Christian Keszthelyi

Food

EuroFleet revenue grows to HUF 1.3 bln

Fleet manager EuroFleet saw a year-on-year revenue increase of 5% to HUF 1.3 bln last year, while profit rose from...

Transport

Wizz Air to open base in Kosice

Hungarian low-cost airlines Wizz Air is scheduled to open a base in Kosice, Slovakia, on June 5, three months ahead...

Deals

BSE relocates to Szabadsag tér

The Budapest Stock Exchange (BSE) has moved to the Bank Center building on Szabadság tér from its previous location on...

Competition

Oriana, Invitel sign cooperation agreement

Business app creator Oriana and telecommunications service provider Invitel signed a cooperation agreement to boost innovation, the two companies announced...

Telco

Jófogás to take over users of peer OLX in a few months

Norway's Schibsted Media Group, owner of free classifieds website Jófogás, and South African media company Naspers, owner of peer OLX,...

Retail

Tax authority seizes 27 tons of loose tobacco

Hungarian tax and customs authority NAV seized 27 tons of loose tobacco last year, up from the previous year’s 6.7...

Sights

Analysts: MNB to keep base rate on hold

All 17 analysts polled by Reuters between February 16-20 expect that the Hungarian central bank’s Monetary Council will keep the...

Tourism

Hungary population decline slows in 2014

The decline of Hungary’s population slowed in 2014, with the number of births rising and the number of deaths remaining...

Int'l Relations

British, Hungarian foreign ministers to meet on Thursday

British foreign minister Philip Hammond (pictured) is scheduled to visit the Hungarian foreign minister Péter Szijjártó on Thursday on the...

EU

Austrian chief says Spar to stay in Hungary

Spar supermarket chain has no intention of pulling out of Hungary, though the company objects to some regulations in the...

Food

Report: Retail sales up by 3.2% in Hungary

Hungary’s retail sales of food, household chemicals and cosmetics increased by a year-on-year 3.2% in Q4 last year, market research...

Deals

Xerox Magyarország welcomes new general manager

Marius Persinaru was appointed country general manager at Xerox Magyarország, the company announced yesterday....

Recycling

Government to compensate sludge disaster victims with HUF 400 mln

The Hungarian state determined that it would provide HUF 400 mln in compensation for non-material damages to victims of the...

Telco

PannErgy losses decrease on rising revenue

Hungarian geothermal energy company PannErgy saw after-tax losses narrowing to HUF 96 mln in Q4 last year from HUF 249...

Food

Hajtó-Mű to build €6 mln production hall

Hungarian electric motor producer Hajtó-Mű plans to invest approximately €6 mln to build a new production hall at its base...

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...