Our company has been listed in the BSE50 collection of companies by the Budapest Stock Exchange, which presents Hungarian or linked to Hungary companies operating in Hungary that have proven their competence and have achieved a sustainable market position in the long term.
Every year since 2016, the Budapest Stock Exchange selects 50 companies that stand out among Hungarian SMEs based on their activities, successes, and results. The aim of the BSE50 publication, which includes the success stories of companies, is to focus the attention of the Hungarian business community on domestic companies that have achieved outstanding performance, successfully made new steps, and thus continuously increased their competitiveness. The basic criteria for selection are that the given company must have an outstanding track record in its own market that can serve as a basis for future expansion, whether it be through listing, international expansion, corporate development or other investments.
Mihály Varga states, "This publication, now in its eighth edition, provides an insight into one of the most important cross-sections of Hungarian economic life. It presents Hungarian medium-sized companies that demonstrate the decades-long development and improving competitiveness of the Hungarian economy, even in today's challenging times."
This year we are one of the fifty selected! We are particularly proud that among the newly listed companies, Pureco is the only one from the water industry!
The presentation of this year's BSE50 members took place on 26 October at the Budapest Stock Exchange's SME Summit.
The conference, attended by more than 400 guests, featured presentations by the leaders from the MNB, the Budapest Stock Exchange and MNBH on the state of the global financial market, the opportunities in the Hungarian economy and the domestic corporate sector, global capital market trends and the state of the domestic economy, BSE's achievements and successes in recent years, the state of the mid-cap credit market and the outlook for the coming year, and thoughts on the corporate finance instrument system and the importance of the capital market.
We were one of the lucky fifty newly selected companies to be introduced to visitors at the event, in a panel discussion.
Bálint Horváth, Managing Director of Pureco, was the first panellist to introduce the company and explained that its success lies in continuous improvement, forward-thinking and adaptation, and the adaptability of its technologies and products to the site.
Asked by the moderator what is involved in maintaining a sustainable competitive advantage, he said, "Pureco's activities are always locally driven.
For rural communities in developing countries where, for example, there is no healthy drinking water and no wastewater treatment, but there is no time to develop systems, we offer products and technologies that can be installed quickly and immediately to solve the existing problems."
In his speech, Bálint Horváth highlighted the importance of proactivity and creativity. While in Europe direct selling has a well-established history and works well, professional-diplomatic backup is essential to enter into foreign markets. He stressed that Pureco believes in long-term solutions, offering answers to water challenges at home and abroad that are not only built but can be operated with the involvement of local professionals.
In doing so, we also create jobs and a better, more sustainable quality of life in our regions. In addition, cooperation is needed to maintain existing competitive advantages.
The competitive advantage provided by Pureco's unique technologies is enhanced by the fact that we are constantly developing and perfecting solutions. With the establishment of the Hungarian Water Partnership (HWP), we aim to better exploit competitive advantages through cooperation with other domestic exportable water companies.
The Pureco BSE50 release can be found here: https://bet50.hu/bet502023/pureco-kft
We are proud to have been included in the Stock Exchange's own publication of competitive Hungarian companies in 2023! This is a common success of all our colleagues!
