Christian Keszthelyi

Visits

PM: ‘A lady is coming to Hungary’

In response to questions about German Chancellor Angela Merkel’s visit to Hungary, Prime Minister Viktor Orbán told state-owned Kossuth radio...

Initiatives

Népszava: RTL will drop criticism, gov’t agrees to cut ad tax

Cabinet Chief János Lázár yesterday agreed with Andreas Rudas, regional vice-president of RTL Group, that RTL's Hungarian station RTL Klub...

History

K&H Bank: SME sentiment deteriorates

K&H Bank's latest index of SME confidence fell 5 points from the previous quarter to -15 in the fourth quarter...

Initiatives

MNB buys property at auction for HUF 2.7 bln

The National Bank of Hungary (MNB) today said it had acquired property in the capital's District II at an open...

Figures

KSH: Retail sales increase 5.1% in November

Hungarian retail sales grew by a year-on-year 5.1% in November according to both calendar year-adjusted and unadjusted data, however the...

Art

Land administration offices to start digitizing records in February

Hungary's land administration offices are scheduled to start digitalizing records, approximately 100,000 property titles and floor plans, from February, Hungarian...

Automotive

Report: Hungary’s economic acceleration indicator increases

The Hungarian business daily Világgazdaság-compiled measure of economic and financial indicators entitled Acceleration Indicator (GYIA) rose by a year-on-year 2.78%...

EU

Gov’t, baker negotiations on prices break down

Representatives of the Hungarian government, the Hungarian Bakers Association and the National Association of Food Processors failed to reach an...

Conferences

Swiss Krono Group to build €95 mln particle board plant in Hungary

The Swiss Krono Group is set to begin construction this spring on a €95 mln particle board plant in Vásárosnamény,...

Telco

FHB Bank CEO raises stake in bank to nearly 25%

A64, the asset management company owned by FHB Bank CEO Zoltán Spéder, purchased 2,991,200 FHB shares on January 23, bringing...

Tourism

KSH: Unemployment falls to 7.1%

Unemployment rate in Hungary between the ages of 15 and 74 fell to 7.1% in October-December period, down from September-November’s...

Telco

Budapest spas see more visitors in 2014

The number of visitors to Budapest's spas grew by a year-on-year 6.5%, reaching 3.5 mln last year, increased by attendees...

Transport

Emirates to offer first class on Budapest flights

Dubai-based carrier Emirates yesterday announced that it would upgrade its daily service to Budapest from a two-class to a three-class...

In Hungary

Tesco to lay off fewer employees

The Hungarian unit of U.K. retailer Tesco is planning to lay off 150-170 workers as opposed to the earlier announced...

Recycling

Saint-Gobain Hungary revenue climbs more than 6%

French building materials company Saint-Gobain saw a year-on-year 6.2% rise in its revenue last year and is expecting to see...

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...