Christian Keszthelyi

Drinks

Used car sales reach half million in Hungary

Even though the average price of vehicles rose by 9% to over HUF 1.6 mln, approximately 500,000 used cars were...

Competition

GVH fines HYD for false advertising

Hungary's Competition Office (GVH) fined HYD HUF 30 mln after making unsubstantiated health claims about its Preventa products in advertisements,...

History

Varga accepts Töröcskei’s resignation

National Economy Minister Mihály Varga accepted the resignation of István Töröcskei from his position as CEO of Hungary's Government Debt...

Juhász organizes anti-corruption walk

Saying that he is still awaiting news on charges against MP Antal Rogán that he personally filed with the police,...

Energy Trade

FGSZ confirms gas export to Ukraine

FGSZ, Hungary's gas transmission system operator, confirmed today that gas exports to Ukraine have resumed and approximately 2.6 million cubic...

Sights

Hungary levies tax on solar panels

Given that solar panels are considered a significant contributor to pollution – category 3 on a scale where batteries are...

Visits

Orbán: ‘Immigration needs to be stopped’

Hungary’s Prime Minister Viktor Orbán yesterday criticized the flow of economic immigrants to Europe, according to reports. “We don’t want...

Tourism

Hungarian visits to Croatia up 10% last year

Some 397,000 Hungarians spent more than 2.15 million guest nights in neighboring Croatia in 2014, the highest numbers in eight...

Food

Survey: Few Hungarians switch banks

Just 4% of Hungarians between the ages of 18 and 65 switched banks last year, according to a representative survey...

Initiatives

Reports: Central bank sues weekly over MKB leak

The Hungarian central bank (MNB) is suing Hungarian weekly Figyelő for allegedly leaking information on the Hungarian state’s acquisition of...

Automotive

Audi turns out 2 mln engines in 2014 in Hungary

The Hungarian unit of German car manufacturer Audi turned out approximately 2 mln engines last year at its factory in...

Telco

Financial market fines rise sharply

The total amount of fines levied for financial market violations has dramatically increased since the Hungarian central bank began overseeing...

Telco

New Ford sales jump 37.8% in Hungary

The sales of new Ford models in Hungary grew last year by 37.8%, well over the 21.6% growth of the...

Telco

KSH: Exports up, trade surplus €832 mln in November

Hungary saw a trade surplus of €831.8 mln in November, with exports and imports rising by 3.2% to €7.623 bln...

Visits

Orbán airs thoughts on Merkel, Putin, U.S.

Following two weeks of holiday from the public spotlight, Hungary’s Prime Minister Viktor Orbán gave an interview for state-owned Kossuth...

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...