Deals

Deals

Moody’s lowers ratings on Erste Bank, FHB Bank

Moody's Investors Service downgraded the deposit ratings of both Erste Bank Hungary and FHB Mortgage Bank to B3 from B2,...

Deals

CIB parent committed to Hungarian unit

CIB Group, the Hungarian unit of Italy's Intesa Sanpaolo banking group, sustained after-tax losses of HUF 33.8 bln in the...

Deals

Four new drugs banned

From the beginning of this week “four new psychoactive substances are being included the so-called C list as designer drugs;...

Deals

MOL protests leak of INA recording

Hungarian oil and gas company MOL on Wednesday expressed its strong disapproval of the leak of a recording of talks...

Deals

GVH levies fines of more than HUF 3 bln in H1

Hungary’s Competition Office (GVH) reported on its website that it levied fines of HUF 3.2 bln on offenders in the...

Deals

No progress at MOL, Croatia talks over INA

Hungarian oil and gas company MOL said yesterday that the latest round of talks with the Croatian government brought no...

Deals

Analysis: Agriculture becomes sexy again

The following story, by András Zsámboki, is from the July 4-17 print edition of the Budapest Business Journal....

Deals

Mapei: Sales grow as building market improves

Mapei Hungary, the subsidiary of the Italian building material manufacturer of the same name, said today that its 32% growth...

Deals

OTP Bank to defend contracts in court

OTP Bank and its subsidiaries decided to defend their decision to make unilateral changes to loan contracts in court, the...

Deals

Croatia may buy INA back from MOL

The Croatian government is urging talks on a secured loan to buy back shares of oil and gas company INA...

Deals

Varga: Budget still on track to hit target deficit

National Economy Minister Mihály Varga reaffirmed the government’s commitment to achieving this year’s GDP deficit target of 2.9%, in an...

Deals

CIG Pannonia to transfer general retail policies to Aegon

Hungarian insurer CIG Pannonia today announced that it had decided to transfer the retail policies of its general insurance unit...

Deals

Alteo sells HUF 925 mln of bonds in private placement

Hungarian energy supplier and trader Alteo today said it sold five-year zero-coupon bonds with a nominal value of HUF 925...

Deals

Next talks on INA set for July 25

Next discussions on INA by the negotiators of the Croatian government an Hungarian oil and gas company MOL will be...

Deals

MAL assets offered for HUF 17 bln

State-owned liquidator Nemzeti Reorganizációs Nonprofit offered the assets of troubled aluminum-oxide maker MAL for the price of HUF 17 bln,...

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...