Deals

Deals

Volksbank rechristened Sberbank Magyarország

Volksbank has changed its name as of November 1 to Sberbank Magyarország, the bank informed national news service MTI....

Deals

Croatian gov’t asks for postponement of talks with MOL

The Croatian government has requested a meeting with Hungarian oil and gas company MOL on Croatian peer INA be postponed...

Deals

Disagreement causes Croatia-MOL meeting cancellation

A meeting scheduled for Friday between negotiators of Hungarian oil and gas company MOL and the Croatian government on amending...

Deals

Magyar Telekom to eliminate 250 jobs

Hungarian telecommunications company Magyar Telekom plans to eliminate 250 jobs, the majority of them by the end of this year,...

Deals

MNB to investigate MOL, Richter share drops

The National Bank of Hungary (MNB) will soon be flexing its muscles as the new financial market regulator in relation...

Deals

MOL denies corruption rumors, stock falls far regardless

A report from local media had MOL representatives scrambling to do damage control yesterday, but share prices fell significantly despite...

Deals

Report: MOL-Croatian government talks restart next week

Hungarian oil and gas company MOL and the Croatian government are expected to meet for another round of talks on...

Deals

OTP in bid for privatized Croatian bank

Hungary’s biggest lender OTP is among the companies looking to bid in the privatization of Croatia-based Hrvatska Poštanska Banka and...

Deals

MOL to sell its 72% stake in Algyő strategic reserve

MOL has signed an agreement to sell its 72% stake in MMBF Földgáztároló, which operates the country’s strategic gas reserves,...

Deals

Deficit reaches 90% of revised target

A slight surplus cut Hungary’s cash flow-based general government deficit, excluding local councils, to HUF 949 billion in January-September, the...

Deals

MOL-INA: CEO extradition rejected, yet…

A Budapest court has rejected a European arrest warrant issued by Croatia for the head of Hungary’s main oil company,...

Deals

MOL to shut down refinery in Italy

Hungarian oil and gas company MOL on Friday said it is shutting down its refinery in Mantova, Italy, and converting...

Deals

MOL to shut down refinery in Italy

Hungarian oil and gas company MOL on Friday said it is shutting down its refinery in Mantova, Italy, and converting...

Deals

HUF 2.1 billion in casino revenue planned

The 2014 budget bill before parliament targets HUF 2.1 billion in revenue from concession fees from casinos. The figure is...

Deals

Hungarian startups meet with Israel-based businesses

The National Economy Ministry, the National Innovation Office (NIH) and the Israeli Embassy to Hungary hosted the first Israel-Hungary Innovation...

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...