Christian Keszthelyi

Interview

Lázár, Simon submit bill to lower excise guarantee

Cabinet Chief János Lázár and state secretary Simon L. László yesterday submitted a bill that would reduce the excise tax...

Analysis

KDNP submits family bankruptcy draft bill

Junior governing alliance partner KDNP has submitted a draft bill to the Justice Ministry that would introduce family bankruptcy in...

Telco

Demján’s Arcadom under liquidation

Liquidation has been ordered on Arcadom, a building company indirectly owned by construction industry magnate Sándor Demján, and if talks...

History

Consultations on Transatlantic Trade and Investment Partnership under way

The Hungarian Ministry of Foreign Affairs and Trade and the head of the Hungarian Chamber of Commerce and Industry (MKIK)...

Deals

Croatia, Poland ask to see FX phaseout details

The governments of several Central European countries want to see details on how Hungary is phasing out foreign currency-denominated retail...

Telco

Magyar Posta: No layoffs planned

Hungarian state-owned postal company Magyar Posta is planning no layoffs despite the decrease in the use of postal services in...

Food

Richter: Schizophrenia drug does well in trial

Hungarian drugmaker Gedeon Richter and Dublin-based partner Actavis today announced positive results from a "phase III trial" evaluating the effectiveness...

History

Tesco: More layoffs coming

Tesco will close its six units offering optician and photography services, which will in turn cause the layoff of two...

Conferences

SPAR plans new openings

Despite speculations that grocery chain SPAR would close units due to the recently approved legislation restricting retailers from opening on...

Competition

Auchan: No closures planned in Hungary

Auchan Magyarország has no intentions of closing any of the 19 hypermarkets and 16 gas stations the chain operates in...

Pharma

AsiaInfo establishes support center in Hungary

Chinese software developer AsiaInfo inaugurated a European support center on the outskirts of Budapest in the local headquarters of Telenor,...

Deals

EBRD: Hungary’s GDP growth forecast at 2.4%

The European Bank for Reconstruction and Development (EBRD) raised its forecast for Hungary's GDP growth this year to 2.4%, from...

Green Energy

Nord-Point inaugurates HUF 300 mln solar power plant

Nord-Point, a Hungarian family-owned business, inaugurated an approximately HUF 300 mln solar power plant in Berettyóújfalu in northestern Hungary today....

Issues

Orbán: FX issues to be settled between banks and debtors

Foreign currency denominated loan issues should be handled between lenders and borrowers, while the Hungarian government could act as a...

Rogán: Hungary could be ready for euro by 2020

It appears that the Hungary could be ready for discussions regarding the possible introduction of the euro currency sometime around...

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...