Christian Keszthelyi

Green Energy

Press chief: Consultations on Putin’s visit under way

Consultations on the timing of the planned visit by Russia’s President Vladimir Putin to Hungary are currently under way, cabinet...

History

Road blockade set for March 1

Inspired by the taxi blockade of 25 years ago, the Facebook page “Blockade against road toll and for a democratic...

Retail

Report: Tesco considers layoffs, closure of some Hungarian units

Tesco is anticipating the layoff of 500-600 employees as a result of new legislation that has placed a heavy burden...

Sights

Budaörs Mayor stops paying for public lighting

Tamás Wittinghoff, the mayor of Budaörs, informed Hungarian Transport Administration (KKK) that the local council of Budaörs will no longer...

Art

Lawyer: Road toll system is faulty

The fact that there is only one road leading to Budapest Airport and it is a toll road is unlawful,...

Sights

Public TV to be restructured as control is consolidated

Hungarian state-owned television channels are facing reorganization and consolidation of their management by March 15, according a statement released this...

Transport

Report: Wizz Air denies report of cuts in Moscow flights

MTI said today that Hungary-based low-cost airline Wizz Air reacted to a report that it would be reducing the number...

Deals

FDA approves cariprazine resubmission

The U.S. Food and Drug Administration (FDA) acknowledged the receipt of Actavis' new drug application resubmission for the antipsychotic cariprazine,...

Retail

Sunday deliveries to be restricted

The National Economy Ministry said that not only will Sunday closures of shops be enforced as of March 15, but...

Analysis

Forint could remain weak in the long term

The Hungarian forint is sliding to historcial lows and is expected to stay there for quite some time, Hungarian online...

Analysis

New road toll system may cost BKK billions

The recently introduced road toll system could cost the Centre for Budapest Transport (BKK) HUF 5-10 bln, according to calculations...

Telco

KSH: General gov’t deficit reaches 1.4% of GDP in Q3

Hungary's general government deficit came to 1.4% of GDP or HUF 108.6 bln, in Q3 2014, according to preliminary data...

Visits

Putin to visit Budapest

Russia’s President Vladimir Putin is planning to meet Hungary’s Prime Minister Viktor Orbán in March, a month after German Chancellor...

Tourism

KSH: Jobless rate edges up to 7.2%

The unemployment rate for people between the ages of 15-74 in Hungary rose to 7.2% in the September-November period, as...

World

Analyst: Forint’s slide not yet a concern

Although the Hungarian forint is trading around 320 to the euro, nearing record lows, there is no cause for serious...

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...