Christian Keszthelyi

Telco

Report: Economy Ministry plans no casino concessions

The National Economy Ministry reportedly has no intentions to call further tenders for casino concessions, as calling tenders is “only...

History

MOL acquires ENI Romania’s gas stations

Hungarian oil and gas company MOL announced today that it had completed the acquisition of ENI Romania, including 42 gas...

History

Democratic Round Table expresses pro-EU views

The Democratic Round Table called for all the citizens and organizations of Hungary who believe in democracy “to manifest their...

Retail

Avnet TS welcomes new regional communications chief

The Hungarian unit of U.S.-based Avnet Technology Solutions, a global leader in technology distribution, has seen the appointment of Tibor...

Sustainability

Report: Home sales jump 54% in January

Homes sales in Hungary reached 9,040, which translates as a year-on-year rise of 54%; sales were down, however, from December’s...

Analysis

Varga calls FX loan conversion ‘historical’

Hungary’s economy minister Mihály Varga referred to the February 1 foreign-currency-denominated home loan conversion into forints as a “historical balance...

Conferences

Varga: Bank levy could be lowered

Economy minister Mihály Varga said this morning on state-owned M1 TV and Kossuth radio that ongoing talks are under way...

Sustainability

KSH: Trade surplus at €843 mln in November

Hungary’s Central Statistics Office (KSH) raised November’s trade surplus to €843.1 mln from the first reading of €831.8 mln released...

Conferences

Hungarian Chamber of Agriculture, TakarékBank sign strategic agreement

The Hungarian Chamber of Agriculture (NAK) and TakarékBank Zrt. on Friday signed a strategic agreement designed to facilitate the implementation...

EU

Thousands join anti-government demo

A protest entitled “Spring comes, Orbán goes” held yesterday, a day before Germany’s Chancellor Angela Merkel’s visit to Budapest, attracted...

History

Rogán: Bank levy won’t decrease until 2016

Fraction leader of ruling Fidesz party Antal Rogán said today that he expects the bank levy to be reduced no...

Pharma

Alcoa winds up $13 mln expansion in Hungary

U.S.-based aluminum company Alcoa today inaugurated a $13 mln expansion at its wheel plant in Székesfehérvár in norwestern Hungary with...

In Hungary

Magyar Posta launches check terminals by February

State-owned postal service, Magyar Posta, is scheduled to start operating 19 automated postal check terminals at large retailers and train...

Sights

BP zoo to wind up HUF 25 bln expansion

The Hungarian government allocated HUF 25 bln for the construction of a new complex at the Budapest Zoo, government spokesman...

History

PM confirms talks with RTL Group on ad tax

Prime Minister Viktor Orbán confirmed that the Hungarian government has been talking with German RTL Group about lowering the advertising...

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...