Deals

Deals

MOL announces conditions of ING share option agreements

Hungarian oil and gas company MOL on Tuesday announced the terms and conditions of share option agreements it concluded with...

Deals

AutoWallis takes over Sloveniaʼs largest BMW dealership

Hungarian automotive company AutoWallis announced successfully closing the transaction of taking over Sloveniaʼs largest BMW dealership in Ljubljana, meaning that...

Deals

Opus Global names new CEO

Attila Zsolt Dzsubák will take over as CEO of holding company Opus Global from July 1, replacing Miklós Gál, according...

Deals

OECD: COVID 2nd Wave Would Mean 10% hit to Hungary’s Economy

The OECD has predicted Hungary’s economy will suffer a contraction of between 8-10% this year, depending on whether there is...

Deals

Opus Global parts with last of Appeninn shares

Listed holding company Opus Global has sold the last of its shares in listed property company Appeninn, state news wire...

Deals

IT Services Hungary to rebrand as Deutsche Telekom IT Solutions

IT Services Hungary (ITSH) will rebrand as Deutsche Telekom IT Solutions, aiming to streamline the German mother company’s international b2b...

Deals

BFK launches feasibility study for Danube rail tunnel

The Budapest Development Center (BFK) has launched an open public procurement procedure for a feasibility study to examine the possible...

Deals

NAV seizes more than 30,000 boxes of untaxed cigarettes

NAV employees seized more than 30,000 boxes of untaxed cigarettes from a group of Vietnamese nationals with a criminal record,...

Deals

Govʼt submits 2021 budget bill to Parliament

Minister of Finance Mihály Varga submitted the 2021 budget bill to Parliament today, according to a report by state news...

Deals

Hell Energy subsidiary plans HUF 24 bln hotel in Tata

Avalon Center, a member of Hell Energy group, is planning on building a 120-room, five-star hotel with a HUF 24...

Deals

4iG Q1 profit climbs on strong revenue growth

First-quarter after-tax profit of listed IT company 4iG rose 11% year-on-year to HUF 312 million as revenue jumped but margins...

Deals

Cordia raises its stake in Polnord to 92.92%

Cordia, a member of real estate developer and investor Futureal Group, raised its stake in Polish real estate developer Polnord...

Deals

Tungsram avoids layoffs with pandemic action plan

Hungarian lighting company Tungsram announced on Monday to its employees that it would be implementing a "job protection plan" in...

Deals

Gen govʼt deficit reaches HUF 831.9 bln in March, ministry confirms

Hungaryʼs cash flow-based general government deficit, excluding local councils, reached HUF 831.9 billion at the end of March, the Finance...

Deals

BDPST to sell stake in Appeninn

Property developer BDPST intends to sell its 29.3% stake in listed holding company Appeninn, according to a press release sent...

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...