Christian Keszthelyi

Telco

Meva-Hu winds up HUF 146 mln base

Czech-owned waste management industry supplier Meva-Hu today inaugurated a HUF 146 mln base at the industrial park in Tatabánya, northwestern...

Government

New Fidesz-friendly media outlets foreseen

According to reports, a new right-wing media empire is being put together to replace media outlets that have become less...

Telco

EC halts M4 highway works

The European Commission rejected Hungary’s application for funding for the construction of the M4 highway, on suspicion of cartel activity,...

Visits

Report: Tarsoly trusted Szijjártó would help

Questor brokerage’s CEO Csaba Tarsoly reputedly told a private crisis staff meeting on March 8 that he would ask for...

Automotive

Report: Hungary’s Acceleration Indicator grows 2.8% in March

The Acceleration Indicator (GYIA), which is a measure of economic and financial indicators compiled by Hungarian economic daily Világgazdaság, increased...

In Hungary

Elmű, Émász shareholders approve dividend proposals

Shareholders of electricity distributors Elmű and Émász, both majority-owned by Germanyʼs RWE, approved proposals to receive dividends of HUF 1,200...

History

Bokros: Insider trading should lead to prison sentence

In countries such as the United States and Great Britain, insider trading is punished with a prison sentence, Hungarian economist,...

Deals

PM: I told ministries to withdraw from Quaestor

Hungary’s Prime Minister Viktor Orbán today said that he personally urged government ministries to withdraw their money from Quaestor investment...

Competition

Money changers could receive electronic tills

Currency exchange firms will be required to install electronic tills connected to Hungary’s National Tax and Customs Authority (NAV), deputy...

Beva waits for expert opinion despite MNBʼs stance

The Investor Protection Fund (Beva) acknowledges the National Bank of Hungaryʼs (MNB) stand on compensating holders of "fictitious Quaestor bonds",...

Crops

Retailers could close at World Heritage sites for Sundays

The Hungarian government submitted a bill to Parliament yesterday that will not allow retailers operating in World Heritage sites to...

Banking

Number of Hungarians to receive tax refunds on the decline

The number of Hungarians who have received personal income tax refunds has been on the decline, reducing to almost half...

Recycling

Triumph to sell Hungarian plant

Multinational, family-owned underwear and lingerie manufacturer Triumph International is planning on selling its plant in Dunaújváros, central Hungary, the company...

Industrial

Euromedic winds up HUF 1 bln logistics base in Budapest

Euromedic Hungary completed a HUF 1 bln logistics base in Budapest, the medical supplies company told Hungarian news agency MTI...

Deals

Easter sweets sales expected to increase 3-5%

Sándor Sánta, head of Hungarian Sweets Makers Association, expects sales of Easter sweets to jump 3-5% this year, exceeding last...

Analysis

Done Well, 4-day Week Could Boost Productivity, Employee Happiness

At face value, a four-day workweek looks tempting for the employee, but what about the employer? It could significantly benefit...

Manufacturing

Ganz Intelligent Solutions Launches new Tech for Transformers

Storied Hungarian manufacturer Ganz has introduced new technology that helps transformers reach their peak performance, saving costs and contributing towards...

Analysis

Banks Enjoy Digital Advances, Serving Increasingly Tech-savvy Customers

If anything, the adage of technology disrupting every industry is amplified in banking. Beyond the usual suspects of AI and...

Analysis

Economic Strains Grow, but Banks Will Weather the Storm

Rising inflation, the escalating energy crisis, interest rate freezes, and extra taxes have increased the strain on banks operating in...

Automotive

Global Energy Crisis Increases Electric Vehicle Expenditure

With motorists eyeing greener transport options, electric vehicles are gaining ground in Hungary. Yet, driving a pure EV has gotten...

Analysis

Chameleon Smart Home Solutions Developer Enters BSE Xtend

Innovative home solutions are rising in Hungary, even if the market lags internationally. Chameleon Smart Home Plc. recently floated its...

Automotive

Investment Prospects from China to Lift Automotive Sector in 2023

2023 comes with a challenging outlook, and the automotive industry seems likely to remain vulnerable to economic headwinds. However, for...

