Deals

Deals

Klesch group said to be interested in INA

Klesch Group is doing due diligence in Croatian oil company INA, controlled by its Hungarian peer MOL, international news portal...

Deals

Simola: MOL’s balance sheet is strong, INA sale still an option

MOL has built up a strong balance sheet for acquisitions, while the sale of its Croatian subsidiary, INA, was still...

Deals

Hong Kong opens gate toward Asian countries

Hong Kong is not only a gate to trade with China but could also act as a bridgehead for Hungarian...

Deals

Spar to postpone portion of planned developments in Hungary

Supermarket operator Spar will postpone a significant part of the investments it planned in Hungary in the next few years,...

Deals

Suzuki to start production of Vitaras in January

Japanese carmaker Suzuki will start the serial production of the new Vitara model in January next year, Magyar Suzuki CEO...

Deals

U.S. envoy urges Hungary-Croatia agreement over INA

A U.S. government representative called on both Croatia and Hungary to reach a consensus over the future of Croatia's oil...

Deals

Croatia selects mediator for talks with MOL

The Croatian government authorized Economy Minister Ivan Vrdoljak to select a mediator who would help the government's and Hungarian oil...

Deals

Prime Minister’s Office to oversee Paks upgrade

As expected, the Prime Minister's Office will exercise the state's ownership rights and obligations over the project company established to...

Deals

State might buy Budapest Bank

Hungary’s mid-sized retail and commercial bank for small- and medium-sized businesses, Budapest Bank (a member of General Electric group) may...

Deals

MNB outlines proposal for asset management agency

The National Bank of Hungary outlined a proposal for the establishment of an agency to manage distressed assets in a...

Deals

Top managers departing MTel this week

Magyar Telekom, the Hungarian subsidy of German telecoms giant Deutsche Telekom, announced the departure of senior leaders today on its...

Deals

Former Malév staff to get HUF 2.2 bln in back pay

Former staff of the discontinued Hungarian carrier Malév is expected to be given approximately one-third of their back pay this...

Deals

State vows big effort to restore proper operation at Széchenyi Commercial Bank

The National Economy Ministry on Tuesday said the state would make every effort to put Szechenyi Commercial Bank back on...

Deals

Croatia still prepares buying out MOL, INA competes for license in Adriatic sea

Croatia prepares for a possible purchase of Hungary’s MOL oil company’s stake in its Croatian peer, INA, in case the...

Deals

YOUR banker as YOUR business partner

The current expert opinion with Daniel Hatvani, Head of Structured Finance at CIB Bank, originally appeared in the October 31...

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...