Synergon calls EGM for September 8

Deals

Shareholders in Synergon Nyrt, a Hungarian computer-services company, will meet September 8 to elect new management and supervisory boards. The Budapest-based company's supervisory board published the agenda for the meeting on the website of the Budapest Stock Exchange (BÉT) yesterday. Shareholders at a May 30 meeting postponed motions that required a 75% majority to pass because of a lack of quorum. Raiffeisen International AG, Hungarian plastics maker Pannonplast Nyrt and Hungarian investor István Miholek recently bought stakes Synergon. The computer company's shares are the best performers on Hungary's benchmark BUX Index this year, gaining 65%. Raiffeisen owns 15.4% of Synergon, Miholek has a 10.6% stake and Pannonplast holds 4.2%. Other owners include a local investment unit of Erste Bank AG, with 5.1% of shares. Synergon expects to raise profit sevenfold by 2009 by entering new markets such as Romania and Ukraine and cutting costs, CEO Zoltán Radnóty said in a July 19 interview. The company will report second-quarter earnings on August 11. At its meeting on March 2nd 2006, the Board of Directors of Synergon Information Systems plc. decided to separate, in accordance with earlier plans, the General Manager and Group CEO functions, so far occupied by a single person: in addition to the position of General Manager of Synergon Information Systems plc., another official has been appointed CEO of the Synergon Group. The Board appointed Zoltán Radnóty and Dr Zsolt Tóth respectively CEO of the Synergon Group and General Manager of Synergon Information Systems plc. (Bloomberg, Synergon.hu)

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.