OTP Bank Plc. has announced that OTP Bank signed an acquisition agreement with Alpha International Holdings Single Member S.A. on purchasing 100% shareholding ofAlpha Bank SH.A., the Albanian subsidiary of the Greek Alpha Bank S.A. The purchase price has been agreed at Euro 55 million. With a total asset-based market share of almost 5% in […]

The Budapest Stock Exchange (BSE) share index (BUX) fell in declining turnover this week, with the index 50 closing at 904.91 points on Friday, 56.34 points, 0.11% lower than a week ago, the Hungarian state news agency MTI reports. Turnover on the stock market was HUF 72.9 billion, down from HUF 94.6 billion last week, […]

One of the largest companies in the healthcare industry, Roche Hungary Ltd., known for its innovative solutions, has signed a strategic cooperation agreement with the Hungarian government. The aim of the agreement is to use Roche's value-based healthcare model to multiply the innovative and personalized therapies delivered to patients in a way that significantly reduces […]

AutoWallis has reported strong results for the past nine months: the EBITDA of the corporation exceeded HUF 5.7 billion, meaning that the listed automotive company is likely to surpass its yearly plan of HUF 5.5-6.2 billion. The Group generated a revenue of HUF 145.4 billion in the first nine months of the year, with its […]

Magyar Telekom, the leading Hungarian telecommunications service provider has announced that the Board of Directors of the Company decided to request the cancellation of admission to trading of its American Depositary Shares (ADSs) on the London Stock Exchange’s International Order Book (IOBU market segment) with effect from December 30, 2021. The company has notified the […]

Duna House Group continued its march in the third quarter of 2021: its quarterly revenue jumped to HUF 3.8 billion (+72% y/y) and its clean core EBITDA jumped to HUF 667 m (+47% y/y). The Group’s clean core proft after tax (PAT) rose by 54% to HUF 494 mn. With an outstanding performance in the […]

Horizon Development’s most recently completed crown jewel, Szervita Square Building transformed downtown Budapest’s urban fabric architecturally and contributed to the revitalization of retail in the area. It completed the Deák Square – Fashion Street – Váci Street triangle, and established Szervita Square as a new retail destination for both tourists and locals, according to a […]

Almost 50 investments are carried out right now in Veszprém county, all of which were decided by the companies involved during the pandemic. Their total value reaches HUF 50 billion, and they contribute to the protection of a total of 12,000 jobs. Thus, there is a constant need for labour force in many areas in […]

EY Global Delivery Services (EY GDS) is establishing a new global service center in Budapest, where services related to tax consultancy will be in focus. The Budapest center of EY GDS will primarily support EY companies operating in EMEIA countries. By the end of 2024, the company, which has been present in Hungary since 1993, […]

Industrial gas supplier Linde opens its new research and development center 'Linde Advanced Operations Services' (LAOS) in Budapest, the Hungarian Investment Promotion Agency reports. The digital center aims to provide services and solutions using Industrial IoT, cloud services and artificial intelligence, which make processing plants sustainable and profitable. The volume of the R&D project to […]

Swiss Metoxit AG and Saphirwerk AG manufacturing special ceramic products launches an investment of more than CHF 7 million (EUR 6.6 million) in Székesfehérvár, southwest of Budapest. In the first phase of the project, 40 new jobs will be created, which can increase to 80 people two years later. Ceramic components will be produced in […]

Ceva Phylaxia, one of the world's leading animal vaccine producing companies, will set up a new vaccine factory along with the associated infrastructure by developing a new site under a greenfield investment in Hungary. With the technology-intensive investment of more than EUR 26 million in Monor, the 44-hectare site will store frozen and semi-finished vaccines […]

Groundbreaking ceremony has been held at the future Chervon Auto factory in Miskolc, NE Hungary. With Bilfinger Tebodin on board, the Chinese automotive components producer received the building permit and starts the construction of their new factory. The EUR 50 million euro investment is a greenfield facility of 27,000 square meters. Once operational, it will […]

“Sustainability is not just a legitimate expectation of our customers and increasingly also a legal requirement, but a clear goal for our operations as well.” That is how the Country Chair of Shell Hungary, Andrea Istenes Solti explains her company’s commitment to a more sustainable future of Planet Earth. “Shell is one of the largest […]

Experts expect robotics, automation and chemical-free, environmentally friendly cleaning technologies to take off in this area of business. The National Association of Facilities Management and Building Services Providers (LEO) is positive about the year ahead, despite the challenges, and expects the market to continue to grow. The rise of the home office has brought fundamental […]