Deals

Deals

Fotex stake in Domus rises to 99.24% after squeeze-out

Holding company Fotex Rt announced on Thursday it had acquired 9,807 shares in furniture company Domus Rt in a squeeze-out...

Deals

Pannonplast completes sale of Polifoam unit

Plastic parts company Pannonplast Rt announced on Wednesday it closed the sale of a 51% stake in its unit Polifoam...

Deals

Bookkeepers Mazars, Metrum to merge

French-owned Mazars Kft, a major auditing, tax consulting, and bookkeeping firm, and Metrum Kft, a leading Hungarian-owned peer, will link...

Deals

SME confidence index unchanged in May

Economic research institute Ecostat's SME confidence index measured 51% in May, unchanged from April, but 11 percentage points higher than...

Deals

Rahimkulov raises stake in BorsodChem to 25.16%

Megdet Rahimkulov, the head of ÁÉB Bank Rt and reportedly Hungary's richest man, has raised his direct and indirect stake...

Deals

KBC Group buys 99.7% of K&H Bank

The State Financial Supervisory Authority (PSzÁF) has approved Belgian KBC Group's plan to acquire a 99.7% stake of K&H Bank...

Deals

TVnet offers symmetric DSL service

Internet service provider TVnet Kft has launched a third-generation symmetric broadband service under the name SDSL, the company announced on...

Deals

Ikarus to establish bus joint venture in China

Hungarian bus maker Ikarus Rt will establish a joint venture with Datong Hongye Investment Holding to manufacture buses in China,...

Deals

Number of fixed lines continues to drop in February

There were 3.435 million fixed line telephone connections in Hungary at the end of February, 10,000 fewer than one month...

Deals

Alstom, Transelektro win metro tender with €247 mln bid

The Budapest public transport company BKV Rt announced a consortium of France's Alstom Transport and Hungary's Ganz Transelektro Rt as...

Deals

Finance Ministry forecasts Ft 110.5 bln May deficit

The Finance Ministry announced on Friday it forecasts a general government deficit, excluding local councils, of Ft 110.5 billion in...

Deals

Hungary to spend Ft 7.5 bln repairing motorways in 2006

Hungary plans to spend Ft 7.5 billion forint repairing sections of motorways this year, Napi Gazdaság reported, citing the State...

Deals

Budapest Alapkezelő launches closed-end fund

Budapest Alapkezelő, Budapest Bank Rt's fund manager, is offering for subscription units in a new closed-end fund, called Világválogatott (World...

Deals

Fujitsu Siemens revenue in Hungary increases 42%

The Hungarian unit of Fujitsu Siemens Computers had revenue of €45.8 million in its business year ended March 31, 42%...

Deals

Tesco appoints new CEO at Hungarian unit

Tesco Global Stores Zrt, the Hungarian unit of UK supermarket giant Tesco, will have a new CEO from August 1,...

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...