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.
In Budapest, Wing and KPMG have signed the largest office rental agreement of the year, with KPMG receiving a custom-built office building of over 8,000 square meters on Váci Street. The property developer will build the building according to the tenant’s specific needs. This solution is very rare in the Budapest office market. The Wing executives will also attend the Property Investment Forum conference.
The Hungarian bank is carrying out its largest-ever acquisition in Europe, which allows it to enter the euro zone and expand its presence in the Baltic market.
Gergely Karácsony, the Mayor of Budapest, announced that they had obtained the necessary heritage protection permits, which means that the planning for the Városháza Park project can begin. The new, climate-friendly green space will be built on the site of the city hall’s office parking lot, thus enriching Budapest with an open community space. In addition, there will be a discussion about urban development at the Portfolio Property Investment Forum conference, where registration is recommended.
The Metrodom Group continues to operate with a new leadership structure, but it remains focused on developing premium, green, and forward-looking housing. In an interview, Metrodom Group CEO Zsolt Nagy discussed the impact of Otthon Start on the Budapest housing market, the obstacles hindering the development of rental properties, and the urgent need to resolve the 5% housing tax. He also discussed the role of projects in the rust belt and the adaptation of premium projects to climate change.
The Budapest Green Panel program launched in Zugló aims to modernize the energy efficiency of apartment buildings and housing cooperatives in the XIV district. The program will run until October 15, 2026, and consists of two stages. The first stage offers free technical preparation, while significant non-refundable support is provided during implementation. Zugló Mayor, András Rózsa, announced the initiative on Facebook, and also discussed renovation programs at the Portfolio Property Investment Forum conference.
According to analysts, the mood has changed regarding the technology giant, which had previously been considered a laggard in the artificial intelligence race.
The minister emphasized that society always pays a heavy price when the short-term interests of foreign investors and political campaigns override professional considerations.
Starting September 1, there will be changes to the obligations regarding the provision of receipts, and potentially thousands of businesses will be affected.
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