Christian Keszthelyi

Issues

Complaint seeks media authority probe of Simicska

The National Media and Infocommunications Authority of Hungary (NMHH) could investigate the Friday transaction in which media oligarch Lajos Simicska...

History

Simicska tones down his rancor

Toning down his call for a "media war" that he made on Friday, Lajos Simicska said he did not order...

Incubators

ContentLAB & Factory offers screenwriting scholarship

ContentLAB & Factory is offering a screenwriter's scholarship with an application deadline of February 18, the company announced in a...

In Hungary

National Mobile Payment Company, Volán sign agreement on National Electronic Ticket Platform

Hungarian state-owned National Mobile Payment Company and transportation company Volán Egyesülés signed a cooperation agreement focused on creating a National...

Analysis

Hungary to introduce quality trademark for youth hostels

Hungary's National Economy Ministry, which is in charge of tourism, is planning to introduce a quality trademark system for youth...

Hungary to bid for 2024 Olympics Games

The Hungarian Olympic Committee’s general assembly on Friday announced intentions of a possible bid to host the 2024 Olympic Games...

History

Official: Deficit expected to remain under threshold

Hungary's generel government deficit is expected to stay under the European Union’s 3% threshold even in the event that the...

Deals

Editors from Simicska’s media outlets resign

Citing “reasons of conscience” the leaders of Magyar Nemzet, MNO, HírTV and Lánchíd radio have all resigned effective immediately, Hungarian...

Banking

Simicska says he plans ‘media war’ with Fidesz

A proposed new advertising tax regime would mean a higher tax bill for the thus-far government-friendly media outlets owned by...

Analysis

Qatar buys villa on Andrassy út for embassy

The State of Qatar has bought the former villa of Hungary's Dignitary Protection Service situated on the capital's posh Andrássy...

Recycling

Rogán: Budapest to receive new hospital

Lawmakers of the governing Fidesz-KDNP coalition proposed the building of a new hospital in Budapest, Fidesz faction leader Antal Rogán...

Food

Report: Ministry will not lower public transport fares

Hungary’s Development Ministry is not planning on lowering public transport fares, as public transportation fees set out in public service...

Automotive

KSH: Industrial output grows by 4.6% in December

Output of Hungary's industrial sector grew by a year-on-year 4.6% in December according to workday-adjusted figures, however, it slowed from...

Telco

Zwack profits jump 22% to HUF 2.3 bln

Hungarian Zwack Unicum, the country’s best-known spirits maker, saw a year-on-year 22% increase in after-tax profit of HUF 2.3 bln...

Visits

Putin to discuss gas, trade in BP visit, official says

During his February 17 meeting with Hungary's Prime Minister Viktor Orbán in Budapest, Russian President Vladimir Putin will discuss natural...

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...