Tag: companies

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Are vehicle plants in Hungary at risk? - Why? It's really worth operating here!

May 17, 2019, 2:11 pm
A report by German daily newspaper Handelsblatt on Sunday caused quite a ruckus, as it said multiplying challenges are forcing luxury carmakers BMW and Daimler to make cutbacks which will negatively affect... 

Csányi's Bonafarm to invest over EUR 300 million in Hungary

May 17, 2019, 8:24 am
Hungarian agribusiness Bonafarm, an interest of OTP Bank Chairman-CEO Sándor Csányi, plans to carry out efficiency-boosting and capacity expansion projects worth nearly 100 billion forints (EUR 308.5 mn)... 

BMW assures Hungary factory plans unaffected by sector woes

May 16, 2019, 5:02 pm
German carmaker BMW has assured Hungary that its investment in a new factory in the eastern part of the country (Debrecen) remains on track, the cabinet said on Thursday, reacting to a German press report... 

Digitalisation, young people can bring about next overhaul of financial sector

May 16, 2019, 2:48 pm
The digital revolution has appeared in the financial sector as well, after having disrupted the media and musical industries. In order to stay competitive, employers will have to develop their back-end... 

Three large U.S. enterprises to expand operations in Hungary

May 16, 2019, 9:31 am
Three large U.S. enterprises, ExxonMobil, National Instruments and Flowserve have decided to expand their operation in Hungary, announced Minister of Foreign Affairs and Trade Péter Szijjártó on Thursday.... 

Expansion of Mercedes plant in Hungary suspended

May 15, 2019, 10:24 am
The expansion of the Mercedes plant in Kecskemét, Hungary has been put on hold temporarily, local news portal index.hu learned from Daimler’s headquarters in Stuttgart, Germany. A report by Germany... 

German multinational firm with Hungarian operation starts layoffs

May 14, 2019, 3:58 pm
Automotive industry supplier Mahle, which also operates in Hungary, is starting a cost-cutting scheme. The fourth-largest German supplier is axing every tenth position at its headquarters in Stuttgart... 

Japanes companies mull investing hundreds of billions of forints in Hungary

May 14, 2019, 3:15 pm
An administrative state secretary of Hungary’s Ministry of Foreign Affairs and Trade has held talks with Japanese companies that plan investments worth several hundred billion forints combined. ... 

Hungarian fund managers divided over Mol

May 13, 2019, 3:37 pm
Benchmark stock indices rose on both sides of the Atlantic Ocean. The general index of the Budapest Stock Exchange (BSE) reached a new all-time high amidst the buoyant sentiment, although its momentum... 

German carmakers may rivisit expansion plans - paper

May 13, 2019, 1:05 pm
BMW and Daimler are forced to make some cutbacks therefore they will need to water down plans for the expansion of production in Hungary, German business daily Handelsblatt reported on Sunday. The article... 

German multinational to invest nearly EUR 100 mn in Hungarian plant

May 10, 2019, 3:53 pm
Germany’s Infineon Technologies AG, a world leader in semiconductor solutions, is to invest 32 billion forints (EUR 98.9 mn) in its Cegléd-based plant in Hungary. The development project will create... 

Slovenia's central bank green-lights Mol takeover bid for Slovnaft

May 10, 2019, 11:01 am
The National Bank of Slovenia (NBS) has approved the voluntary public offer Hungarian fuels group Mol made to the shareholders of Slovnaft for all outstanding shares not yet held by Mol. Through this... 

Hungary Richter profit leaps in the first quarter of 2019

May 10, 2019, 10:00 am
Gedeon Richter, Hungary’s leading drugs producer, beat the consensus estimates of analysts polled by Portfolio both in terms of revenues and gross profit in the first quarter of 2019. As for the... 

Bulgarian, Ukrainian operations drive OTP earnings higher

May 10, 2019, 9:47 am
Hungary’s OTP Bank boosted its profit considerably in the first quarter of 2019 compared to Q1 2018. Now the bank’s books already include the numbers of the recently acquired Bulgarian Expressbank... 

Magyar Telekom records splendid first-quarter revenues

May 9, 2019, 3:40 pm
Magyar Telekom, Hungary’s leading telecommunications group, had a great start in 2019, as regards its revenues. It has recorded growth in every segment, driven mainly by equipment sales and mobile... 

OTP to report further growth in Q1 profits - analysts

May 9, 2019, 10:57 am
Hungary’s OTP Bank is to release its earnings report for the first quarter of 2019 early on Friday. Analysts project an increase in key earnings. OTP is expected to report further year increase... 

Hungary's Richter to report impressive profit growth for Q1

May 8, 2019, 5:01 pm
Gedeon Richter, Hungary’s leading drug maker, is set to release its earnings report for the first quarter of 2019 early on Friday. The median forecast of analysts polled by Portfolio shows a 5.5%... 

Erste Hungary starts 2019 with robust results

May 7, 2019, 5:25 pm
Including the payment of the bank tax for the full year, Erste Bank Hungary posted 9.4 billion forint pre-tax profit in the first quarter of 2019, also recording a major expansion of its loan portfolio.... 

Hungary's Magyar Telekom has no problem with sales

May 7, 2019, 8:28 am
Hungary’s leading telecommunications group, Magyar Telekom, is set to publish its earnings report for the first quarter of 2019 after the closing bell on the Budapest Stock Exchange (BSE) on 8 May.... 

Orbán's dream? 'Team Csányi' has already done it!

May 6, 2019, 4:59 pm
OTP will buy one more bank and then rest some, Chairman-CEO Sándor Csányi has said recently, suggesting that the acquisition tour started in 2014, in which Hungary’s largest lender acquired ten financial... 
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