Deals

Deals

Tax authority shuts down Europe’s largest illegal cigarette factory

Europe's largest illegal cigarette factory, located on the outskirts of Budapest, has been shut down and some 22 tons of...

Deals

Raiffeisen to close some branches in Hungary

Raiffeisen Bank International (RBI) will close some of its branches in Hungary and instead focus on its corporate and premium...

Deals

Board member becomes new owner of Századvég

Kristóf Szalay-Bobrovniczky acquired more than 50% of the voting interest in Századvég Gazdaságkutató, the research firm best known for advising...

Deals

Editors from Simicska’s media outlets resign

Citing “reasons of conscience” the leaders of Magyar Nemzet, MNO, HírTV and Lánchíd radio have all resigned effective immediately, Hungarian...

Deals

MOL announces suspension of crude oil exports from Shaikan field

Hungarian oil and gas company MOL said on Friday that exports of crude oil from the Shaikan field of Iraq's...

Deals

Turnover of online daily deals reach HUF 16.5 bln

The aggregate turnover of online daily deals in Hungary grew to about HUF 16.5 bln last year, eNET Internet Research...

Deals

Electronic system boosts sales of assets under liquidation

Sales of the assets of companies under mandatory liquidation are up almost 20% a month after the introduction of an...

Deals

MFB streamlining to save HUF 2 bln annually

State-owned Hungarian Development Bank (MFB) said today that it is expecting to see annual savings of approximately HUF 2 bln...

Deals

MOL backtracks on extraordinary INA dividend

Hungarian oil and gas company MOL on Tuesday said it suspended a request to call a general meeting of shareholders...

Deals

MNB clears TVK buyout offer by MOL

The Hungarian central bank (MNB) approved a voluntary public purchase offer by oil and gas company MOL for the outstanding...

Deals

FHB Commercial Bank appoints new CEO

Márton Oláh yesterday was appointed as CEO of Hungary’s FHB Commercial Bank, which is the commercial bank unit of FHB...

Deals

Asset manager to start buying bad assets from banks in H2

The Hungarian Reorganisation and Receivables Management Company (MARK), established by the National Bank of Hungary (MNB) last November to buy...

Deals

Bank of America: Emerging-market currencies undervalued by 0.9%

Emerging-market currencies are undervalued by an average of 0.9%, according to a proprietary valuation framework developed by Bank of America...

Deals

Margit Palace Office extended by 3,200 sqm for EMEA

As a result of the latest building expansion, EMEA has become one of the principle tenants in the Margit Palace,...

Deals

Reuters: OTP to raise offer for NKBM

Hungary's OTP bank is currently in negotiations with its Slovenian state-owned peer Nova KBM (NKBM) and is planning to raise...

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...