Deals

Deals

Mészáros resigns as mayor to focus on business

Investor Lőrinc Mészáros, the former pipe fitter who has risen to become one of Hungaryʼs richest men under the patronage...

Deals

Eurostat has reservation over MNB foundationsʼ classification

In a note to a statistical release on deficit and debt data for 2017, the EUʼs statistics office Eurostat expressed...

Deals

Building a ‘Feedback Culture’, Changing for a Digitalized Future

There is little wonder that a business celebrating 25 years in Hungary should look back on its history, but Commerzbank...

Deals

Building a ‘Feedback Culture’, Changing for a Digitalized Future

There is little wonder that a business celebrating 25 years in Hungary should look back on its history, but Commerzbank...

Deals

Building a ‘Feedback Culture’, Changing for a Digitalized Future

There is little wonder that a business celebrating 25 years in Hungary should look back on its history, but Commerzbank...

Deals

MKB nearly triples consolidated pre-tax profit in 2017

The MKB Bank group almost tripled its consolidated pre-tax profit from a year earlier to HUF 20.7 billion in 2017,...

Deals

Fornetti raises salaries again

As of May 1, bakery company Fornetti Kft. will raise salaries by 10-15% on average. This is the fourth salary...

Deals

Poor infrastructure causes Hungarian train delays

Hungarian train delays amounted to 1.8 million minutes last year, representing 3.5 years, online portal index.hu reports. In 40% of...

Deals

MÁV: Travelling by train increasingly popular among Hungarians

The Hungarian railway infrastructure has undergone significant development since 2012, including building and renovating lines, new locomotive acquisitions and improvements...

Deals

MOL shareholders okay HUF 127.5 per-share dividend

Shareholders of Hungarian oil and gas company MOL approved payment of a HUF 127.5 per-share dividend on last yearʼs earnings...

Deals

From Fintech to Solar Financing: What Moves the Banking Sector in 2018?

In this article, we try to present the most important trends to follow in 2018 in the finance market. We...

Deals

Rising Expectations

As in previous years, the trend continues in 2018 as companies are increasingly centralizing their financial processes. Several companies that...

Deals

Konzum to acquire hotels in Hungary and Austria

The board of listed holding company Konzum has approved the acquisition of a spa in Egerszalók (NE Hungary) and two...

Deals

Lego sets, DIY tools best sellers in spring

As predicted before Easter, toy sales were significantly up over the holiday period, as online store Extreme Digital registered significant...

Deals

Ballooning revenues lift Konzum consolidated profits

Listed holding company Konzumʼs consolidated net profit jumped to HUF 10.3 billion last year, up from a paltry HUF 50...

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...