Hungarian drugmaker Gedeon Richter foresees a 5% drop in its revenue this year, calculated in euros, CEO Erik Bogsch said this morning at a press conference during which the company presented its Q4 earnings report, according to reports.
Workers of Budapest Transport Company (BKV) have set up a strike committee and are preparing to strike after not receiving a pay rise for an extended period, and hearing news of the companyʼs plans to carry out additional layoffs, according to Hungarian online daily origo.hu.
The corporate tax bite for last year’s earnings should not be dramatically different from the year before for most companies, but the administrative burden will continue to grow, according to local experts.
Hungarian pharmaceutical company Richter Gedeon reported consolidated net income of HUF 9.7 bln in the fourth quarter, up from a loss of HUF 3.9 bln in the base period following a drop in R&D costs, and reduced financial losses, the company announced this morning in an earnings report.
Hungary’s National Development Ministry (NFM) has been in negotiations with Russian aircraft manufacturer Sukhoi to launch a new national carrier comprising six aircraft, state-owned news service hirado.hu reported today.