Business

Pharma

SMG inaugurates HUF 5 bln expansion in Hungary

Indian automotive industry supplier Samvardhana Motherson Group (SMG) inaugurated a HUF 5 billion expansion at its base in Túrkeve (SE...

Office Market

Ecodome Awarded ’Platinum’ Certification

The 5,000 sqm Ecodome office, located close to the Castle District, has become the third Budapest office complex to be...

Office Market

Protected Liget Center Changes Hands Again

Wing has purchased the 7,000 sqm Liget Center Office, a protected Hungarian building as an example of Hungarian modernist functional...

Telco

Stockpiling before tax changes lifts Zwack profit

After-tax profit of Zwack Unicum, Hungaryʼs best-known spirits maker, rose 20% year-on-year to HUF 2.6 billion in the firmʼs business...

Office Market

S IMMO starts 2019 with large-scale deals

Vienna-based real estate investment firm S IMMO began 2019 with several large deals on the Budapest market, including the purchase...

Office Market

GRT Group begins Office Garden IV construction

As part of the expansion of the Office Garden office park, developer the GRT Group has started construction of the...

Pharma

Alföldi Tej inaugurates HUF 15 bln plant in Debrecen

Hungarian dairy company Alföldi Tej inaugurated a HUF 15 billion cheese and powder manufacturing plant in Debrecen on Tuesday, Hungarian...

Telco

Ministry reaches out to SMEs to develop govʼt strategy

The governmentʼs support strategy for SMEs is being developed after extensive social consultations, said State Secretary for Economic Planning and...

Telco

Deficit confirmed at 3.9% of full-year target by end of April

Hungary’s general government, excluding local councils, ran a HUF 39 billion deficit at the end of April, reaching just 3.9%...

Telco

UkrTransNafta resumes oil deliveries through Druzhba pipeline

Ukraineʼs UkrTransNafta resumed deliveries of Russian crude to Hungary through the Druzhba pipeline on Tuesday after receiving notification from the...

Telco

CIG Pannónia Q1 profit falls as premiums revenue stagnates

Insurer CIG Pannóniaʼs first-quarter after-tax profit fell 16% year-on-year to HUF 508 million as revenue from premiums was flat, an...

Telco

AutoWallis raises capital in subsidiary

The board of directors of listed company AutoWallis has increased the equity of its subsidiary, Wallis Automotive Europe (WAE) Kft....

Telco

K&H Bank Q1 profit falls on one-offs

K&H Bank, the Hungarian unit of Belgiumʼs KBC, had first-quarter after-tax profit of HUF 12.2 billion, down 19% year-on-year, the...

Telco

4iG reaches HUF 280 mln after-tax profit in Q1

Listed IT company 4iG had HUF 280.5 million after-tax profit in the first quarter of 2019 compared to a HUF...

Office Market

Futureal sells Advance Tower to Erste

Property developer the Futureal Group has reached an agreement with Erste Real Estate Fund regarding the sale of the Advance...

Pharma

SMG inaugurates HUF 5 bln expansion in Hungary

Indian automotive industry supplier Samvardhana Motherson Group (SMG) inaugurated a HUF 5 billion expansion at its base in Túrkeve (SE...

Office Market

Ecodome Awarded ’Platinum’ Certification

The 5,000 sqm Ecodome office, located close to the Castle District, has become the third Budapest office complex to be...

Office Market

Protected Liget Center Changes Hands Again

Wing has purchased the 7,000 sqm Liget Center Office, a protected Hungarian building as an example of Hungarian modernist functional...

Telco

Stockpiling before tax changes lifts Zwack profit

After-tax profit of Zwack Unicum, Hungaryʼs best-known spirits maker, rose 20% year-on-year to HUF 2.6 billion in the firmʼs business...

Office Market

S IMMO starts 2019 with large-scale deals

Vienna-based real estate investment firm S IMMO began 2019 with several large deals on the Budapest market, including the purchase...

Office Market

GRT Group begins Office Garden IV construction

As part of the expansion of the Office Garden office park, developer the GRT Group has started construction of the...

Pharma

Alföldi Tej inaugurates HUF 15 bln plant in Debrecen

Hungarian dairy company Alföldi Tej inaugurated a HUF 15 billion cheese and powder manufacturing plant in Debrecen on Tuesday, Hungarian...

