Deals

Deals

MNB: Insurance companies required solvency ratio above 200%

Based on preliminary data, the solvency ratio for insurance companies on a sectoral level has reached 209% of the requirement,...

Deals

Vodafone Hungary enters market of corporate fixed-line data services

The Hungarian subsidiary of global telco giant Vodafone has launched new Fixed Connectivity services, as an entrance into the corporate...

Deals

MNB levies HUF 43.5 mln in supervisory fines in Q1

The National Bank of Hungary (MNB) levied a total of HUF 43.5 million in supervisory fines in the first quarter...

Deals

BDO Hungary welcomes new tax expert

Gergely Demetrovics joined BDO Hungary’s tax consulting branch as an accentuated expert, following the firmʼs decision to strengthen its tax...

Deals

KPMG Hungary staff exceeds 1,000

The number of staff employed by KMPG Hungary saw a 67% rise in the past five years, and currently exceeds...

Deals

Dr. Rose welcomes new director, announces investments

Dr. László Hangody orthopedic surgeon and professor was appointed the doctor-director of private hospital Dr. Rose in Budapest, the hospital...

Deals

Varga: Government to set up fund for non-performing mortgages

Hungaryʼs government plans to set up a special housing fund in which banks can place some of their non-performing mortgages,...

Deals

GE Hungary revenue HUF 4.452 tln last year following Alstom merger

Revenue of the Hungarian unit of General Electric (GE) rose to HUF 4.452 trillion last year from HUF 1.606 tln...

Deals

ING Bank to sell Budapest bourse stake to Erste Bank

The Hungarian branch of ING Bank is planning to sell a 2.3% stake in the Budapest Stock Exchange to the...

Deals

Szijjártó discusses Budapest-Belgrade rail line upgrade with Chinese official

Minister of Foreign Affairs and Trade Péter Szijjártó met with deputy head of Chinaʼs National Development and Reform Commission Wang...

Deals

Hungarian physicists may have discovered fifth Force of Nature

The assumption that the universe is controlled by four fundamental forces of nature - gravity, electromagnetic force, and weak and...

Deals

Zsolnay could face liquidation, minority owner ready to take over

Not long after Zsolnayʼs majority owner Bachar Najari aired concerns of a “hostile takeover”, Hungarian state-owned Development Bank (MFB) has...

Deals

MNB fines MKB Bank HUF 34.7 mln for deficiencies

The National Bank of Hungary (MNB) today fined MKB Bank HUF 34.7 million for deficiencies the central bank found in...

Deals

K&H Bank Q1 profit reaches HUF 9.3 bln

K&H Bank had consolidated, IFRS after-tax profit of HUF 9.3 billion in the first quarter of 2016, up from HUF...

Deals

Bill would allow transfer of insurance association Dimenzio clients

Hungaryʼs government has submitted an amendment to lawmakers that would allow contracts held with troubled insurer Dimenzio to be transferred...

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...