Christian Keszthelyi

Initiatives

Official: Hungary, Germany want peace in Ukraine

Hungary and Germany are in complete agreement regarding the need to address the embargo ordered by Russia, Gyula Budai, ministerial...

Conferences

Varga: Banking tax stays, could be lowered

Although Hungary introduced the extraordinary bank levy as a temporary measure for three years in 2010, it became permanent in...

Telco

Tamási-Hús expects 28% revenue increase in 2014

Austrian-owned meat processing company Tamási-Hús is expecting to see a year-on-year rise of 28% in its 2014 revenue, to reach...

Deals

Winemaker Danubiana puts 2014 revenue growth to 7.5%

Hungarian winemaker and wine trader Danubiana (based in Bonyhád, southwestern Hungary) projects a revenue of €13.3 mln for 2014, up...

Sights

Referendum sought on Sunday closures

Trade union alliance Liga and business association VOSZ are seeking a referendum on the legislation approved late December applying restrictions...

History

Bloomberg: Orbán makes world’s best trade on CHF loans

Hungary’s Prime Minister Viktor Orbán “is being hailed as a hero for warding off financial disaster with his quest to...

Retail

Hungarian Praktiker acquired by Swiss investor Papag

Switzerland-based Papag AG is scheduled to take over the chain of Praktiker D.I.Y. shops in Hungary from the German do-it-yourself...

Deals

György Barcza appointed ÁKK chief

György Barcza was appointed CEO of the Government Debt Management Agency (ÁKK) today by Economy Minister Mihály Varga, the National...

Demos: Unhappy campers lack leadership

The following article is from the January 16-29 print edition of the BBJ:...

Construction

KSH: Construction sector output grows 8.8%

Output figures of Hungary's construction sector rose by a year-on-year 8.8% in November, slowing from a 15.8% rise in the...

Recycling

Takata begins test production in Hungary

Japanese airbag manufacturer Takata's new plant in Miskolc in northeastern Hungary began test production on its units, regional daily Észak-Magyarország...

Sights

Hungarian companies show at Grüne Woche

Hungarian companies are showing marcipan desserts, spices, game meats and mangalitsa pork among other products at a 300 sqm stand...

Telco

Gemtech completes HUF 467 mln investment

Hungary's Gemtech completed a HUF 467 mln technology investment, which is expected to boost efficiency, at its base in Nyíregyháza...

Pharma

Japan’s Alpine to invest $39 mln in Hungary

Japanese electronics company Alpine is planning to invest $39 mln at its plant in Biatorbágy, on the outskirts of Budapest,...

Competition

Transylvanian business chamber to open offices in Bucharest, Budapest

The Carpathian Hungarian-Romanian Chamber of Commerce and Industry is planning on opening offices in Bucharest and Budapest by the end...

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...