Tag: companies

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Continental plans no mass layoff at Makó plant

April 8, 2019, 10:01 am
A rumour surfaced at the Makó-based plant of automotive supplier Continental that due to the hardships of the sector the company plans a major downsizing, daily newspaper Délmagyar reported on Monday.... 

Bulgaria awards pipeline deal to Saudi company

April 4, 2019, 10:30 am
Bulgaria has picked a Saudi-led consortium to build a 474-kilometer (295-mile) natural gas pipeline, part of a grid upgrade designed to help transfer Russian gas from Turkey to central Europe. Hungarian... 

Duna House releases first-quarter earnings figures

April 4, 2019, 8:37 am
The franchise real estate brokerage arm of Hungary’s Duna House Group grew in the first quarter of 2019, while the own office segment weakened. The loan intermediation business line has doubled its... 

4iG rumoured to be eyeing T-Systems Hungary

April 3, 2019, 10:12 am
There is a rumour on the Hungarian market that 4iG, an interest of Lőrinc Mészáros, a billionaire ally of Prime Minister Viktor Orbán, is eying T-Systems Hungary, the infocommunciations arm of Magyar Telekom.... 

BKV staff will not go on strike

April 2, 2019, 4:32 pm
There will be no strike at the Budapest Transport Company (BKV), said the President of the United Transportation Trade Union (EKSZ) after leaving the location where extraordinary negotiations have taken... 

Hungary Mol has good news about its refineries

April 2, 2019, 2:10 pm
Hungarian Mol Group’s refinery margin has risen further from 2.2 USD/bbl in January and 3.0 USD/bbl in February to 4.2 USD/bbl in March, the energy group said on Tuesday. Mol has published its... 

U.S.-based multinational company opens service centre in Budapest

April 2, 2019, 12:17 pm
International Flavors & Fragrances Inc. has announced on Tuesday that it has opened its new global service center in Budapest, Hungary, consolidating key finance processes for its worldwide operations.... 

Wizz Air share price soars on good news

April 2, 2019, 11:34 am
Wizz Air’s share price has jumped more than 4% early on Tuesday on the London Stock Exchange, after the Hungary-based no-frills airline said its financial year ended on 31 March was in line with... 

Hungary Mol venture capital fund makes record investment

April 1, 2019, 12:33 pm
Enter Tomorrow Europe capital fund has carried out the largest foreign venture capital investment from Hungarian source of the last few years. Lead Ventures, a Budapest-based venture capital firm invested... 

Hungary OTP closes bank acquisition in Albania

April 1, 2019, 8:26 am
OTP Bank, Hungary’s largest bank by assets, has announced on Monday that on 29 March 2019 the financial closure of the Albanian transaction has been completed. As a result, OTP Bank has become... 

Hungary PM Orbán meets Deutsche Telekom CEO

March 29, 2019, 5:23 pm
Hungary’s Prime Minister Viktor Orbán has received in his office Timotheus Höttges, Chief Executive of Deutsche Telekom (DT), Srini Gopalan, Deputy CEO in charge of Europe, and Tibor Rékasi, CEO... 

Apple takes mobile payment to a new level - What are tech giants up to?

March 29, 2019, 9:03 am
It has been recently announced that Apple and Goldman Sachs will introduce a new joint credit card that will not only offer cash back on purchases but which is also paired with new iPhone features that... 

Hungary's Richter buys minority stake in U.S. company

March 27, 2019, 8:09 am
Gedeon Richter Plc., Hungary’s leading pharmaceutical producer, has announced on Wednesday that it underwrote convertible notes issued by Prima-Temp Inc. for a consideration of 5 million US dollars.... 

Exclusive details about one of the largest investments in Hungarian history

March 26, 2019, 9:07 am
Germany’s Fakt AG could obtain its possession in Bezenye, western Hungary in the summer, but until then the network of project companies and suppliers is being put together. A whole new city could... 

Hungarian mineral water producer to expand capacity

March 25, 2019, 10:03 am
Hungarian mineral water maker producer Phoenix-Drink Ltd. is expanding its capacity with two new halls and new, innovative tools in Soltvadkert from a nearly 400 million forint EU subsidy, the company’s... 

ANALYST VIEW - J.P. Morgan ups traget price for Hungary's OTP

March 25, 2019, 9:05 am
J.P. Morgan has raised its target price for Hungary’s OTP Bank to HUF 15,500 from HUF 15,000 previously. The new TP is 20.5% higher than the Hungarian banking stock’s closing price on Friday.... 

Raiffeisen's Hungarian operation ignites rockets

March 22, 2019, 3:45 pm
The Hungarian operation of Austria’s Raiffeisen Bank International (RBI) posted 23 billion forint (EUR 72.82 mn) profit in 2018, while increasing its total income by 6% and its loan portfolio by... 

Hungary Richter to pay HUF 100 dividend per share

March 22, 2019, 9:07 am
Gedeon Richter, Hungary’s leading pharmaceutical producer, is to hold its annual general meeting on 24 April 2019 (at 2 P.M.), according to the invitation to the AGM published on Friday. The Board... 

Strike ends at Hungarian Hankook plant

March 22, 2019, 8:11 am
Workers at the Hungarian operation of South Korean tyre maker Hankook have called off their strike on its tenth day late on Thursday, the Trade Union of Petrochemical Workers (VDSZ) announced on its Facebook... 

Hungary's 3rd largest investment project could be a gigantic property deal

March 21, 2019, 5:24 pm
Germany’s Fakt AG is to embark on a one billion euro investment project in western Hungary to create Europe’s most advanced horticultural production processing and logistics centre in Hegyeshalom/Bezenye.... 
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