Christian Keszthelyi

Deals

Reuters: OTP to raise offer for NKBM

Hungary's OTP bank is currently in negotiations with its Slovenian state-owned peer Nova KBM (NKBM) and is planning to raise...

Telco

Ministry recommends winding up Unite Against State Debt Fund

Hungary's National Economy Ministry has recommended winding up the Unite Against State Debt Fund, following an audit last year that...

Recycling

Hungarian startup receives €1 mln

Budapest-based start-up QuantisLabs which created SmartVineyard, a cutting edge Hungarian diagnostic technology designed to protect vineyards grapes against diseases, has...

Hotels

Hotel and Restaurant Association distributes hotel awards

The Hungarian Hotel and Restaurant Association has awarded Corinthia Hotel Budapest and Mamaison Hotel Andrássy Budapest with the "Hotel of...

Telco

Dunapack welcomes HUF 1.7 bln expansion

Hungary-based paper packaging company Dunapack, a member of Austria's Prinzhorn group, inaugurated a HUF 1.7 bln technology investment at its...

Competition

ENEFI could pay HUF 700 mln in back taxes

Hungarian Tax and Customs Authority launched a collection procedure against energy service provider ENEFI on the request of the Romanian...

Awards

Falcon partner fails to complete Hungarian drilling project

The Serbian partner Naftna Industrija Srbije (NIS) of Denver-based Falcon Oil and Gas company, which has a license to operate...

History

Büki: Road blockade will take place

Zoltán Büki, the former MP of Együtt-PM, said the road blockade he is currently organizing will be held on March...

OLAF probes Budapest development project

The European Union's anti-fraud office, OLAF, has been screening public procurement deals connected to a refurbishment project that took place...

Visits

Juncker pulls Orbán off the stage

European Commission’s President Jean-Claude Juncker grabbed the hand of Hungary’s Prime Minister Viktor Orbán following their handshake in front of...

Food

Masterplast, Italian partner sign strategic agreement

Hungarian building materials company Masterplast signed a long-term strategic agreement with an Italian building materials manufacturer and distributor at the...

Interview

State-owned utility company to be launched February 28

The Hungarian government has mandated that the First National Utilities Company (ENKSZ) launch its business with share capital of HUF...

Telco

Gyula Castle Spa visitor numbers rise in 2014

Despite last summer's unfavorable weather, visitor numbers at the expanded Gyula Castle Spa in southeast Hungary reportedly rose by a...

Telco

Eximbank outlays reach HUF 327 bln in 2014

State Secretary László Szabó said today that outlays of Magyar Export-Import Bank (Eximbank) reached HUF 327 bln in 2014....

Deals

Competition office fines OTP, Eximbank

Due to delayed submission of the request for approval for the acquisition of joint control over "Fordulat" Equity Fund, the...

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...