Deals

Deals

MVM finalizes purchase of RWE stake in Főgáz

The state-owned Hungarian Electricity Works (MVM) today reported the transfer of HUF 41 billion to purchase a minority stake in...

Deals

Government in talks on E.ON unit acquisition, reaffirms stand on utilities

The government is continuing talks with Germany-based utilities giant E.ON on acquiring its three gas network and customer service units...

Deals

Report: Croatian PM seeking compromise on INA

The Croatian government is softening its stance on Hungarian oil and gas company MOL’s management of Croatian peer INA, Croatian...

Deals

RBI, CIB report losses in Hungary for 2013

This is what passes for good news in the Hungarian banking industry these days, it seems: The past two days...

Deals

Sberbank Europe AG receives debut syndicated term loan facility

Austria-based Sberbank Europe AG, a subsidiary of Sberbank of Russia, has announced the signing of its first syndicated term loan...

Deals

Audit shows INA crude purchases “in line with the law”

Croatia-based INA yesterday informed media that an independent auditor had established the company’s acquisition of crude oil in 2012 and...

Deals

Over 50% increase in Erste fund manager assets in 2013

Erste’s Hungarian fund manager saw its managed assets climb by HUF 301.7 billion to HUF 855.8 billion in 2013, Erste...

Deals

MOL closes Wintershall asset acquisition

Representatives of oil-and-gas giant MOL this morning announced the successful close of the acquisition of upstream assets, comprising 14 licenses...

Deals

MOL-INA: New investigation launched, CEO appeal denied

Negotiations between the Croatian government and Hungary-based oil-and-gas giant MOL over the fate of Croatia-based MOL peer INA seem no...

Deals

Eyes on the bright side

Even as the finance industry is struggling to fend off the effects of adverse operating conditions in Hungary, Citi’s Budapest...

Deals

Russia cos. in INA talks; MOL Pakistan upping production

Representatives of Rosneft held talks in Zagreb on a possible purchase of Croatia-based oil company INA and on prospecting in...

Deals

US official: MOL/INA dispute is regional problem

A top US energy official has informed Croatia’s economy minister that the Croatian government and Hungary-based MOL must resolve differences...

Deals

Gender gap: Women earn 21% less than men in Hungary

Hungarian women earn, on average, about 21% less than men, according to data collected by fizetesek.hu, a salaries site run...

Deals

ÁKK launches new series of PEMAK bonds

Earlier this week, the Government Debt Management Agency (ÁKK) started distribution of a new series of its Hungarian Premium Euro...

Deals

Business Telekom floats 500,000 shares on BSE today

Hungarian-owned telecommunications company Business Telekom (BTel) will float 500,000 more shares at the Budapest Stock Exchange (BSE) on Friday, the...

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...