Christian Keszthelyi

Issues

Consumer protection agency levied HUF 711 mln in fines last year

Hungary's National Consumer Protection Authority (NFH) levied fines of approximately HUF 711 mln for violations last year, some HUF 230...

History

Survey: 60% Hungarians make late mortgage payments

A representative survey from Deloitte and Scale Research revealed that approximately 60% of Hungarians with mortgages confessed to making at...

Sights

Audit office finds ‘no gross errors’ during NAV investigation

Hungarian State Audit Office (ASZ) found no "gross errors" when reviewing the National Tax and Customs Authority (NAV), the National...

Pharma

Rosenberger Magyarország winds up HUF 2.7 bln expansion

The Hungarian unit of German high-frequency and fiber optic connectors manufacturer Rosenberger has invested approximately HUF 2.7 bln to expand...

Recycling

President: Paks is not a bicycle rack

Hungary’s President János Áder will sign legislation that makes the contracts on the expansion of Hungary’s sole nuclear power plant...

History

Report: Brokerage scandals lower trust

The recent scandals surrounding brokerage firms in Hungary are expected to lower overall trust in the financial sector and Hungarian...

Telco

Hungarian brokerages manage HUF 1.95 trillion in assets

Hungarian brokerages, which operate as independent joint-stock companies, managed a total of HUF 1.95 trillion in assets for clients at...

EU

KSH: Trade surplus reaches €691 mln

Hungary saw a trade surplus of €691 mln in January, with exports rising 3.7% to €6.841 bln and imports growing...

Interview

Monetary Council holds non-rate-setting meeting

The Hungarian central bank’s Monetary Council today held a non-rate-setting meeting in order to discuss economic and financial trends, Hungarian...

Food

Hungarian products reach 80% market share

The sales of Hungarian products at local grocery stores have reached 80%, up from 2010’s 75%, chiefly do to campaigns...

Telco

Auchan Magyarország sees HUF 326 bln revenue in 2014

French-owned Auchan Magyarország saw revenue of HUF 326 bln last year, an increase from the previous year’s HUF 324 bln,...

Telco

Report: Buda-Cash scandal causes Quaestor bankruptcy

Hungary's Quaestor Financial Hrurira, a member of the Quaestor Group, was forced to file for bankruptcy protection yesterday after clients...

Telco

ANY’s net income rises 43%

ANY Security Printing Company saw a net income rise of 43%, to HUF 1 bln, last year due to higher...

Recycling

Japan’s NHK Spring to build factory in Hungary

Japanese NHK Spring will build a 11,000 sqm automobile suspension plant in Hungary, and expects production to start in December...

Automotive

Zoltek, government sign agreement

Japanese firm Zoltek signed a strategic cooperation agreement with the Hungarian government today on plans to expand capacity and raise...

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...