Deals

Deals

Competition office fines OTP, Eximbank

Due to delayed submission of the request for approval for the acquisition of joint control over "Fordulat" Equity Fund, the...

Deals

BTel to sue angel investor who backed out

The board of Business Telecom (BTel) is suing the angel investor who broke his promise to inject HUF 950 mln...

Deals

MNB places oversight commissioner at Kézizálog

The National Bank of Hungary (MNB) placed an oversight commissioner at Kézizálog Financial Services Company as a result of improper...

Deals

MOL: Croatia puts politics before commercial interests at INA talks

The Croatian government is holding political interests before commercial interest in negotiations over its local unit INA, Hungarian oil and...

Deals

Croatian PM promises to support Sisak

The Croatian government will support efforts to resume production at the Sisak refinery, Croatia’s Prime Minister Zoran Milanovic said on...

Deals

Report: M&A market fails to live up to expectations

Despite high hopes for the mergers and acquisitions market, 2014 was a disappointing year, according to the “Emerging Europe: M&A...

Deals

Preparations for settlement of borrowers’ refunds on schedule

Preparations for the Hungarian banking sector's biggest challenge this year, the settlement of refunds mandated under borrowers' relief legislation, are...

Deals

Croatia, Poland ask to see FX phaseout details

The governments of several Central European countries want to see details on how Hungary is phasing out foreign currency-denominated retail...

Deals

Almost HUF 40 bln deposited on accounts conferring tax amnesty

Last year, 610 "Stability Savings Accounts" with deposits of a combined HUF 37.9 bln were opened at Hungarian banks, Hungarian...

Deals

BT expands office in Hungary

British Telecom (BT) expanded its office space in Hungary by more than 4,000 sqm and made 400 new hires last...

Deals

EBRD: Hungary’s GDP growth forecast at 2.4%

The European Bank for Reconstruction and Development (EBRD) raised its forecast for Hungary's GDP growth this year to 2.4%, from...

Deals

Winemaker Danubiana puts 2014 revenue growth to 7.5%

Hungarian winemaker and wine trader Danubiana (based in Bonyhád, southwestern Hungary) projects a revenue of €13.3 mln for 2014, up...

Deals

Lázár: Gov’t to defend against EC charges of improper tendering

The Hungarian government will call tenders for European Union funding available under Hungary's new operative programs in April, and will...

Deals

György Barcza appointed ÁKK chief

György Barcza was appointed CEO of the Government Debt Management Agency (ÁKK) today by Economy Minister Mihály Varga, the National...

Deals

Rise of Swiss franc affects 250,000 car leasing contracts

The extraordinary strengthening of the Swiss franc has affected about 250,000 FX-denominated vehicle leasing contracts, the Hungarian Leasing Association told...

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...