Analysis

SSCs Mature Into GBSs as They Provide Higher Added-value Functions

As shared services centers have graduated to business services centers and now, increasingly, to global business services centers, the industry’s...

Automotive

AutoWallis’s new Partnership, Acquisition Boosts 2023 Business Outlook

In less than 24 hours, the AutoWallis Group announced an acquisition (and hence entrance to anew market) and asustainable energy...

Telco

Consolidating Telcos Battle Challenges as Data Thirst Grows

The consolidating Hungarian telecommunications market is shaped by a handful of drivers mainly fuelled by technological advancement, changing customer behavior,...

Automotive

Speeding Automotive Sector Lifts Industrial Output but Future ‘Uncertain’

The automotive sector, Hungary’s leading manufacturing segment, has shown accelerated growth recently, boosting the headline industrial figure. While the improved...

Sustainability

Green Transition Comes with Challenges, Many Long-term Benefits

As Europe grapples with its energy crisis, more businesses in Hungary are thinking about making their operations greener and more...

Analysis

Challenges Await in Booming IT Integrators’ Market

The pandemic gave a much-needed push for businesses toward digital transformation, which has lifted the profile of IT integrators and...

Automotive

Incentives Boost E-car Adoption but Raise tax Uncertainties

Incentives and benefits created to bolster the broader adoption of electric vehicles are helping lift sales. But as rules and...

Telco

Normalizing 5G Sentiment Opens way to Expanding Services

Even as the Hungarian market is getting used to fifth-generation technology on the residential side of the business, the corporate...

Done Well, 4-day Week Could Boost Productivity, Employee Happiness

At face value, a four-day workweek looks tempting for the employee, but what about the employer? It could significantly benefit...

Ganz Intelligent Solutions Launches new Tech for Transformers

Storied Hungarian manufacturer Ganz has introduced new technology that helps transformers reach their peak performance, saving costs and contributing towards...

Banks Enjoy Digital Advances, Serving Increasingly Tech-savvy Customers

If anything, the adage of technology disrupting every industry is amplified in banking. Beyond the usual suspects of AI and...

Economic Strains Grow, but Banks Will Weather the Storm

Rising inflation, the escalating energy crisis, interest rate freezes, and extra taxes have increased the strain on banks operating in...

Global Energy Crisis Increases Electric Vehicle Expenditure

With motorists eyeing greener transport options, electric vehicles are gaining ground in Hungary. Yet, driving a pure EV has gotten...

Chameleon Smart Home Solutions Developer Enters BSE Xtend

Innovative home solutions are rising in Hungary, even if the market lags internationally. Chameleon Smart Home Plc. recently floated its...

Investment Prospects from China to Lift Automotive Sector in 2023

2023 comes with a challenging outlook, and the automotive industry seems likely to remain vulnerable to economic headwinds. However, for...

SSCs Mature Into GBSs as They Provide Higher Added-value Functions

As shared services centers have graduated to business services centers and now, increasingly, to global business services centers, the industry’s...

AutoWallis’s new Partnership, Acquisition Boosts 2023 Business Outlook

In less than 24 hours, the AutoWallis Group announced an acquisition (and hence entrance to anew market) and asustainable energy...

Consolidating Telcos Battle Challenges as Data Thirst Grows

The consolidating Hungarian telecommunications market is shaped by a handful of drivers mainly fuelled by technological advancement, changing customer behavior,...

Speeding Automotive Sector Lifts Industrial Output but Future ‘Uncertain’

The automotive sector, Hungary’s leading manufacturing segment, has shown accelerated growth recently, boosting the headline industrial figure. While the improved...

Green Transition Comes with Challenges, Many Long-term Benefits

As Europe grapples with its energy crisis, more businesses in Hungary are thinking about making their operations greener and more...

Challenges Await in Booming IT Integrators’ Market

The pandemic gave a much-needed push for businesses toward digital transformation, which has lifted the profile of IT integrators and...

Incentives Boost E-car Adoption but Raise tax Uncertainties

Incentives and benefits created to bolster the broader adoption of electric vehicles are helping lift sales. But as rules and...

Normalizing 5G Sentiment Opens way to Expanding Services

Even as the Hungarian market is getting used to fifth-generation technology on the residential side of the business, the corporate...