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Hungary News

Climate & ESG;Investments & Funding

AIIB commits $125 million to OTP Bank for climate finance in Hungary, Croatia, Serbia

The Asian Infrastructure Investment Bank has committed up to $125 million to OTP Bank's Tier 2 bonds to expand climate finance across Hungary, Croatia, and Serbia. The facility supports renewable energy, energy efficiency, and greenhouse gas reduction, building on a $200 million AIIB facility approved in 2024.

Croatia;Hungary;Serbia | 2 weeks ago

Telecom & Connectivity

Northrop Grumman and 4iG to develop Hungary's first sovereign communications satellite

Northrop Grumman and 4iG Space and Defence Technologies have partnered to manufacture Hungary's inaugural national communications satellite. Utilizing the GEOStar-3 platform, the project aims to provide secure Ka-band services for regional government and commercial use, marking a critical advancement in Hungary’s independent aerospace capabilities and defense infrastructure.

2 months ago • Hungary

Mergers & Acquisitions

LT Foods makes €25 million move into Europe’s canned food market with Global Green Europe Acquisition

LT Foods announced that it has signed an agreement to acquire Hungary-based Global Green Europe Kft. for an enterprise value of approximately €25 million, marking its foray into the European canned and processed food market.

3 months ago • Hungary;India

Latest News

Defence | 2 days ago

Elbit Systems secures $350 million international main battle tank modernization contract

Israel-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.

Business & Corporate | 2 days ago

UPS commits USD 50 million to industrial logistics and launches time-definite Mexico air freight

UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.

Energy & Power | 2 days ago

NLC India selects Ohmium and InSolare for 4 MW green hydrogen project in Tamil Nadu

Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.