Christian Keszthelyi

Pharma

Harman plans HUF 3.5 bln expansion in Hungary

U.S.-based audio equipment producer Harman will expand its Hungarian unit in Pécs (southwestern Hungary) within the framework of a HUF...

Issues

NAV: U.S. companies get equal treatment

Hungarian National Tax and Customs Authority (NAV) yesterday published a report in which it stated that it treats U.S.-owned companies...

Initiatives

Russia places partial ban on Hungarian poultry imports

Russia's animal health authority placed a ban on imports of Hungarian poultry products that have not been heat treated (at...

Telco

Pikopack completes HUF 2.1 bln investment

Packaging company Pikopack yesterday wound up a HUF 2.1 bln expansion at its Hungarian base in Füzesabony in northeastern Hungary,...

Pharma

3M opens innovation center in Budapest

U.S.-based company 3M has opened an innovation center in Budapest, 3M Hungária said yesterday. The company added that the newly...

Awards

Local councils to receive government support

Local councils struck by the Buda-Cash scandal are expected to receive approximately HUF 245 mln in government support under an...

Telco

Fundamenta-Lakáskassza new contracts up one-fifth

Hungarian home savings bank Fundamenta-Lakáskassza signed new home savings contracts in the amount of HUF 422 bln last year, an...

MNB

Report: Loans granted in the second phase of the Funding for Growth Scheme

Until February 27, credit institutions participating in the first and second phases of the Funding for Growth Scheme (FGS) concluded...

Automotive

Car dealers foresee two-digit growth in sales

Importers to Hungary expect a 13% increase in sales of new cars and an 11% increase in sales of used...

Pharma

BGF hosts sake tasting

Budapest Business School (BGF) yesterday hosted a sake tasting jointly organized by consultant company Sűdy és Társa and the university....

Conferences

MNB files criminal complaint over suspected offences at Széchenyi Bank

The National Bank of Hungary (MNB) yesterday announced it had filed a criminal complaint with police against unknown perpetrators over...

Figures

KSH: Retail sales growth of 8.2% best since 2004

Hungarian retail sales saw a year-on-year rise of 8.2% in January, accelerating from 5.7% in the previous month, preliminary calendar...

Deals

Alcohol consumption in Hungary jumps 25%

Alcohol consumption in Hungary increased by 25% last year, Hungarian economic daily Napi Gazdaság said yesterday citing data from the...

Banking

Lázár puts ad tax at 5-10%

Cabinet Chief János Lázár expects the modified advertising tax to reach 5-10%, as opposed to earlier press reports speculating that...

Tourism

Vehicle sales rise by 20.5% in January-February

Altogether 14,500 vehicles were sold in the first two months of the year, increasing by 20.5% on year on year...

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...