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.
The Sziget Festival can operate independently of the national power grid thanks to its own aggregation system, according to organizers, making the event not a threat to Hungary’s energy supply.
A recent McKinsey analysis shows that artificial intelligence can fundamentally transform the economic structure of the insurance industry. After a period of stagnation, the technology can unleash forces that globalization and digitalization could not. The role of the insurance sector globally is shrinking, while the risk environment becomes more complex. AI creates new risks, but also provides tools for targeting previously inaccessible markets. The Portfolio Future of Finance 2026 conference will delve deeper into this topic.
Soon, the winner of the title of “Best Corporate Financial and Economic Leader in Hungary” will be announced. Applications for the “CFO of the Year 2026” award can be submitted until September 15th, and the award will be presented at the Portfolio Future of Finance 2026 conference on September 23rd.
Tesla in Hungary encourages charging electric cars outside peak hours with a significant price difference. From August 2nd, Tesla owners and users with discounted rates will be able to charge for 80 forints between 23 and 17, while the price will increase to 200 forints in the evening. This step is a response to the extraordinary situation of the Hungarian electricity system.
Due to further decrease in the water level of the Danube, the last operational unit at the Paks Nuclear Power Plant will be shut down at 1:30 AM, Prime Minister Peter Magyar announced on Facebook.
The regulation has been published, which allows for the disconnection of industrial high-consumption users from the electricity supply if they do not implement the required consumption reduction, according to Prime Minister Peter Magyar.
Although wages have increased significantly everywhere in the last year, this has not led to clear progress in the housing market. According to Portfolio data, property prices have increased dramatically in smaller towns and cities, making it more difficult to buy a home in many places. At the same time, renters are in a better position, as wages have increased more quickly than rent. The analysis shows how many years of salary are needed to buy a home and how much money is spent on rent.
On Friday, most Asian stock markets rose, supported by a positive investor mood driven by a surge in technology stocks and improved confidence in investments in artificial intelligence. In South Korea, chipmakers saw a significant rally, while the semiconductor sector in Japan rose after the central bank did not change its monetary policy. European and American stock markets also rose moderately.
The Serbian president expects that the agreement regarding the sale of a Serbian oil company (NIS) stake to Hungarian Mol and Russian GazpromNeft will be finalized within a few days.
Unknown individuals have sent thousands of fraudulent, phishing emails impersonating the Semmelweis University, the institution announced to MTI on Friday.
Appeninn Ltd. announced that it has completed the acquisition of the retail portfolio of Dekada S.A., which operates in 11 cities and has a total of approximately 53,000 square meters of rentable space. The transaction, which includes seven retail parks and four shopping centers, is significant on the Polish real estate market, with a value exceeding 100 million euros.
Portfolio.hu - Ingatlan·
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