Deals

Deals

Government freezes HUF 110 bln in spending

The Hungarian government will freeze HUF 110 bln in the expenditures of the central budget in order to meet this...

Deals

RTL Klub CEO: We’ll stay and fight

The following story, by Florence La Bruyère, is from the July 18 print edition of the Budapest Business Journal....

Deals

Gazprom may buy Crotian INA from MOL

Russian power and energy giant Gazprom has expressed its intention to buy a controlling stake INA, the Croatian refiner that...

Deals

EC could fine Hungary HUF 90 bln in tenders case

The European Commission could fine Hungary HUF 70-90 bln if it finds that Hungary used discriminative restrictions in some of...

Deals

Raiffeisen: FX-loan law will cost their bank €120-€160 mln

Raiffeisen Bank International (RBI) announced yesterday that the recently approved borrowers’ relief legislation in Hungary would cost Raiffeisen banks in...

Deals

Three fined total of HUF 11.5 mln for ‘wash trades’ on BUX

The National Bank of Hungary fined three investors a total of HUF 11.5 mln for "wash trades" on the Budapest...

Deals

Inflation report puts fiscal deficit below target

The latest inflation report of the National Bank of Hungary (MNB) puts this year’s ESA general government deficit at 2.7%...

Deals

Dunaferr to invest around €30 mln in Hungary

Hungarian steelmaker ISD Dunaferr is planning to make further investments at its plant located in Dunaújváros at the beginning of...

Deals

MOL to invest in Russia

Hungarian oil and gas company MOL is seeking new oil exploration investments in Russia, CEO József Molnár said at the...

Deals

IT company acquires Hungarian ‘big-data’ startup

Global big data analytics company RapidMiner has acquired its former partner, Hungarian software developer Radoop, executing one of the first...

Deals

MOL recycles 280 tons of used cooking oil

Since launching its cooking oil recycling project in 2011, Hungarian fuel company MOL has collected 280 tons of used cooking...

Deals

MOL announces significant oil discovery in Pakistan

Hungarian oil and gas company MOL announced on Tuesday that Ghauri Joint Venture (GJV) has made a significant oil discovery...

Deals

‘This could end well’

Richárd Szabados (38) graduated in economics at the University of Debrecen in 2000. He held leading positions at Budapest Bank...

Deals

Cease fire in MOL-INA legal row?

“Constructive atmosphere” is not something you hear often in the context of two countries that have been battling for influence...

Deals

Hungarian government official: Talks on funding programs tie up EU transfers

Talks on some of Hungary's programs for allocating European Union funding have resulted in a HUF 170 billion fall in...

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...