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 statement by the Eli Lilly pharmaceutical company on Thursday, two further Phase III clinical trials have also yielded positive results for the experimental obesity treatment, retatrutide, and the company plans to submit an application for market authorization to the U.S. Food and Drug Administration (FDA) in the first quarter of 2026.
According to the National Highway Traffic Safety Administration (NHTSA), BMW is recalling more than 318,000 vehicles in the United States because certain vehicles have a risk of the starter motor overheating, which could cause a fire.
Raiffeisen Bank International (RBI) announced on Thursday that it will file a lawsuit in Austria against the Russian company Rasperia, which is subject to EU sanctions, seeking to seize the company’s frozen assets. The lawsuit is worth approximately 3.15 billion euros, or around 3.58 billion dollars.
I met Toshihiro Suzuki, the global president and CEO of Suzuki, in my office - Prime Minister Peter Magyar announced on his Facebook page. This news was previously reported by MTI, stating that Viktor Orbán, the leader of Fidesz, met with Toshihiro Suzuki, the global president and CEO of Suzuki, and a company delegation on Thursday at the Fidesz headquarters.
The European automotive market ended the first half of the year with strong growth, with new car registrations increasing by 13.6% in June, and 5.7% over the first six months. This growth was driven by electric and hybrid models, while the share of gasoline and diesel cars decreased. The Hungarian automotive market exceeded the EU average, with Chinese manufacturers particularly performing well.
Soon, the winner of the title of “CFO of the Year” in Hungary will be announced. The deadline to apply for the title of “CFO of the Year 2026” is September 15, and the award will be presented at the Portfolio Future of Finance 2026 conference on September 23.
The European Commission has fined Google 890 million euros for violating regulations on digital markets. The Commission found that Google favored its own services in its search engine and limited the ability of app developers to direct users to cheaper purchasing channels through the Google Play store. The fine is split between 460 million euros for favoring its own services and 430 million euros for limiting redirection.
The Romanian land registry and property registration agency (ANCPI) was the victim of a cyberattack. After the authorities refused to pay the ransom, the attacker deleted the entire land registry database. Although the incident has paralyzed the property market nationwide, the lost data can be gradually restored thanks to an offline backup, as reported by 24.hu.
In July, the mood of both consumers and businesses in Hungary further improved, which resulted in the GKI’s business climate index reaching a four-and-a-half-year high.
The Green Awards, powered by Green Cloud, is being held for the fifth time, recognizing outstanding corporate and organizational performance in sustainability. Registration is open until August 3, 2026, and the winners will be announced on September 8, 2026, at the Sustainable World 2026 conference. The opportunity to register is available to companies, institutions, and organizations, as well as others who can nominate. Discussions were held with representatives from Green Cloud about this year’s awards.
Demand for travel insurance among Hungarians has increased, and fewer people are choosing based on price. Analyzing nearly 400,000 travel insurance contracts, Netrisk found that 9 out of 10 travelers considered the quality of the service to be the most important factor, while the proportion of the cheapest options was only 3 percent. The company launched its own insurance plan with different price categories to encourage quality competition.
Portfolio.hu - Üzlet·
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