Tag: companies

The Hungarian Venture Capital Association and Portfolio.hu join forces for the forth time in 2012 in order to create the most influential regional forum for PE/VC and M&A professionals in the CEE region.... 

The Hungarian Opel plant sees a jump in production volumes ahead, as a response to which it expects to hire several hundred new employees over the next three years, local business daily Világgazdaság reported... 

After a temporary revival the global M&A market has returned to a declining path, but - surprisingly enough - Europe is still holding on. Central and Eastern Europe and Hungary have strong ties to the... 

A minute-based telecom tax would not create a calculable revenue source for Hungary’s budget, while - according to a joint statement released by local telecom companies Magyar Telekom, Telenor and... 

Hungarian oil and gas group MOL is to invest further USD 250 million in Kazakhstan where an oil production project is expected to be launched in 2015. Preparatory works are led by MOL there, said Zsolt... 

Hungarian oil and gas group MOL is ready to opt out of the Nabucco gas pipeline project if necessary because it has serious concerns over it, MOL Chairman-CEO Zsolt Hernádi told a press conference on Thursday.... 

The European Commission has cleared the proposed acquisition of Magyar Hipermarket Kereskedelmi Kft., which operates the Cora network in Hungary, by the French retail group Auchan. The Commission's... 

Denmark’s Grundfos, one of the world's leading pump manufacturers, is to build its fourth Hungarian pump factory in Székesfehérvár (60 kilometres west of Budapest) in a HUF 4 billion (EUR 13.46 m)... 

Barclays has on Monday raised its target price for Hungary’s OTP Bank to HUF 3,700 from HFU 3,618 previously, maintaining its ‘Underweight’ rating on the stock. Analysts at Barclays have... 

Johnson Controls, a global leader in automotive seating, overhead systems, door and instrument panels and interior electronics, has recently launched production at a new facility in Kecskemét, Hungary.... 

WPP, the world’s largest communications services group, has announced on Wednesday that its wholly-owned operating network Possible Worldwide, the global interactive marketing agency, has agreed... 

Hungary’s Magyar Telekom has announced on Wednesday that its subsidiary, Makedonski Telekom AD - Skopje (MakTel), has reached a decision at its General Meeting on a total dividend payment of MKD... 

PHI Group, Inc., a company focused on energy and natural resources, announced that it has signed an agreement to acquire a 51% equity interest in Vietnam-Hungary Technological Application Joint Stock Company... 

Varian Medical Systems is opening a local office in Hungary with the aim of helping the country's radiotherapy departments to offer advanced treatments for a growing cancer population. The headquarters... 

Hungarian drugs marker Egis has announced on Friday that the influence of U.S.-based Tradewinds Global Investors in the company dropped to below 10%. Tradewinds is a U.S.-based investment fund management... 

Raiffeisen has increased its 12-month target price on Hungary’s Magyar Telekom to HUF 615 per share from HUF 590 due to an assumed lower equity market risk premium for Hungary. At the same time... 

Hungarian electricity providers ELMŰ and Émász are to pay the same dividend this year than in 2011, the proposal of their respective Boards for the annual general meeting show. ELMŰ is to pay HUF 1,700... 

Maseltov Ltd., the largest shareholder of Germany's Praktiker Group, one of the leading do-it-yourself centre operators in Europe, wants the company to withdraw from the eastern European market, the Financial... 

Ascent Resources plc, the AIM listed European oil and gas exploration and production company, has announced on Wednesday that PetroHungaria kft, the operator of the Penészlek gas production concession... 

New investors and Chinese-owned companies that are already active in Hungary but in different sectors can enter the local car parts production scene, business daily Napi Gazdaság reported on Wednesday....