Christian Keszthelyi

Deals

EY to increase headcount in Hungary by 100

EY is expanding in Hungary in the coming fiscal year and is expected to increase headcount by 100. The new...

History

Semmelweis University, GE sign cooperation agreement

The Semmelweis University in Budapest and the local unit of General Electric signed a cooperation agreement today to support the...

MNB

Rogán: Beva should compensate investors for corporate bonds

Hungaryʼs Investor Protection Fund (Beva) should also offer compensation to investors for corporate bonds, Fidesz caucus leader Antal Rogán said...

Deals

Hungary leads clinical trials in Europe

The annual average of Hungarians participating as patients in clinical tests is somewhere between 15,000 and 20,000 the chairman of...

Sights

Prologis leases a total of 76,250 sqm in Hungary in January-February

Prologis signed lease agreements totaling more than 76,250 sqm in Hungary, including 13,250 sqm of new leases and 63,000 sqm...

Deals

Quaestor owner says no assets stripped from group

Quaestor Group majority owner Csaba Tarsoly (pictured) told Hungarian news agency MTI yesterday that despite news reports, no assets had...

Transport

Wizz Air to compensate customers

Hungarian low-cost airline Wizz Air today confirmed that “following established practice under English law and English court procedures, an application...

Telco

Bookings up at Lake Balaton campsites

Bookings for the summer season at Lake Balaton are already up more than 50% as compared to two years ago,...

Retail

Ministry publishes 2011 survey on Sunday closures

Hungary’s National Economy Ministry today published the results of a survey it commissioned in 2011 to explore how Hungarians felt...

NAV chief refuses to attend hearing

The head of Hungaryʼs National Tax and Customs Authority (NAV), Ildikó Vida, who admitted earlier that she was banned from...

Awards

Lázár: Fidesz could lose a referendum on Sunday closures

If a referendum is held on the recently approved Sunday closure legislation, which restricts retailers from opening on Sundays, the...

Food

Official: Smoked meat sales exceed 6,000 tons during Easter

Martina Mostisch, the executive secretary of meat industry association Hússzövetség, saw sales of smoked meat products exceed 6,000 tons in...

Competition

Report: Official urges stricter oversight, joint supervision

Hungary’s National Economy Ministry has agreed with the National Bank of Hungary (MNB) that more stringent oversight rules should be...

Telco

Packaging company to build HUF 868 mln production hall

Hungarian packaging company Sipospack in Sóskút, central Hungary, is planning to establish a new 2,400 sqm production hall and will...

Transport

Wizz Air to face legal action by CAA

Hungarian low-cost airline Wizz Air, along with Aer Lingus and Jet2, are facing legal action by U.K. Civil Aviation Authority...

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...