Tag: companies

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Audi workers may go on strike in days if no wage deal is reached

January 15, 2019, 1:22 pm
The Audi Hungarian Independent Trade Union (AHFSZ) turned down the company’s latest wage hike proposal in a unanimous vote on Monday and formed a strike committee, kisalfold.hu reported. The report... 

Sberbank profit jumps in 2018

January 15, 2019, 11:29 am
Sberbank, the largest bank of Russia, increased its after-tax profit by over 20% year on year in 2018. The bank reported on Tuesday that its profit rose 20.3% yr/yr to 811 million roubles (1 RUB is... 

Hungary Mol G-CEO exercises call option

January 15, 2019, 11:04 am
József Molnár, Group CEO of Hungarian energy company Mol, has announced he has exercised a cash-settled call option related to Mol ordinary shares under the framework of the long-term management stock... 

Legendary Hungarian company on the brink of collapse

January 14, 2019, 9:48 am
Hungary’s Szarvas Iron and Metal Works Zrt., which produces coffee makers and lamps also for Ikea, is in deep trouble. The company has laid off more than 200 employees since the summer, business... 

EUR 43 million investment announced in Hungary

January 11, 2019, 1:46 pm
Germany’s Bosch is to launch an investment project worth over 14 billion forints (EUR 43.56 million) at the Miskolc-based (northern Hungary) plant of Robert Bosch Energy and Body Systems Ltd. In... 

Budapest Airport embarks on major development project

January 11, 2019, 9:42 am
The number of passengers handled by Budapest Airport grew by 13.5% year on year in 2018 after an increase of 14.5% in 2017. This translates into a growth of 1.8 million passengers to almost 14.87 million.... 

Spar Hungary raises wages, says no to 400 hours of overtime work

January 10, 2019, 4:50 pm
Spar Hungary has agreed with the Trade Union of Retail Employees (KASZ) on 2019 wages. Under the agreement, most of the company’s employees will have a salary bump as of this year, and the rules... 

Workers might go on strike at Hungarian Audi

January 9, 2019, 5:40 pm
The wage negotiating delegation of the Audi Hungarian Independent Trade Union (AHFSZ) has initiated the setting up of a strike committee. The wage negotiating delegation of the AHFSZ, expanded by the... 

Mol-INA case: Croatian move might signal a turnaround

January 9, 2019, 5:12 pm
The Croatian government is amending the privatisation law regarding INA and giving up its special rights in the oil company, local daily newspaper Jutarnji List reported on Wednesday. The paper interpreted... 

SEAT delivers most cars ever in 2018

January 8, 2019, 1:44 pm
Seat delivered 10.5% more vehicles in 2018 than in 2017, which is the largest sales volume in the company’s 68-year history and exceeds the record set in 2000. Seat sold 517,600 cars in 2018... 

Hungary signs strategic partnership deal with Tungsram

January 7, 2019, 4:30 pm
The Hungarian Government and Tungsram have concluded a strategic partnership agreement on Monday. The agreement was signed by Minister of Foreign Affairs and Trade Péter Szijjártó and President and CEO... 

Here are the favourite stocks of Hungarian fund managers

January 4, 2019, 9:01 am
The last month of 2018 brought extraordinary days to capital markets. Markets overseas closed December considerably lower due to concerns about the prospects of economic growth and uncertainties caused... 

Hungary's top brokerages: Concorde reclaims throne

January 3, 2019, 8:19 am
In line with the seasonal trends, turnover on the Budapest Stock Exchange (BSE) decreased in December 2018 compared to November, but the change was not major compared to the same month of 2017, the latest... 

Mészáros overtakes Csányi as richest Hungarian - Forbes

December 28, 2018, 1:18 pm
Lőrinc Mészáros, the emerging business tycoon with close ties to Prime Minister Viktor Orbán, has replaced OTP Bank president Sándor Csányi at the top of Forbes magazine's annual ranking of richest Hungarians... 

Graphisoft founder transfers shares

December 27, 2018, 11:12 am
Péter Hornung, founder and board member of publicly traded property developer Graphisoft Park SE, transferred all of his 414,000 shares to trustee HFT Holding Zrt. for trust property management, the company... 

Samsung, Raiffeisen sign EUR 200 mn loan deal in Hungary

December 21, 2018, 5:07 pm
Samsung SDI Hungary took out an EUR 200 million (nearly HUF 65 billion) loan from the local operation of Raiffeisen Bank for investments at its manufacturing plant in Göd, near Budapest. The deal was signed... 

Hungary buys Airbus missile defence system

December 20, 2018, 5:40 pm
Airbus Defence and Space will install a Surface-to-Air Missile Operations Center (SAMOC) for the Hungarian Airforce, which will allow real-time coordination of Ground Based Air Defence (GBAD) in the entire... 

Budapest Stock Exchange to delist KEG shares

December 20, 2018, 1:32 pm
The National Bank of Hungary (MNB) has ordered the shares of Central European Gas Terminal (KEG) Nyrt., a company currently under liquidation, to be delisted as of December 18, 2018 for legal violations... 

Hungary's OTP buys Serbian bank

December 20, 2018, 10:04 am
OTP Bank has acquired a 100% stake in Societe Generale Banka Srbija and its affiliates, OTP announced on Thursday. SGS is the fourth largest bank in Serbia, with a 8.4% market share by balance sheet... 

Mol to lower fuel prices

December 19, 2018, 6:55 pm
Hungarian oil company Mol will lower the gross price of diesel fuel by HUF 3 as of Friday, while leaving the price of 95-octane gasoline unchanged. Diesel will cost HUF 385 per litre and gasoline HUF... 
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