Mol achieved significant performance in the second quarter of 2023, which was not seen since the 2022 energy crisis. The Downstream segment reached a record high, due to increased margins, normalized product supply, and the return of Russian oil. The Upstream segment also achieved strong results, making the third quarter the strongest in the period, with net profit exceeding analyst expectations by nearly 60 percent. The reasons and sustainability will also be examined.
According to a notification received from the European Union’s Rapid Alert System for Food and Feed (RASFF), the ingredient treakreatin-malate was identified in certain dietary supplements. The affected products were sold in the Shopbuilder online store operated by BioTechUSA Kft., according to the National Trade and Consumer Protection Authority.
BMW is launching a voluntary early retirement program for thousands of its German employees in order to become more competitive against Chinese manufacturers. The majority of the planned worldwide reduction of approximately 8,000 employees will come from layoffs in Germany, affecting roughly 5 percent of the company’s total workforce, according to Bloomberg.
The official website of the European Union dealing with space policy and space programs has published impressive satellite images showing the low water level in the Danube Bend, comparing the current situation with the previous year.
Experts have already analyzed the domestic drought situation based on several criteria, but now the Groupama Insurance company has also reported damage claims in the billions, the company announced.
The Association for the Together Vas County, which is urging the early construction of the M87 highway, contacted Transport Minister David Vitézy in a letter, the organization announced to MTI on Wednesday.
The European Union has approved the first major revision of its artificial intelligence (AI) regulation, the Digital Omnibus AI package, which extends the deadlines for certain obligations. This change was also highlighted by Council Member of Science and Technology, Zoltán, in a Facebook post.
A leadership of Signal Iduna Zrt. is changing: with the approval of the MNB, Péter Bogdánffy (pictured) will take over the leadership starting January 1, 2027.
Porsche has shifted its sales towards higher-margin 911 sports cars, which helped the luxury car manufacturer maintain profitability and meet its annual targets, according to Bloomberg.
The Mercedes plant in Kecskemet operates with approximately 70 percent lower costs than the company’s German factories, according to the company’s calculations, writes Welt. This significant difference plays an increasingly important role in Mercedes’ production strategy, while the German automaker is trying to respond to industry challenges with further cost reductions and reorganization of production.
According to the latest analysis by zenga.hu, the number of cars in Hungary is constantly increasing, while the number of parking spaces in public areas is barely changing. This means that having a private garage or parking space is no longer just a convenience, but a valuable asset. The analysis also highlighted that the rental income from garages is currently not higher than the rental income from apartments.
It is important that tenants always have a valid rental agreement for the rented apartment, and it is advisable to document the payment of the monthly rent. The simplest way is for tenants to pay by bank transfer and to indicate the date and rental amount in the reference field, according to the National Tax and Customs Authority (NAV), which announced this to MTI on Wednesday.
The Kospi index in South Korea fell by 11 percent, mainly due to the sharp decline in the shares of Samsung and SK Hynix. In Europe, investors became uncertain after an initial positive mood. In the United States, chip stocks, such as Micron, SanDisk, Amkor, Dell, and Intel, continue to experience sharp declines. The upcoming earnings reports of major technology companies will play a key role in the future outlook for chip stocks.
Portfolio.hu - Üzlet·
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