Christian Keszthelyi

Tourism

Hungary attends International Mediterranean Tourism Market 2015

Hungary's state secretary for culture opened the country's stand yesterday at the two-day long International Mediterranean Tourism Market trade fair...

Interview

MNB’s Monetary Council holds non-rate-setting meeting

The Monetary Council of the National Bank of Hungary (MNB) held a non-rate-setting meeting yesterday, where rate-setters discussed economic and...

Deals

Tax authority shuts down Europe’s largest illegal cigarette factory

Europe's largest illegal cigarette factory, located on the outskirts of Budapest, has been shut down and some 22 tons of...

Hotels

Mellow Mood Group to complete five-star hotel by 2017

Mellow Mood Group signed a contract with architectural firm Archikon for the planning of the renovation of landmark Párizsi Udvar...

Deals

Raiffeisen to close some branches in Hungary

Raiffeisen Bank International (RBI) will close some of its branches in Hungary and instead focus on its corporate and premium...

Tourism

KSH: Hog, cattle and poultry stocks climb

Farmers' stock of hogs, cattle and poultry in Hungary saw a rise last year, data released by the Central Statistics...

Tourism

KSH: Hungary guest nights up 12.5% in December

The number of guest nights at commercial accommodations in Hungary saw a year-on-year rise of 12.5%, reaching 1,463,000 in December...

History

Varga: Price of Erste stake to be determined in May

The price the Hungarian state is required to pay for a 15% stake in Erste Bank Hungary will be decided...

Banking

Lázár: PM, Bertelsmann to discuss ad tax

Hungary’s Prime Minister Viktor Orbán and the head of Germany's Bertelsmann Group, which owns Hungarian commercial channel RTL Klub, are...

Telco

Venture capital fund invests HUF 8.7 bln

Széchenyi Capital Investment Fund (SZTA), which is a state-owned venture capital fund for SMEs in Hungary, has invested HUF 8.7...

Competition

Taxis older than ten years could be banned from the streets

Hungary’s National Development Ministry is working on a draft of regulations that would ban taxis older than ten years from...

History

Raiffeisen to ‘optimize’ business in Hungary

Austria's Raiffeisen Bank International (RBI) is planning to “optimize” its business in Hungary, Hungarian news agency MTI cited RBI as...

History

Mayor: BP could receive HUF 400-500 bln in EU funds

Budapest could receive HUF 400-500 bln in direct European Union funding, “rather than zero”, over the next seven years, as...

Food

RWE-EnBW and E.on units to supply electricity to MÁV railways

German RWE-EnBW-owned Magyar Áramszolgáltató, which is the trading unit of Elmű-Émász, and energy trader E.On Energiakereskedelmi are planning to jointly...

Analysis

Survey: Hungarians plan their savings more consciously

Most people who have savings keep their financial reserves in several investment vehicles, primarily in investment funds and bank deposits,...

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...