uzlet-vallalkozasAn unexpected weather record was also broken today.
Today, several heat records were broken, but interestingly, a wind record was also broken – according to a HungaroMet Facebook post.
Business, company and property
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Featured Analysis
The Mol announcement was a major surprise – we haven't seen anything like it since 2022.
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.
Latest Dispatches
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uzlet-vallalkozasIt may be possible to travel on the Budapest-Belgrade railway line as early as autumn.
Passenger transport may begin as early as this autumn on the Budapest-Belgrade railway line, provided that the final safety inspections on the Hungarian section are completed successfully, according to Hungarian Transport and Investment Minister David Vitézy and Serbian Transport Minister Aleksandra Sofronijevic, who discussed the issue in Szabadkán on Thursday.
uzlet-vallalkozasMol agrees to the conditions: The fate of a 2 million ton crude oil shipment hangs in the balance
The Croatian oil pipeline operator, Janaf, and the MOL Group have signed an agreement for the supply of 2.05 million tons of crude oil by 2026, according to the Croatian company on Thursday.
uzlet-vallalkozasHere is the announcement: the fate of easyJet is decided.
The American private equity firm Castlelake withdrew its bid to acquire easyJet, which was already responded to by the rival bidder Apollo Global Management: it announced that it would buy the British discount airline.
uzlet-vallalkozasThe Hungarian stock market was down in the afternoon.
The Hungarian stock market closed down 1 percent, underperforming European markets, in the afternoon.
uzlet-vallalkozasCompletion is near: the important city bridge, which will be opened to traffic before the start of the school year,
The asphalt paving of the Flórián street northern overpass will be completed in the coming days, and traffic is expected to fully resume on the currently closed section by the start of the autumn school term, according to the BKK’s website.
uzlet-vallalkozasRecord high and record risk: companies have received a serious warning
The government amended the rules for managing the energy supply crisis on August 1, in response to increasing energy supply risks. The record-low water levels, heat waves, and drought indicate that climate change is already a current problem, which affects domestic energy supply and the regulatory environment. KPMG emphasizes that managing climate risks is an essential part of ensuring the operation and competitiveness of companies. The Portfolio Sustainable World conference will discuss this topic on September 8.
uzlet-vallalkozasDávid Vitézy: Apartments with good infrastructure could be built for 1,000 euros each.
In Budapest, up to 40-50,000 apartments could be built in the existing railway rust belts, such as the Rakosrendező area, the Diákváros area, and the southern part of Kelenföld. Transport and investment minister David Vitéz emphasized that the housing crisis should be addressed not on the outskirts of the city, but on accessible, underutilized state and railway lands. The new apartments have excellent transportation links.
uzlet-vallalkozasThe world's largest alcoholic beverage manufacturer has announced a $1 billion cost reduction.
The world’s largest spirits maker, Diageo, announced a three-year cost-saving program worth $1 billion to restore company performance, which led to a stock price increase of more than 3.4 percent, according to CNBC.
uzlet-vallalkozasWealthy buyers are mass-exiting the capital city - More than 100 million are already buying in the surrounding area.
According to Duna House analysis, the market for properties worth over 100 million forints is increasingly dominated by the Budapest metropolitan area, where affluent buyers are increasingly choosing to live. In Pest County, it is possible to buy a spacious family home with a garden for a similar price compared to the prices in Budapest. The prices of properties and market trends will also be highlighted at the Property Investment Forum conference, so it is advisable to register as soon as possible.
uzlet-vallalkozasIt has started in the right direction, and now fine-tuning can begin - Is it worthwhile to reopen the Hungarian ESG regulations?
Hungary was one of the first EU member states to develop its own sustainability framework, the ESG law, which aims to harmonize sustainability data and prepare SMEs for export market requirements. While the law’s objectives are sound, in practice, the system presents several contradictions, and we often encounter obstacles during implementation that hinder its success.
uzlet-vallalkozasThe famous Hungarian sparkling wine producer, the founder of the legendary Hungarian vineyard, has died.
He died at the age of 85, a legendary winemaker, the founder of the famous local winery, and a defining personality in Hungarian wine and sparkling wine culture.