Deals

Deals

Report: No wage increases in GM-UAW deal

The landmark agreement General Motors Corp. and the United Auto Workers union reached early Wednesday includes no worker wage increases,...

Deals

Morgan Stanley to miss out on Mol fees after quitting defense

Morgan Stanley is set to miss out on lucrative advisory fees on one of Europe’s largest potential takeovers this year,...

Deals

Media Markt celebrates premiere in Turkey

Media Markt, market leader in consumer electronics centers in Europe, opened its first Turkish store in Istanbul on Tuesday....

Deals

Austrian OMV declares intent to combine with Hungary’s MOL – extended

OMV, the Austrian-based oil and gas company, on Tuesday declared its wish for a long-term cooperation with its Hungarian competitor...

Deals

Israeli BSR Europe buys land for €240 mln Balkan projects

The company bought land in Brasov, Romania, and, together with a European real estate fund, also bought land in Bulgaria....

Deals

Nord Stream operator says Estonia measures will not stop project

Nord Stream AG, the operator of a natural gas pipeline being built under the Baltic, said Thursday it believes Estonia’s...

Deals

Gazprom may acquire stake in Baglan Bay plant

Russian gas company Gazprom plans to acquire a stake in Britain’s Baglan Bay power plant in affiliation with German utility...

Deals

Germany’s Commerzbank buys majority stake in Ukraine’s Bank Forum

Commerzbank has acquired a majority stake in Ukraine’s 10th-largest private-sector bank, Bank Forum, for $600 million, the German bank announced...

Deals

MOL hires six banks for €2 billion loan

Hungarian oil giant MOL has commissioned six banks, Citigroup, Royal Bank of Scotland, BNP Paribas, Bank of Tokyo-Mitsubishi, ING and...

Deals

Sarkozy hedges free market with gov’t control

Following nearly two years of squabbling, this month France’s national gas utility, Gaz de France, finally agreed to team up...

Deals

Siemens foiled again in Power Machines stock shuffle

The Russian Federal Antimonopoly Service has refused for a second time to allow Siemens to buy 30.4% of the stock...

Deals

Chinese firms to build Polish expressways

Nearly 40 private Chinese companies, led by China International Industry and Commerce Co Ltd (CIIC), are likely to build expressways...

Deals

Russia to cede 25% of electricity grid to foreign investors

The head of Russia’s electricity monopoly Unified Energy System (UES) said in an interview with a British newspaper Wednesday that...

Deals

Payer International to develop Hungarian operation

Austria’s electronic beauty care products manufacturer, Payer International Technologies GmbH is to relocate further production capacities to its Hungarian base,...

Deals

Hungary investors should seek cities

Hungary’s fly-to-let investors should buy city centre new-build rather than being wooed by a holiday resort glow, according to experts...

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...