Deals

Deals

ING Biztosító renamed as NN Biztosító

ING Group’s Hungarian insurance unit ING Biztosító changed its name to NN Biztosító as of today, the company told Hungarian...

Deals

MKB losses grow to HUF 148 bln in 2014

MKB Bankʼs after-tax loss grew to HUF 148.1 bln last year on the impact of borrowers relief legislation and write-downs...

Deals

Eston International expands portfolio by 57,000 sqm

Eston International’s portfolio has expanded by 57,000 sqm as a result of exclusively contracting with CPI Property Group’s three office...

Deals

MOL completes TVK squeeze-out

Hungarian oil and gas company MOL has completed a squeeze-out for shares of TVK petrochemicals company, MOL said early today....

Deals

Easter holiday set to lift retail sales HUF 60 bln

Retail sales in the run-up to the Easter holiday are expected to rise by about the same amount as last...

Deals

Official: PM acted before receiving Tarsoly’s letter

Although Hungary’s Prime Minister Viktor Orbán did receive a letter from Csaba Tarsoly, CEO of the now insolvent brokerage Quaestor,...

Deals

Some HUF 68bn of Buda-Cash assets seized

Some HUF 68 bln in Buda-Cash assets have been secured to provide compensation for the brokerage’s clients who suffered damages...

Deals

PM: I told ministries to withdraw from Quaestor

Hungary’s Prime Minister Viktor Orbán today said that he personally urged government ministries to withdraw their money from Quaestor investment...

Deals

Easter sweets sales expected to increase 3-5%

Sándor Sánta, head of Hungarian Sweets Makers Association, expects sales of Easter sweets to jump 3-5% this year, exceeding last...

Deals

EY to increase headcount in Hungary by 100

EY is expanding in Hungary in the coming fiscal year and is expected to increase headcount by 100. The new...

Deals

Ministry: We did not have insider information in Quaestor case

Although a state company within the Ministry of Foreign Affairs pulled out of Quaestor just days before the investment house...

Deals

Government to upgrade Tapolca hospital

The struggling hospital in Tapolca, western Hungary, which was downsized a few years ago due to overcapacity, has now become...

Deals

MNB cuts base rate by 15 bp

The National Bank of Hungaryʼs (MNB) Monetary Council decided at a policy meeting today to reduce the central bankʼs base...

Deals

Hungary leads clinical trials in Europe

The annual average of Hungarians participating as patients in clinical tests is somewhere between 15,000 and 20,000 the chairman of...

Deals

Quaestor owner says no assets stripped from group

Quaestor Group majority owner Csaba Tarsoly (pictured) told Hungarian news agency MTI yesterday that despite news reports, no assets had...

Deals

Logicor Announces Sale of Operations in Hungary to Sino Logistics

Logicor announced the sale of its Hungarian operations to Sino Logistics. The transaction includes the company's local real estate portfolio...

Deals

Wizz Air Becomes Official Partner of Sziget 2026 Festival

Wizz Air has become the official partner of Sziget 2026, the company announced. Under the agreement, Wizz Air flights will...

MOL Gets U.S. Clearance for Preparatory Steps in NIS Acquisition

MOL has received a U.S. sanctions license authorizing certain preparatory transactions related to its potential acquisition of a stake in...

Serbia Says MOL Deal for NIS Stake Signed; MOL Reports No Disclosure Update

A contract for MOL’s acquisition of a stake in Serbian oil and gas company NIS from Russia’s Gazprom Neft has...

Szentkirályi to Take Over Almdudler Distribution in Hungary From January.

Szentkirályi Magyarország is set to take over Hungarian distribution of popular Austrian herbal soft drink Almdudler on January 1, 2027....

O3 Partners Plans Minority Stake in Impact Ventures Under Strategic Partnership

O3 Partners N.V. and Impact Ventures Venture Capital Fund Management Plc., together with its owner, have signed a memorandum of...

Duna Group Opens Door to Hungarian State Stake in Controversial African Road Project

Duna Group, one of the construction companies that became a major player in Hungary during the Orbán era, remains open...

Continest Expands French Operations With First Strategic Partner

Continest Technologies Plc.’s rental division has established its first strategic partner in France, strengthening the company’s presence and expanding access...

Hungary’s Liwo Group Wins EUR 1.5 mln Slovenian Hospital Contract

The Slovenian subsidiary of Hungary’s Liwo Group has won a public procurement contract to provide comprehensive indoor cleaning and internal...

MOL Signs Agreement With Shell to Buy BG Cyprus in Largest E&P Move Since 2019

MOL Group said Friday it had signed an agreement with Shell to acquire BG Cyprus Ltd., its wholly owned subsidiary....

BME, OTP Join Forces to Strengthen Cybersecurity Education and Research

A new partnership between the Budapest University of Technology and Economics (BME) and OTP Bank aims to connect academic expertise...

BME, OTP Bank Sign Strategic Cybersecurity Cooperation Agreement

The Budapest University of Technology and Economics (BME) and OTP Bank have signed a strategic cooperation agreement aimed at strengthening...

Hungary M&A Activity Rises 16% in 2025, Above Global Average

Merger and acquisition activity in Hungary rose 16% in 2025, outpacing the global and regional averages, according to data compiled...

Logicor Announces Sale of Operations in Hungary to Sino Logistics

Logicor announced the sale of its Hungarian operations to Sino Logistics. The transaction includes the company's local real estate portfolio...

MOL Successfully Concludes Talks With Serbia on NIS Acquisition

Hungarian oil and gas company MOL said it successfully concluded negotiations with the government of Serbia on the conclusion of...

Wizz Air Becomes Official Partner of Sziget 2026 Festival

Wizz Air has become the official partner of Sziget 2026, the company announced. Under the agreement, Wizz Air flights will...

4iG, Northrop Grumman Sign Satellite Deal to Boost Hungary’s Space Capabilities

4iG S&D has signed a multimillion-dollar agreement with Northrop Grumman to develop a geostationary communications satellite under Hungary’s flagship Husat...