Christian Keszthelyi

Recycling

Mayor: More P+R places needed

Before the congestion charge can be introduced in Budapest, at least 20,000 park and ride spaces need to be built,...

Deals

Report: Hungarian economy shows slow growth

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

Analysis

MNB tightens withdrawal limit at DRB Bank group

The National Bank of Hungary today reduced the limit on withdrawals from the members of troubled DRB Bank group to...

Analysis

KSH: Retail sales climb 5.6% in December

Retail sales in Hungary saw a year-on-year rise of 5.6% in December according to calendar year-adjusted data, and were up...

Music

MTel, Telenor 800 MHz network tie-up cleared

Hungary's National Media and Infocommunications Authority (NMHH) today approved the merger of the networks of Magyar Telekom, the Hungarian subsidiary...

Conferences

Nomura foresees self-assured economy for Hungary in the short term

Nomura sees the Hungarian economy taking a positive turn in the short term which could extend into the middle of...

Competition

Survey: Hungarian companies ignore corruption risks

The majority of Hungarian business chiefs see that corruption and breaches of ethics are not present in their companies, however...

Int'l Relations

Colleen Bell opens contest for Hungarians

U.S. ambassador to Hungary Colleen Bell opened a contest for Hungarians to help her get to know the country and...

Visits

Report: Bell meets PM Orbán

U.S. ambassador to Hungary Colleen Bell reportedly met Hungary’s Prime Minister Viktor Orbán yesterday evening at a dinner party at...

Analysis

Prezi now available for Android systems

Hungarian online presentation software Prezi is now available for Android devices after being available for iOS users since November 2012,...

Competition

Aldi fined HUF 48 mln in Hungary

National Food Chain Safety Office (NÉBIH) fined retail chain Aldi in Hungary HUF 48 mln for suspected “unfair treatment” of...

Int'l Relations

Hungarian-Turkish summit has begun

Hungary’s foreign minister Péter Szijjártó will meet with Turkish economy minister Nihat Zeybekci and foreign minister Mevlüt Cavusoglu during a...

Office Market

KSH: Home building permits rise 28% in 2014

The number of permits issued for the construction of new homes rose by 27.8%, reaching 9,633, last year for a...

Telco

MOL books HUF 68.6 bln loss in Q4 due to lower oil prices

Hungarian oil and gas company MOL saw a net loss of HUF 68.6 bln in Q4 last year as revenue...

Visits

Growing concerns over Paks upgrade

European officials have warned that the energy agreement between Hungary and Russia regarding the upgrade of Hungary’s sole nuclear power...

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...