Deals

Deals

EDF increases its stake in Hungarian power distributor Démász

Electricite de France SA, France's largest power company, boosted its stake in Hungary's biggest power distributor Démász Nyrt to 95.1%....

Deals

KEG builds Europe’s largest gas tank in north Hungary

Hungarian private gas trading company Central European Gas Terminal Zrt (KEG) is building Europe's largest tank for 2,000 tons of...

Deals

Finance Ministry forecasts Ft 230.4 bln deficit for November

Hungary's Finance Ministry forecasts a Ft 230.4 billion cash flow-based budget deficit excluding local councils for November....

Deals

Finance Ministry confirms sale of state’s remaining Mol stake

The ministry has confirmed on the website of the Budapest Stock Exchange (BÉT) on Wednesday that the State Privatization and...

Deals

BorsodChem shares to be delisted in January

The delisting of shares of BorsodChem and its transformation into a closed company could start as soon as January, one...

Deals

New York’s Fifth Avenue heads ranking of world’s top shopping streets

New York’s Fifth Avenue has retained its top position as the world’s most expensive shopping street in the world, according...

Deals

Hungary State Audit Office pats and slaps 2007 budget bill

Hungary's State Audit Office said on Friday risks to reach the government's VAT, personal income tax and registration tax revenue...

Deals

Porsche Versicherung opens office in Hungary

Austria's Porsche Versicherung has set up a Hungarian branch office that will initially offer special comprehensive vehicle insurance policies, the...

Deals

Axel Springer says profit rises on sales, new titles

Axel Springer, Europe's biggest newspaper publisher, said Q3 profit climbed 14% as German economic growth spurred advertising sales and new...

Deals

Major reorganization at MÁV

Major management and timetable changes are to take place at the Hungarian State Railways Zrt (MÁV) after December 10....

Deals

Mol prepares for Russian upstream buy

Hungarian oil and gas company Mol Nyrt expects to complete a major upstream acquisition within a year, most likely in...

Deals

Top companies create 40% of sector GDP

GDP created by the TOP 100 companies increased by 12.7% in 2005 compared to the previous year, while the entire...

Deals

October fiscal deficit Ft 52.4 bln, down Ft 10.4 bln from forecast

Hungary's fiscal deficit was Ft 52.4 billion (€193.8 million) in September, the Finance Ministry announced late on Tuesday....

Deals

Hungary stocks gain most in a month as protest is peaceful

Hungarian stocks rose the most in a month after a peaceful protest to mark the 1956 uprising eased concern of...

Deals

Domestic biotechnology fares well in EU

Hungary’s biotechnology industry stands to receive about €50 million-€100 million in foreign direct investment in the next few years....

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...