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.
Mercedes-Benz’ second-quarter operating profit increased thanks to cost reductions and strong performance in the van and financing segments. However, profitability in the passenger car segment continued to decline, and sales in China fell by 30 percent. As a result, the company has revised down its volume and revenue forecasts for the year. BMW and Volkswagen have also revised their forecasts in recent weeks.
The uncertainty regarding the water level and ecological state of Lake Velence has not yet caused a general price increase in the surrounding real estate market, according to a recent analysis by ingatlan.com: for example, interest in vacation homes has fallen by more than 26 percent in one year.
The growing trend of environmentally friendly jams well reflects the impact of the EU’s Empowering Consumers for the Green Transition (EmpCo) directive on companies’ sustainability communication. More and more companies are focusing on showcasing their environmental and sustainability achievements, such as energy efficiency investments and the use of recycled packaging. However, due to stricter regulations, some companies have stopped communicating about their achieved results.
The week began on the markets with a positive mood, as tensions between the United States and Iran eased, with Iran indicating that it would suspend its attacks if the US also did so. This led to a decrease in oil prices and a positive start to the week for the stock markets. However, the initial rise on US stock markets soon slowed down, with technology stocks under pressure. By the end of the day, the S&P 500 closed more favorably. Germany also released its IFO economic climate index, while the US reported data on durable goods orders.
The BUX index rose by 0.7 percent, and is above the 20, 50 and 200-day moving averages, indicating an upward trend. Among the blue chips, Magyar Telekom, OTP and Richter performed well, while Mol’s value decreased. In the midcap segment, Rába and Masterplast achieved 3.6 and 3.0 percent growth, respectively. OTP led the trading volume with a value of 11.7 billion forints.
On Monday, July 27, 2026, the entire island of Óbudai-sziget will be closed due to preparations for the Sziget Festival. The area will be inaccessible from Sunday, July 26, at 8 PM to Saturday, August 22, at 8 AM, except for events taking place on the Óbudai-sziget island. The construction of the festival began this year later than usual, on July 20th.
The Hungarian state purchases 17 office buildings for 6 billion forints without VAT from businessmen, including Tiborcz István, Garancsi István, and Balázs Attila. The rush to accept these offers is due to the political pressure exerted by the defeated Fidesz government in its final period, as it had concluded 118 million forints worth of purchase agreements with the state asset management company in two months before the April elections.
The positive mood continued on the Hungarian stock exchange in the late afternoon. Among the major stocks, Richter performed the best, while only the Mol share price remained in the negative.
The Gránit Pólus Group has renewed the financing of the Westend building complex with a green loan worth 290 million euros, the company announced. This is the largest volume real estate refinancing deal in Hungary in the past 5 years, and it is also a record among domestic real estate transactions linked to a single property.
uzlet-vallalkozas
