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 morning on European stock exchanges was positive, and the BUX was no exception, with the domestic index slightly up by midday. The winner of the day was Alteo following yesterday’s interim report.
uzlet-vallalkozasAccording to the government’s decision, the office building’s permanent purchase agreement will not be binding, after the Magyar Nemzeti Vagyonkezelő (National Property Management) has conducted a comprehensive review of the Bayer Construct project. According to the statement, if the government withdraws from the contract due to the builder’s failure to perform, it will recover the installments of the payment made and double the deposit, and it will also be entitled to claim compensation for non-performance. The issue will also be on the agenda at the Property Investment Forum conference.
uzlet-vallalkozasPalantir’s stock rose in pre-market trading on Tuesday after the company released its second-quarter earnings, which exceeded expectations. The strong performance was driven by the company’s focus on artificial intelligence and sovereignty.
uzlet-vallalkozasSpaceX is increasingly utilizing its own Falcon 9 launch vehicles to deploy Starlink satellites. This poses a significant challenge for competitors and smaller players in the space industry, which have previously largely relied on Elon Musk’s company for launching satellites.
uzlet-vallalkozasThe Tesco’s plans to sell its Central European operations could mark a new phase. According to e15, the British retail chain has already engaged Citigroup and Goldman Sachs to prepare the transaction, and could offer its Hungarian business separately from the Czech and Slovak networks to potential buyers. Tesco has not yet confirmed its plans to sell its regional operations.
uzlet-vallalkozasAccording to a recent Goldman Sachs forecast, the price of Brent crude oil, at $80-$90 per barrel, is likely to remain within that range until a new agreement between the United States and Iran is reached, or if the conflict between the two countries escalates significantly. The analyst believes that the physical supply of crude oil is still shrinking, while the prices currently only reflect moderate risk premiums.
uzlet-vallalkozasScope Ratings downgraded Opus Global’s credit rating as part of its review of the company’s eligibility for participation in the Growth Bond Program, according to an Opus Global statement.
uzlet-vallalkozasThe authorities, however, provide a four-month grace period, so they will not impose fines for any errors until December 31, 2026.
uzlet-vallalkozasThe Central and Eastern European commercial real estate market achieved EUR 5.8 billion in turnover in the first half of 2026, indicating increased investor confidence. However, the growth is selective; investors are only looking for premium properties that provide stable returns and sustainability. According to Colliers, based on the half-year real estate investment data and insights, the company’s three leaders will participate in the Property Investment Forum conference, which is worth registering for.
uzlet-vallalkozasIn a recent episode of Portfolio Checklist, a discussion was held with András Holczhauser, Secretary-General of the Hungarian Sailing Federation, about the economic significance of the Kékszalag race and the challenges associated with organizing it. They also discussed the effects of climate change. The second part of the program analyzed the impact of the energy crisis on the Hungarian economy, as recent growth figures had been encouraging, but upcoming consumption restrictions could lead to unfavorable developments. David Németh, a senior analyst at K&H Bank, also spoke about the new crises affecting the corporate sector.
uzlet-vallalkozasModernizing and insulating buildings in Hungary can significantly reduce energy consumption for heating in winter and cooling in summer, potentially by as much as half. According to the National Association of Construction Contractors, good insulation frees up the electrical grid during the summer and promotes the more efficient use of solar energy. The topic will be a key focus at the Portfolio Property Investment Forum conference.
uzlet-vallalkozasThe Lufthansa has significantly lowered its profit forecasts for the year, as soaring fuel costs, strikes, and shorter booking periods have made the airline’s financial outlook considerably more uncertain than originally expected, according to Bloomberg.