A collection of 10 posts
Poland is the dominant country in the Central and Eastern Europe (CEE) business landscape, with 184 companies listed among the region’s top 500, according to Coface’s 2024 CEE Top 500 ranking. Sector shifts, new entrants make top 500 Polish energy giant PKN Orlen topped Coface’s Top 500
Hungary’s MOL Group, along with its joint venture partners, has signed commercial agreements to advance the development of significant gas reserves in Azerbaijan’s Azeri-Chirag-Deepwater Gunashli (ACG) field. MOL, the third-largest shareholder in the ACG field after SOCAR and BP, is working within an amended production sharing agreement framework
Bulgaria has extended a helping hand to Hungary in managing the fallout from Ukraine’s recent ban on the transit of oil from Russia’s Lukoil, Hungarian Foreign Minister Peter Szijjarto, announced in Bucharest, Romania, on Wednesday 24 July. Szijjarto detailed how he and Bulgarian Energy Minister Vladimir Malinov had
Confirming the preliminary expectations, Hungarian energy giant MOL announced in the summer that it will start mining lithium, local business website Portfolio reports. The planning of the project goes back to 2019. In August, MOL Managing Director Gyorgy Bacsa announced that trial lithium extraction would begin next year in the
Only 6% of Ukrainian diesel imports come from Hungary, the head of Hungarian energy giant MOL said at a conference on Saturday, 29 July. MOL CEO Zsolt Hernadi was responding to a recent article by Netherlands daily Handelsblatt, which said MOL’s oil deliveries to Ukraine have doubled in the
Sharply falling energy prices are good news for the population and almost all market segments and the population alike, but large energy companies can be less happy, Hungarian business website Portfolio reported. The explains the price falls as due to an “exceptionally mild” winter and European’s successful decoupling from
Orlen Unipetrol, owned by Poland’s leading energy company PKN Orlen, will take over 143 petrol stations in Hungary and 39 in Slovakia, the Budapest Stock Exchange announced on Thursday, 1 November. The regional shake-up of retail fuel operators involves all of the Visegrad Four (V4) countries, Poland, Czechia, Hungary
The Hungarian government unveiled a number of energy-related measures at the weekend, in response to soaring prices and an impending autumn fuel crisis in Europe. In a decree announced Saturday, Hungary hiked from 25% to 40% its windfall tax on oil companies’ “surplus profits”. The cabinet is increasing its levy
Polish oil and gas firm PKN Orlen will sell refinery assets to Saudi Aramco and swap petrol stations with Hungarian energy company MOL to clear the way for a takeover of Grupa Lotos, it announced Wednesday. Saudi Aramco will pay USD 255 million for a 30% stake in Lotos’ refinery
Croatia’s Supreme Court sentenced MOL chairman-CEO Zsolt Hernadi and the country’s former prime minister Ivo Sanader to prison sentences for bribery on Monday. Hernadi paid Sanader EUR 10 million in bribes in 2008-09 to secure Hungarian energy firm MOL’s management rights in its Croatian peer INA, the