From this fall, Icon Real Estate Management Ltd. will be responsible for the facility management (FM) and property management (PM) of the MOM Park commercial and business center. The aim of the change of model is to ensure a flexible and efficient service to clients at the usual high level, in line with the center’s […]
AKKO Invest, a Premium category Budapest Stock Exchange company, again closed a very strong half year after its largest subsidiary, NEO Property Services, also saw excellent results in the first six months of the year. AKKO closed the first half with revenue of HUF 11.3 billion and EBITDA of HUF 1 billion, and it expects […]
The stunning view from the newly-opened skybar White Raven Skybar & Lounge, placed on the last floor of Hilton, welcomed the Business Heroes who are actively making a positive impact in our society. A press release by the Atlas World Community says it aims to prize those entrepreneurs, who most distinguished themselves in Hungary for […]
With EU support and an investment of around HUF 1.4 billion, Zoll-Platz Ltd. is to build a new logistics center in the outskirts of Szeged, SE Hungary, the company’s Managing Director Péter Csonka said on Wednesday. At a press conference to present the investment, which will be completed by next summer with a subsidy of […]
Schneider Electric's new manufacturing plant in Dunavecse (central Hungary), which is expected to start production in 2024, will use state-of-the-art technology and digital solutions. The plant will produce medium voltage equipment for electrical distribution systems. The investment will reach HUF 16bn (EUR 40mn), according to a statement by the company. Schneider Electric, the leader in […]
Chinese-owned Halms Hungary Ltd. invests EUR 43 million in Debrecen to manufacture e-car parts with the aim to be able to meet customer demand in Europe faster and from a closer location. The project that is to create 300 new jobs further enriches an already very much vibrant local EV ecosystem, the Hungarian Investment Promotion […]
An investment of EUR 49 million at its site in the village of Bugyi, located near Budapest, is set to boost the growth of electric installation manufacturer OBO Bettermann. The German company that celebrates 110 years of operation will build a new surface treatment plant, expand its logistics capacity, and create 100 new jobs as […]
Erste Bank has received regulatory approval to acquire the Hungarian subsidiary of Commerzbank. Migration preparations are already underway and the transaction is expected to be completed in the second half of 2022 with the integration of Commerzbank's Hungarian subsidiary, which will allow Erste to further expand its corporate business. According to a statement by Erste […]
Duna House Group reported its strongest quarter ever in Q2 2022. The Italian acquisition has delivered the expectations, while giving stability via the euro exposure, it contributed more than 50% of revenue and more than 60% of EBITDA. The Group faces a period of challenges and opportunities in the current market environment. Following tripling the […]
In the first half of 2022, PannErgy's consolidated sales revenues grew by 7% to HUF 3,686 million year on year, representing an increment of HUF 242 million. HUF 3,093 of the total sales revenue of HUF 3,686 million originates from the sale of heat, up 5% year-on-year. According to the executive summary of the H1 […]
The German family-owned Balluff Group has opened a new development office in Budapest, the third location in Hungary, following Veszprém and Csetény (both southwest of Budapest), where 10 highly skilled jobs will be created, the company told the state news agency MTI. According to the information, Balluff's management decided a year ago to expand its […]
KIA continues to lead the electric vehicle market in Hungary this year, with a 12.3% share of the market, that is, with 321 vehicles sold in the first half of the year, but the market is expected to shrink significantly next year. Norbert Nagy, the South Korean brand's importer in Hungary and president of KIA […]
The turnover of Progress Étteremhálózat [‘Restaurant Network’] Ltd., which operates McDonald's restaurants in Hungary, was HUF 32.25 billion in the first six months of the year, a 38.3% year-on-year increase compared to the first half of last year, the company announced on the Budapest Stock Exchange (BSE) website. According to the half-year balance sheet report, […]
The consolidated sales revenue of the Rába Group in H1 of 2022 amounted to HUF 30.0 billion, which is an increase by 26.6% compared to the figure of HUF 23.7 billion reported for the base period of H1 of 2021. The operating result of the group during the current period amounted to HUF 750 million […]
Tobacco processing has begun in the new preparation hall of Continental Tobacco Plc.'s tobacco factory in Sátoraljaújhely, NE Hungary, marking another milestone in the company's nearly HUF 10 billion investment, the company told the state news agency MTI on Monday. Continental Tobacco started the investment at the beginning of 2021, which includes the construction of […]
