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Cross-linked news, and information resources about Hungary

China’s presence has brought socioeconomic opportunities to Georgia, Greece, Hungary, and Romania. Yet it has exacerbated governance shortfalls, undermined elements of political and economic stability, and complicated the European Union’s ability to reach consensus on key issues.

MET Offloads Stake in Hungarian Gas Distributor Mar 12, 2021 8:55:am Summary by: Joe Murphy Swiss-based MET Group has agreed to sell its 49.6% stake in Hungarian gas distributor Tigaz to local hold... Posted in: Sign In EMAIL Subscribe Subscribe to Natural Gas World Premium for less than 55¢ per day. Daily news coverage, LNG Condensed (complimentary), NGW Magazine, Gas Transitions and more. Choose the best option for you.Subscribe

MET Group sells its 49,57 percent stake in the Hungarian natural gas distributor TIGÁZ Zrt. to Opus Global Nyrt. MET also announces the 100 percent acquisition of the Buzsák 77 MWp solar power plant in Hungary, in line with its CEE renewables growth strategy. On 11 March 2021, MET Group signed a share purchase agreement with Opus Global Nyrt., selling its 50 percent shareholding in MS Energy Holding AG, representing a 49,57 percent stake in TIGÁZ Zrt. The transaction is expected to close on 31 March 2021. At the same time, MET acquires a 77 MWp photovoltaic power plant project from O...

Forbes Hungary has published its seventh annual list of Hungary’s 50 Richest. It is yet again topped by Viktor Orbán’s friend and close ally, construction mogul Lőrinc Mészáros, followed by OTP Bank Chairman and CEO Sándor Csányi. The business magazine notes that despite the damaging effects of the pandemic, Hungary’s wealthiest had much worse years than 2020. The assets of Hungary’s richest man, Lőrinc Mészáros, are estimated close to HUF 500 billion, despite the fact that his main company Opus Global, the backbone of his assets, greatly suffered from the effects of the firs...