Christian Keszthelyi

Telco

Hungary launches state-owned utilities company

The Hungarian state is launching a holding company that will act as an “efficient, predictable and cheap” utilities provider, state...

Visits

EU official questions Hungary-Russia energy deal

European Union’s top energy official Maros Sefcovic said that Hungary should include the European Commission in negotiations regarding Hungary’s long-term...

Energy Trade

Szijjártó: Russia secures gas for 3-5 years for Hungary

According to the agreement signed yesterday by Hungary’s Prime Minister Viktor Orbán and Russia’s President Vladimir Putin, the amount of...

Energy Trade

Hungary, Russia sign gas deal

Hungary’s Prime Minister Viktor Orbán and Russia’s President Vladimir Putin agreed during a meeting held in Budapest yesterday that Hungary...

Issues

Hernádi is wanted by Interpol

International Criminal Police Organization (Interpol) has, once again, listed MOL CEO Zsolt Hernádi on its most wanted persons list after...

Recycling

Rosatom Chief: Paks upgrade on schedule

The construction of two new blocks at Hungary's sole nuclear power plant in Paks is proceeding according to schedule, Sergey...

Visits

On visit, Putin promises cheap gas for Hungary

Russia's President Vladimir Putin promised to provide cheap energy for Hungary over the long term yesterday in a joint press...

Automotive

273,000 drivers switch mandatory vehicle insurance providers

Out of 2.2 million Hungarian motorists eligible to switch their providers of mandatory vehicle insurance, approximately 273,000 decided to change...

Competition

Ministry not expecting prices to drop due to low fuel prices

The National Economy Ministry is not planning on intervening in market prices, as inflation is expected to remain low for...

Energy Trade

Hungary discusses energy with Serbia

Prime Ministers Viktor Orbán of Hungary and Aleksandar Vucic of Serbia, and Foreign Ministers Péter Szijjártó of Hungary and Ivica...

Telco

CIG Pannonia closes successful year

CIG Pannónia Life Insurance had before-tax revenue of HUF 954 mln in 2014, up by HUF 187 mln from the...

Tourism

Silk Way West expands cargo turnover in Hungary

Since its arrival last March, Silk Way West Airlines of Azerbaijan has doubled its monthly operation between the Hungarian and...

Conferences

Thousands demonstrate prior to Putin’s arrival

Approximately 1,500 people marched from Budapest’s Keleti Pályaudvar (Eastern Railway Station) to Nyugati Pályaudvar (Western Railway Station) to protest against...

Visits

Putin to arrive in Budapest at 2 pm, causing street closings

Russia’s President Vladimir Putin is scheduled to arrive to Liszt Ferenc International Airport in Budapest today at 2 pm, Hungarian...

Food

Ford Hungary welcomes new commercial director

Viktor Szamosi (pictured) was appointed Commercial Director of Ford Hungary, assuming the position of Andrea Kővágó-Laky, who is moving to...

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...