275 articles
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.
uzlet-vallalkozasThe US Senate’s commerce committee on Wednesday approved the two-party bill that would ban Chinese automakers from the US market. Texas Republican Senator Ted Cruz, who chairs the committee, has warned that the regulations could inadvertently prevent the sale of Mercedes-Benz vehicles in the US, CNBC reported.
uzlet-vallalkozasThe leading fintech company in Europe, Revolut, has begun selling secondary shares, according to the company’s spokesperson, who confirmed the information to the Reuters news agency. The transaction values the company at 11.5 billion dollars.
uzlet-vallalkozasSchroders Capital continues to expand its European real estate lending activities, providing financing worth 362 million Danish crowns (approximately 48.4 million euros) for two residential property developments in Denmark. This move strengthens the asset manager’s position in the residential sector and the Scandinavian market. At the conference, the Property Investment Forum, the potential attractiveness of loans for residential property developments in Hungary will be discussed.
uzlet-vallalkozasThe Budapest University of Technology and Economics has launched a comprehensive development program focused on the energy and mechanical modernization of historical buildings, as well as the modernization of public spaces. The projects take into account the requirements of heritage preservation, current educational and student needs, and cost-effective operation. The goal is to create a modern and functional university environment.
uzlet-vallalkozasIn the European Union, railway development is a priority, and Hungary is also participating in this process. The government plans to invest 3550 billion forints over the next 10 years to develop the railway network, connect cities, promote sustainability, and increase competitiveness. The announcement was made on Wednesday by the Prime Minister and the Minister of Regional Development at an Miskolc railway station.
uzlet-vallalkozasIn the first half of this year, the domestic real estate investment market turnover amounted to 462 million euros, according to a CBRE Hungary LinkedIn post. The CBRE Hungary Investment Properties team was involved in approximately 60 percent of the transactions. Gábor Borbély, CBRE’s research director, will also be a speaker at our Property Investment Forum conference.
uzlet-vallalkozasTo alleviate the housing crisis, utilizing unused basement and cellar spaces would be a solution, but strict regulations hinder this. Modern building equipment can already handle previous problems, but the Ministry of Transport and Investment does not plan to relax the regulations. The topic of housing will also be discussed at the Portfolio Property Investment Forum conference, so it is worth attending!
uzlet-vallalkozasThe domestic modern industrial and logistics real estate market expanded to over 6.5 million square meters by the second quarter of 2026. Approximately 118,000 square meters of new warehouse space were completed, while demand from tenants in the capital city decreased slightly. Nevertheless, the vacancy rate generally improved. The industrial real estate market remains a central focus, and the topic is also discussed at the Portfolio Property Investment Forum conference.
uzlet-vallalkozasTwo trams collided in Budapest’s 2nd district, on Hűvösvölgyi út, on Tuesday – the disaster management service reported.
uzlet-vallalkozasThe cleaning of streets in Sopron affected by asbestos contamination continues, and the city government is taking decisive and swift steps to resolve the issue of Austrian asbestos contamination, as written in a Facebook post by Ciprián Farkas, Mayor of Sopron.
uzlet-vallalkozasIn Hungary, the debate about housing primarily focuses on new constructions. This is an important issue, but it misdirects the overall assessment: the key question for the next 30-50 years is not just how many houses will be built, but rather who will maintain, renovate, and make energy-efficient the existing housing stock, and in what professional system.
uzlet-vallalkozasPreparatory work for the new traffic flow arrangement associated with the expansion of the M1 highway has begun on the section leading to Budapest. The goal is to redirect all traffic to this expanded section of the highway by autumn 2026, while two-lane traffic in each direction will be maintained throughout the construction period, according to MKIF Zrt., as announced on its Facebook page.