Metrinox has inaugurated a manufacturing plant in Szerencs (NE Hungary) which will produce smart gas and electricity meters in the future. Metrinox CEO Zoltán Jászberényi stated in his address that the plant currently employs ten people, but they aim to increase this number to 50 by the end of the year. He emphasized that, in […]
Net income of Magyar Telekom rose 32% to HUF 208.4 billion in 2025, the telecommunications company said in an annual report released on the website of the Budapest Stock Exchange. Revenue edged up 2% to HUF 983.9 billion. Direct costs were practically flat at HUF 377.5 billion and indirect costs fell 16% to HUF 188.6 […]
Listed Hungarian automotive industry company Rába had after-tax profit of HUF 2.9 billion in 2025, climbing from a little over break-even in the base period, an earnings report released after the closing bell on Wednesday shows. Revenue fell 6% to HUF 54.2 billion, but the bottom line was lifted by the sale of two pieces […]
The value of new leases in Hungary rose 7% to HUF 1,037 billion in 2025, the head of the Hungarian Leasing Association has said in a statement. The number of new contracts edged up 1% to 85,166. Vehicle leases accounted for HUF 607 billion of the total contract value. The value of farm machinery leases […]
Hungary's biggest feed company, UBM, had after-tax profit of HUF 1.7 billion in the first half of its business year started July 1, improving from a HUF 1.3 billion loss in the base period, an earnings report posted on the website of the Budapest Stock Exchange on Tuesday shows. Revenue climbed 14% to HUF 131.6 […]
Between 2025 and 2027, Mercedes-Benz presents nearly 40 new or fundamentally redesigned models to the public – from entry-level to top-of-the-range models, with both internal combustion and electric powertrains. This comprehensive product offensive is perfectly timed to coincide with the brand's 140th anniversary. In 2026, Mercedes-Benz Hungária will celebrate this important milestone with the wide-ranging […]
In line with the company's extraordinary announcement on February 2, 2026, Graphisoft Park SE achieved EUR 8.31 million from normal business operations, which, combined with an additional EUR 12.17 million in one-off extraordinary results, resulted in a total pro forma net profit of EUR 20.48 million, the executive summary of the company's annual reports says. […]
Through significant investments, the Hungarian-owned poultry company strengthens its market position, the Hungarian Investment Promotion Agency (HIPA) reports. The Bárány family has been involved in poultry farming for over 100 years, spanning four generations, making it Hungary's oldest poultry farming dynasty. Master Good Ltd., fully Hungarian-owned, was founded over 30 years ago with five employees. […]
Energotest Diagnostics and Automatization Ltd. will develop a vehicle diagnostic software based on AI and blockchain-based data management with a HUF 248.5 million European union grant, the company said on Friday. The software will revolutionise the visual, preventive inspection of lighting elements, chassis, steering, exhaust systems, tires and other suspension elements by integrating IoT devices […]
Hungarian maintenance, repair and overhaul (MRO) company Aero Space Power will invest HUF 2 billion at its base in Kisvárda (NE Hungary) to build a new production hall in order to expand its portfolio. Aero Space Power is a rapidly growing company with a primary focus on providing MRO solutions to the aviation and power […]
After-tax profit of K+H Bank, the local unit of Belgium's KBC, edged up 2% to HUF 132 billion in 2025, the lender said in an annual report. K+H Bank paid HUF 100 billion on the bank levy and windfall profit tax. Lending stock rose 10% to HUF 3,386 billion. Outlays reached HUF 823 billion. The […]
Hungary's merger and acquisition market was worth USD 369 million in 2025, an analysis by multinational law firm A+O Shearman is quoted by MTI. The analysis took into account 65 transactions during the year. M+A value was well under the USD 4.751 billion record in 2024, when the state partnered with France's VINCI to buy […]
Hungarian pharmaceutical company Gedeon Richter on Wednesday said it signed a strategic research collaboration and option-to-license agreement with Swiss biotech company FimmCyte. Richter said the partnership aims to advance the development of FimmCyte's FMC2 antibody for the treatment of endometriosis. The parties have negotiated an exclusive and worldwide license agreement for the future development and […]
Hiventures, the venture capital arm of the Hungarian Development Bank (MFB), is setting up a HUF 17 billion fund targeting local startups focused on AI, deeptech, greentech and medtech, CEO László Hradszki told journalists. He added that innovative companies can already apply for funding on the Hiventures website. The new fund supports the flourishing of […]
Building materials maker Masterplast has scrapped plans for a stone wool plant and will continue to focus on glass wool production, following a review of its insulation materials portfolio, the company said in an announcement posted on the website of the Budapest Stock Exchange. "The board of directors decided that the strategic focus will continue […]