Telco

Ministry reaches out to SMEs to develop govʼt strategy

The governmentʼs support strategy for SMEs is being developed after extensive social consultations, said State Secretary for Economic Planning and...

Telco

Deficit confirmed at 3.9% of full-year target by end of April

Hungary’s general government, excluding local councils, ran a HUF 39 billion deficit at the end of April, reaching just 3.9%...

Telco

UkrTransNafta resumes oil deliveries through Druzhba pipeline

Ukraineʼs UkrTransNafta resumed deliveries of Russian crude to Hungary through the Druzhba pipeline on Tuesday after receiving notification from the...

Telco

CIG Pannónia Q1 profit falls as premiums revenue stagnates

Insurer CIG Pannóniaʼs first-quarter after-tax profit fell 16% year-on-year to HUF 508 million as revenue from premiums was flat, an...

Telco

AutoWallis raises capital in subsidiary

The board of directors of listed company AutoWallis has increased the equity of its subsidiary, Wallis Automotive Europe (WAE) Kft....

Telco

K&H Bank Q1 profit falls on one-offs

K&H Bank, the Hungarian unit of Belgiumʼs KBC, had first-quarter after-tax profit of HUF 12.2 billion, down 19% year-on-year, the...

Telco

4iG reaches HUF 280 mln after-tax profit in Q1

Listed IT company 4iG had HUF 280.5 million after-tax profit in the first quarter of 2019 compared to a HUF...

Office Market

Futureal sells Advance Tower to Erste

Property developer the Futureal Group has reached an agreement with Erste Real Estate Fund regarding the sale of the Advance...

SMG inaugurates HUF 5 bln expansion in Hungary

Indian automotive industry supplier Samvardhana Motherson Group (SMG) inaugurated a HUF 5 billion expansion at its base in Túrkeve (SE...

Ecodome Awarded ’Platinum’ Certification

The 5,000 sqm Ecodome office, located close to the Castle District, has become the third Budapest office complex to be...

Protected Liget Center Changes Hands Again

Wing has purchased the 7,000 sqm Liget Center Office, a protected Hungarian building as an example of Hungarian modernist functional...

Stockpiling before tax changes lifts Zwack profit

After-tax profit of Zwack Unicum, Hungaryʼs best-known spirits maker, rose 20% year-on-year to HUF 2.6 billion in the firmʼs business...

S IMMO starts 2019 with large-scale deals

Vienna-based real estate investment firm S IMMO began 2019 with several large deals on the Budapest market, including the purchase...

GRT Group begins Office Garden IV construction

As part of the expansion of the Office Garden office park, developer the GRT Group has started construction of the...

Alföldi Tej inaugurates HUF 15 bln plant in Debrecen

Hungarian dairy company Alföldi Tej inaugurated a HUF 15 billion cheese and powder manufacturing plant in Debrecen on Tuesday, Hungarian...

Ministry reaches out to SMEs to develop govʼt strategy

The governmentʼs support strategy for SMEs is being developed after extensive social consultations, said State Secretary for Economic Planning and...

Deficit confirmed at 3.9% of full-year target by end of April

Hungary’s general government, excluding local councils, ran a HUF 39 billion deficit at the end of April, reaching just 3.9%...

UkrTransNafta resumes oil deliveries through Druzhba pipeline

Ukraineʼs UkrTransNafta resumed deliveries of Russian crude to Hungary through the Druzhba pipeline on Tuesday after receiving notification from the...

CIG Pannónia Q1 profit falls as premiums revenue stagnates

Insurer CIG Pannóniaʼs first-quarter after-tax profit fell 16% year-on-year to HUF 508 million as revenue from premiums was flat, an...

AutoWallis raises capital in subsidiary

The board of directors of listed company AutoWallis has increased the equity of its subsidiary, Wallis Automotive Europe (WAE) Kft....

K&H Bank Q1 profit falls on one-offs

K&H Bank, the Hungarian unit of Belgiumʼs KBC, had first-quarter after-tax profit of HUF 12.2 billion, down 19% year-on-year, the...

4iG reaches HUF 280 mln after-tax profit in Q1

Listed IT company 4iG had HUF 280.5 million after-tax profit in the first quarter of 2019 compared to a HUF...

Futureal sells Advance Tower to Erste

Property developer the Futureal Group has reached an agreement with Erste Real Estate Fund regarding the sale of the Advance...