Deals

Deals

Sberbank Hungary appoints Richard Szabó as CEO

Richard Szabó has been appointed as Chairman and CEO of Sberbank Hungary effective 22 October 2014. He succeeds Axel Hummel,...

Deals

Competition office greenlights LUKOIL acquisition

Hungary's economic competition office GVH said yesterday it had approved the planned acquisition of 100% of the shares of LUKOIL...

Deals

Croatian ministry: All options open on INA

All options were possible for solving problems caused by the strained relations between the Croatian government and Hungary's MOL oil...

Deals

MTel boosts 4G coverage to 73%, targets 93%

Magyar Telekom, the Hungarian subsidiary of German giant Deutsche Telekom, will boost the coverage rate of their fourth-generation (4G) mobile...

Deals

Hungary’s MOL Group is interested in negotiations on RWE’s DEA unit

Hungarian oil and gas company MOL said it would consider negotations regarding RWE's oil and gas unit DEA in the...

Deals

Citi to serve only corporate, institutional clients

Citigroup's business in Hungary will continue to operate, but only serve corporate, institutional and SME clients, Citi Magyarország said on...

Deals

First train of €267 mln Flirt order put into service

The passenger unit of Hungarian State Railways MÁV and regional railway GYSEV launched the service of the first of 48...

Deals

Danube port undergoes HUF 895 mln of improvements

Port Danube is investing HUF 895 mln on improvements at its freight port on the Danube, in Komárom (northwest Hungary),...

Deals

Citigroup to exit consumer business in Hungary

Citigroup plans to exit its consumer business in Hungary and ten other countries, the US banking group said yesterday, after...

Deals

ALDI fined on charge of false advertising

Hungary's Competition Office (GVH) reported today that it fined the local unit of German-owned supermarket chain ALDI HUF 10 mln...

Deals

INA approves €13 mln severance pay package

Croatian oil and gas company INA, a unit of Hungary's MOL, is planning to set aside more than HRK 100...

Deals

Nitrogénművek broadens product palette

Hungarian artificial fertiliser maker Nitrogénművek is branching out by adding sales of planting seeds, insecticides and pesticides, and crops to...

Deals

INA refinery closure still pending

The Supervisory Board of Croatian refiner INA did not reach a decision on the future of the company’s refineries, Croatian...

Deals

Analysis: Market anxious over new state utility

The following story is from the October 3-16 print edition of the Budapest Business Journal....

Deals

Competition authority won’t check pipeline deal

The Hungarian government has decided that the competition authority cannot scrutinize the acquisition of the shares of Magyar Gáz Tranzit...

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...