Deals

Deals

Hyperloop vacuum rail would put Vienna 20 minutes away

A private firm said yesterday it is planning a super-fast train inside a vacuum tube, called a hyperloop, which could...

Deals

Hungarian Competition Authority issues less fines, focuses on banks

There has been a substantial decrease in the past two years of the number and amount of fines issued by...

Deals

Volán bus drivers to strike March 28-April 1

After failing to receive a wage increase, employees of state-owned bus company Volán are planning a five-day partial strike that...

Deals

MNB fines banks HUF 124 mln for borrowers relief shortfalls

The National Bank of Hungary (MNB) levied HUF 124 million in fines penalizing lenders for shortfalls related to compensation they...

Deals

MNB: Pension funds produce real-term yields both in 2015 and over ten years

Although actual yields varied widely even within similar-risk portfolios, apart from a few exceptions, pension funds produced net yields over...

Deals

NNG welcomes new CEO

Giles Shrimpton was appointed CEO of NNG, Hungarian-founded supplier of automotive navigation software, content, and services, as of March 1,...

Deals

DHL Express Hungary welcomes new CEO

Zoltán Bándli was appointed CEO of DHL Express Magyarország, effective from tomorrow, succeeding John Lucas, who will lead the South...

Deals

GYSEV purchases used carriages from OBB

Hungarian and Austrian state-owned regional railway company GYSEV purchased 26 used InterCity carriages from Austrian peer OBB, GYSEV said yesterday,...

Deals

Csányi fund continues to buy shares in OTP, MOL

A fund managed by Sandor Csányiʼs Singapore-based CSAM Asset Management bought shares in OTP Bank and oil and gas company...

Deals

Noerr advises Allianz Real Estate on €500 mln joint venture

International law firm Noerr’s Real Estate Investment Group advised Allianz Real Estate on establishing a 50:50 joint venture for a...

Deals

Upstream chief leaves MOL

Hungarian oil and gas company MOL on Monday said the head of its exploration and production business, Alexander Dodds, was...

Deals

CBRE: Consumer spending drives real estate developments in 2016

This year is expected to be a solid one for the real estate sector with the pace of growth in...

Deals

UPS Hungary welcomes new Country Manager

Jim Kearney was appointed country manager at UPS Hungary, however, his responsibilities will also include managing the Romanian and Greek...

Deals

Hungary to draw EUR 40 mln of EIB road development loan immediately

Hungary can now draw down €40 million of a €140 mln road development loan from the European Investment Bank (EIB),...

Deals

New HUF 3.2 bln swimming pool inaugurated in Budapest

Officials of the central government and Budapestʼs District XI inaugurated a HUF 3.2 billion, 50-meter indoor swimming pool next to...

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...