Deals

Deals

Report: Croatia, US officials to talk INA, MOL

High-level government officials from Croatia and the United States will meet to discuss oil and gas company INA and offshore...

Deals

MOL preps further for possible sale of INA

Oil-and-gas giant MOL has asked the board of its Croatia-based unit INA to set up a data room for a...

Deals

New Croatian regulation to hit INA revenue hard

MOL today stated that a decision by the Croatian economy ministry on mandatory gas sales would require its Croatian unit...

Deals

Investment volume up 7.2% for year 2013

The Central Statistics Office (KSH) has released figures on investment volume in Hungary in the fourth quarter of 2013, showing...

Deals

MOL cuts crude forecasts on low Iraq output

MOL has cut its crude oil production forecasts mainly due to lower-than-expected output from its fields in the Kurdistan region...

Deals

FHB stock takes wild ride on way to tiny increase

FHB stock took a wild ride on the Budapest bourse yesterday, and its day-ending value of HUF 920 on a...

Deals

Russian investors to talk INA transaction after Olympics

Russian investors want to start talks with the Croatian government on the acquisition of Hungarian oil-and-gas company MOL’s stake in...

Deals

MNB: “Several” banks in violation of free withdrawal law

The National Bank of Hungary (MNB) has found in a probe that several banks have unlawfully passed on the cost...

Deals

INA margins narrow, MOL takes loss in Croatia in Q4

Losses of Hungarian oil and gas company MOL’s Croatian unit INA grew in the fourth quarter as margins narrowed, INA’s...

Deals

Analysts: Hungary GDP up over 2% for Q4 2013

Hungary’s annual economic growth is likely to have accelerated to well above 2% in the last quarter of 2013, although...

Deals

MTel owner DT acquires last T-Mobile Czech Republic shares

Deutsche Telekom (DT), majority owners of Magyar Telekom (MTel), have bought out the remaining 40% of shares available in its...

Deals

Former MKB CEO tapped for top job at CIB Bank

In hopes of getting a Hungarian market relaunch started for its CIB Bank branches, Intesa Sanpaolo has named Dr. Pál...

Deals

Single bidder for state’s stake in Takarékbank

The government-appointed committee overseeing a tender for the state’s 54.85% share of saving cooperative central bank Takarékbank today announced that...

Deals

MNB books “tens of billions of forints” in profit in 2013

The National Bank of Hungary (MNB) closed 2013 with profit “in the tens of billions of forints,” the central bank...

Deals

KBC on Hungary’s flattening yield curve

Analysts from KBC Group, the owners of Hungary-based K&H Bank branches and frequent deniers of an exit from the country,...

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...