AGP Executive Report
Last update: 2 hours agoMOL Results: MOL Group reported third-quarter profit before tax of $1.25 billion, supported by strong refining margins, higher gas prices and one-off gains, while weak petrochemicals and regulated fuel prices weighed on performance. Serbian Acquisition: The U.S. has cleared preparatory steps for MOL’s potential purchase of a Russian stake in Serbia’s NIS, but the licence does not authorize completion of the deal. Agriculture: K&H says delayed investment, drought and weak farm-gate prices have deepened the sector’s crisis; its agricultural confidence index fell 18 points to zero, with corn output forecast at roughly half a typical year’s level. Trade Ties: India’s commerce minister wrapped up a Hungary visit focused on boosting trade, investment and cooperation in technology and industrial development. Consumer Market: Hungary’s competition authority fined Auchan HUF 69 million over unclear conditions and validity periods in coupon promotions. Telecoms: Yettel Hungary said its 5G network reached 67.5% of the population in 2025, up 18 percentage points in a year. Battery Oversight: A new national environmental authority, due to launch in 2027, will take on nationwide oversight of battery production and waste management.
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