol Group on track to become the second largest player in the segment in Slovenia. The Mol Group has fulfilled all the conditions for closing the transaction to acquire a 92.25% […]
After the final assembly and testing of digital microsensors, the last step of chip production will be transferred from Sensirion's Swiss parent company to the Debrecen plant, thus the plant will be involved in semiconductor production, said Managing Director of Sensirion Hungary Ltd., László Ábrahám, at a press conference on Thursday. The managing director highlighted […]
Florin Plc., a manufacturer of disinfectants, cleaning agents and cosmetics products, is improving its logistics system and building a new automated warehouse with an investment of HUF 1.6 billion - with support from the European Union. Attila Barta, the company's CEO, said at the groundbreaking ceremony on Wednesday that half of the costs of the […]
Steel structure manufacturer Vilex '94 Ltd. has invested almost HUF 300 million in improving its technology, the company told MTI. The company received HUF 209 million in conditionally non-refundable support from the Széchenyi Plan Plus program for the development, which cost HUF 298.9 million. As the main part of the project, a separate 1,510-square-meter locksmith's […]
With the help of EU funding, Avarem Ltd. has acquired a line of machines enabling the recycling of LED-based waste at its site in Mezőkovácsháza, Békés county. Managing director Csaba Nyist told MTI that the company won HUF 53.86 million from the Economic Development and Innovation Operational Program (Ginop) Plus, with a 70% subsidy intensity. […]
ANY Security Printing Company Plc. has released its 2023 Q1 results on the website of the Budapest Stock Exchange. It shows that net sales of the company for 2023 amounted to HUF 11.2 billion which is higher by HUF 0.4 billion (4%) than in the previous year. Changes in case of strategic product segments were […]
The Joint Venture Association held its 2022 Annual General Meeting in Budapest, closing the year 2022, with the election of a new Board, a new Supervisory Board, two new Ethics Committee members and the re-election of several former members. It was on January 1, 2022 that Tímea Buday Kollárik took over the management of the […]
April brought a temporary downturn in the domestic real estate market in Hungary, with a thousand fewer transactions compared to the previous month, according to the latest barometer report published by the real estate agency Duna House. Based on Duna House's own data, the number of sales nationwide was estimated at 6,787, which is still […]
ITL Group proudly presents the most anticipated annual event of 2023, the Budapest Business Party (BBP23, http://rsvp.budapestbusinessparty.com/). Taking place on June 2nd, 2023, from 6:00 pm to 2:00 am aboard the luxurious "Spoon the Boat," this year's event promises to be bigger, better, and bolder than ever before. Budapest Business Party, organized by ITL Group (www.itlgroup.hu) and powered by Tecnocasa Group (www.tecnocasagroup.hu), is […]
Quarterly operating profit growth was 10.1% without FX effects driven by favorable changes in the product portfolio mix and a relatively slower increase of operating expenses, the pharma company Gedeon Richter reports. In addition, no windfall tax was recorded in 2022 Q1. Excluding FX effects Richter’s gross profit increased by 15.3%, driven by a 17.4% […]
