Christian Keszthelyi

Awards

Lawyer: Buda-Cash investigation begun on suspected embezzlement

An investigation of an unknown perpetrator suspected of embezzling funds was launched in the case of Buda-Cash, János Bánati, the...

EU

EC launches infringement procedure against Hungary

The European Commission has launched an infringement procedure against Hungary on charges that the country’s energy regulations fail to comply...

Analysis

Hungary’s PMI rises to 54.9 in February

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) saw an increase of 54.9 points in February from January’s 54.3 points, the Hungarian...

Recycling

MVM purchases hydroelectric power plant in Romania

State-owned Hungarian Electricity Works (MVM) has purchased a 7.48MW hydroelectric power plant in Romania, more precisely it a 90% stake...

Retail

Opel to set up €1.7 mln training center in Hungary

U.S.-owned car producer Opel has plans to set up a €1.7 mln training center at its plant in Szentgotthárd in...

Deals

Central bank fines savings cooperatives

The Hungarian central bank today said that it had fined savings cooperatives Bak and Environs and Pannonhalma and Environs on...

Competition

Labornite fined on charges of misleading advertising

Hungary's Competition Office (GVH) today fined Labornite Kereskedelmi és Szolgáltató HUF 1.5 mln on charges of misleading advertising....

Figures

KSH: Hungary’s producer prices fall y.o.y. 1% in January

Industrial producer prices in Hungary dropped by a year-on-year 1% in January, domestic prices fell by 4.4%, while export prices...

Tourism

KSH: Hungary’s jobless rate falls to 7.4% in Nov-Jan

The unemployment rate in Hungary among those aged 15 to 74 was 7.4% in November-January last year, down from 8.8%...

Tourism

Hungexpo opens tourism fair

Hungarian fair and exhibition organizer Hungexpo yesterday opened its annual travel fair in Budapest, featuring 258 exhibitors in an area...

Competition

Invitel, Microsoft sign strategic cloud partnership

Invitel and Microsoft announced today that they have signed a joint partnership agreement to help Inivitel develop its cloud services...

Deals

GE’s Global Operations Center in Budapest eyes expansion

On the occasion of the first anniversary of its Global Operations Center in Budapest, GE is planning to expand the...

EU

Survey: EU popularity grows in Hungary

Hungarians' views on the European Union are becoming more positive and its institutions are trusted at an above average rate,...

Banking

Cabinet chief initiates discussion of ad tax

Hungarian Cabinet Chief János Lázár has initiated the meeting of the Parliament’s economic committee to discuss possible changes to the...

Conferences

Pick Szeged workers wind up strike

Approximately 200 workers wound up the strike they started in the morning that brought the Pécs-based plant (southwestern Hungary) of...

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...