Christian Keszthelyi

Die Welt: Orbán leads Hungary as a football team

Hungary’s Prime Minister Viktor Orbán leads his country much like he might lead a football team, employing strategies that would...

Transport

Wizz Air passenger numbers grow 17%

Hungary-based low-cost airline Wizz Air carried 15.8 million passengers in 2014, an increase of 17% as compared to the previous...

Figures

CPI surprises analysts with 0.9% drop

Hungary’s deflationary trend outdid expectations of analysts as the consumer price index dropped a year-on-year 0.9% in December, accelerating from...

Transport

Héviz-Balaton Airport passenger numbers reach 33,000

Passenger numbers at the Héviz-Balaton Airport in western Hungary increased 18% to 33,000 in 2014, managing director Attila Benkő told...

Transport

Budapest Airport sees record traffic in 2014

In line with expectations, Liszt Ferenc International Airport in 2014 saw a record number of 9,155,000 passengers, which is 7.5%...

Issues

European Court of Human Rights rules against Hungary in tobacco license case

The Hungarian state has been ordered to pay Lászlo Vékony the equivalent in forints of €15,000 for damages and €6,000...

Telco

SZTA venture capital fund invests in UT Automotive

The state-established venture capital fund for SMEs, Széchenyi Capital Investment Fund (SZTA), has invested HUF 225 mln in automotive industry...

Competition

Gov’t spokesman: Tesco layoffs not our fault

The latest announcement by Tesco that blames the new regulations on supermarket fees for the pending closure of 13 Hungarian...

In Hungary

TVK shares suspended pending announcement

TVK, the petrochemicals unit of Hungarian oil and gas company MOL saw the suspension of trade in its shares earlier...

Budapest mayor eyes congestion charge

According to Budapest mayor István Tarlós, Hungary’s capital could see the introduction of a congestion levy by the end of...

Competition

Chamber membership declines

Some 555,000 companies paid their annual business chamber registration fees in 2014 – a decrease from the 595,000 paid the...

Telco

KSH: Guest nights slow 3.3%

The number of guest nights at commercial accommodations in Hungary slowed to a year-on-year 3.3% to 1,481,000 in November from...

History

State-owned utilities company to launch in spring

Hungary's new state-owned utilities company with ownership rights and regulatory powers allocated to the head of the Prime Minister’s Office,...

Retail

Tesco to pay higher severance than required

The Hungarian unit of UK retailer Tesco will provide the 564 workers it is laying off with higher severance pay...

Visits

Szijjártó: New U.S. investments expected

Hungary’s Foreign Minister Péter Szijjártó is anticipating the announcement of three new U.S. investments worth $15.5 mln to be made...

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...