Christian Keszthelyi

Green Energy

MVM trade unit signs purchase agreement with coal-fueled power plant

MVM Partner, which is the trade unit of the state-owned Hungarian Electricity Works (MVM), signed an agreement to purchase power...

Construction

KSH: Hungary’s construction sector output down 2.2% in December

The output of Hungary's construction sector dropped by a year-on-year 2.2% in December, falling for the first time in the...

Deals

Hernádi: MOL performs well despite market conditions

MOL CEO Zsolt Hernádi said that Hungarian oil and gas company MOL is performing according to its growth plan, despite...

Issues

MOL chief’s trial postponed

The Zagreb County Court postponed the trial of MOL CEO Zsolt Hernádi, charged for alleged corruption, as the supreme court...

Crops

KBC books €15 mln profit in Hungary in Q4

Belgium-based KBC Bank booked a net income of €15 mln at its Hungarian unit in Q4 last year. This measure...

Automotive

KSH: Industry output growth slows in December

Output growth of Hungary's automotive industry, which is considered an engine of growth for the country’s entire industrial sector, slowed...

Telco

Sziget Festival budget increases to HUF 4.4 bln

The organizers of the world-renowned Sziget Festival, a week-long musical extravaganza on an island in the Danube, are expecting to...

Int'l Relations

Bell stresses importance of transparency

The transparency and predictability of regulations are the most important factors for foreign investors, U.S. ambassador to Hungary Colleen Bell...

Transport

SkyGreece to launch Budapest-Toronto flight

Athens-based SkyGreece airline is scheduled to launch direct flights between Budapest and Toronto this summer, becoming the second airline after...

Retail

Retailer Pepco to open stores in Hungary

Retailer Pepco is expected to open stores in Hungary as they are offering open positions in Budapest, Tatabánya, Veszprém, Siófok,...

Food

Analysts: Falling CPI not a cause for concern

January’s falling CPI figure of 1.4% was chiefly caused by the drop in the oil prices and does not put...

Automotive

Suzuki to launch serial production of Vitaras in March

Japanese carmaker Suzuki is scheduled to launch the serial production of the new Vitara model in March at its Hungarian...

Telco

Telenor Magyarország sales on the rise

Telenor Magyarország, the Hungarian subsidiary of Norwegian multinational telecommunications company Telenor Group, saw sales rise by a year-on-year 4.5% to...

Automotive

KSH: CPI reaches negative 1.4% in January

Hungary's Consumer Prices Index dropped by a year-on-year 1.4% in January following a y.o.y. 0.9% fall in the previous month,...

Food

Hungary, Tatarstan set up farming working group

The state of Hungary and the Republic of Tatarstan (Russian Federation) have jointly set up a working group for the...

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...