Christian Keszthelyi

Awards

Three Hungarian startups exhibit at UCLA career fair

Hungarian startups Tappointment (pictured), Funspotter and Remotaid exhibited in Los Angeles at the UCLA Anderson School of Management Career Fair...

Initiatives

Central bank launches renminbi initiative

The Hungarian National Bank (MNB) today announced the launch of its Renminbi Program (JRP), given that the “internationalization of the...

Telco

Television ad revenue grows 10%

Net revenue from television advertising rose by 10%, reaching HUF 50 bln last year, the first increase in the past...

Banking

Tax auditors to continue careful observation

The auditors of Hungary's Tax and Customs Authority (NAV) will continue to pay special attention to internet commerce, sole proprietors...

History

Report: Government’s pressure on media grows

Last year the Hungarian media scene was chiefly characterized by the centralization of state advertising, growing government pressure on media...

Telco

VAT revenue climbs due to crackdown on tax evaders

Due to the mandatory installment of electronic tills directly linked to the Hungarian tax office, and the Hungarian government’s squeeze...

Green Energy

Mátrai Erőmű to build HUF 6.4 bln solar plant

Hungary's Mátrai Erőmű power plant is scheduled to begin construction of the country's largest solar power plant this spring, with...

History

Gov’t closes Sunday closure law loopholes

The Hungarian government decided not to add any more exceptions to the restrictions on Sunday business hours, government spokesperson Zoltán...

Telco

Csaba Metál inaugurates HUF 1 bln expansion

Hungarian automotive parts producer Csaba Metál inaugurated a HUF 1 bln production hall and warehouse at its base in Békéscsaba...

Visits

PM expects ‘escalating conflict’ with Brussels

Hungary is against the European Union's plan to oversee intergovernmental energy agreements created by member states, Hungary’s Prime Minister Viktor...

History

Randstad Hungary plans to raise staff to 200

Recruiting company Randstad Hungary plans to increase staff numbers to 200 from the current 70 by the end of 2015,...

Pharma

Richter, Evestra sign $ 5 mln loan agreement

Hungarian drugmaker Gedeon Richter and Texas-based biopharmaceutical company Evestra announced today that they have signed a collaboration agreement in which...

Sights

Simicska sells out his ‘media war’

Lajos Simicska on Monday sold the “vast majority” of company NEMZET Lap- és Könyvkiadó Kft, which is the publisher of...

Initiatives

Evopro to set up JV with Russian peer in Moscow

Hungary's Evopro group plans to launch a joint venture with Russian partner Nanotechnology Center of Composites (NCC) to produce buses...

Telco

Report: Insurers’ revenue from premiums climb 4%

The combined revenue from premiums of Hungarian insurers saw a rise of 4.2% to HUF 844.1 bln last year, with...

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...