Christian Keszthelyi

Automotive

Report: Used car imports to Hungary rise 36.8% in 2014

Imports of used cars to Hungary jumped by a year-on-year 36.8% to 96,747 in 2014, with light commercial vehicle imports...

Banking

Reports: Ad tax to be cut; RTL Klub to stay critical

Hungary’s Cabinet Chief János Lázár told reporters yesterday that he will propose a reduction to the advertising tax at the...

Pharma

Linamar Hungary winds up HUF 5 bln investment

The Hungarian unit of Canadian-owned Linamar, farm machinery and automotive parts manufacturer, today wound up a HUF 5 bln development...

Competition

Schwabe companies fined for misleading advertising

Hungary's Competition Office (GVH) fined Schwabe Hungary HUF 315,000 and Schwabe Central and Eastern Europe HUF 4.53 bln on charges...

Awards

Invitel sees record number of applicants

Hungarian tele- and info-communications company, Invitel saw a record number of 114 applicants for its InnoMax grant last year, and...

Deals

MFB streamlining to save HUF 2 bln annually

State-owned Hungarian Development Bank (MFB) said today that it is expecting to see annual savings of approximately HUF 2 bln...

Energy Trade

Gas deliveries from Hungary to Ukraine slow

Gas deliveries from Hungary to Ukraine has dropped dramatically — from approximately 3 million cubic meters to about 5,000 cubic...

Initiatives

Bakamo.Social enters second round of Insight Innovation Competition

Hungarian startup Bakamo.Social, which provides a new way to analyse data from social media, is participating in the second round...

Retail

Hungarian startup KwaliTools acquired by VisionLive

Hungarian startup KwaliTools, which was created to capitalize on online opportunities in the market research sector, was acquired by online...

City

Hungarian state eyeing new national airline

The Hungarian government has expressed its intention to re-establish a national airline and is open to negotiations with any investor...

Analysis

PC sales jump 8% in 2014 in Hungary

Sales of personal computers in Hungary jumped by a year-on-year 8%, reaching 590,000 units in 2014 despite the y.o.y. 16%...

Deals

MNB clears TVK buyout offer by MOL

The Hungarian central bank (MNB) approved a voluntary public purchase offer by oil and gas company MOL for the outstanding...

Automotive

New car sales climb 11% in January

Registrations of new passenger car registrations in Hungary rose by a year-on-year 11%, reaching 4,898 in January, while light commercial...

Visits

Merkel questions Orbán’s term ‘illiberal democracy’

In a joint press conference following her meeting with Hungarian Prime Minister Viktor Orbán in Budapest today, Germany’s Chancellor Angela...

Pharma

Ambassador: German firms re-invest half of profits in Hungary

German companies reinvest over half of their local units' profits in Hungary, German ambassador Lieselore Cyrus said in an interview...

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...