Christian Keszthelyi

Telco

Kayser Automotive invests HUF 700 mln

Kayser Automotive Hungária, the Hungarian unit of an German plastic car parts manufacturer, says it wound up a HUF 700...

Awards

Eiffel Palace wins three prizes at FIABCI Hungary awards

Eiffel Palace received triple recognition in December at the FIABCI Hungary Prix d’Excellence Awards Ceremony, according to reports. The competition...

Competition

Forint dives to 320.8 per euro, near record low

The forint weakened to 320.80 against the euro at 9 a.m. and was trading around 319 to the euro by...

History

Varga: Gasoline price drop to boost 2015 GDP

Despite speculation that the 2015 budget would lose HUF 80-90 bln if the price of crude oil falls under $70...

Pharma

OCCRP: Orbán second on corruption list

Hungary’s Prime Minister Viktor Orbán was chosen the second most corrupt politician of 2014 according to an analysis of the...

Food

Halpim: Manufacturing sector nears contraction

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) dropped to 50.7 points in December, down from the previous month’s 55.1 points, the...

In Hungary

MOL hits expected production at Shaikan block

Production in the Shaikan block, a license area in the Kurdistani Region of Iraq, reached the expected 40,000 barrels of...

Int'l Relations

Foreign policy transformation reaches halfway point

The ongoing transformation of Hungary's foreign policy aimed at enforcing the country's economic interests more effectively has reached the halfway...

Analysis

5,000 protest against gov’t, new demo planned

More than 5,000 joined an anti-government demonstration organized by Facebook page “MostMi!” Friday in front of the Hungarian Opera House...

Social

10,000 set for 6 p.m. Opera House in Budapest

More than 10,000 people signed a Facebook page saying they would appear at an anti-government demonstration at 6 p.m. today...

History

Kövér: Dispute in Fidesz is wrong

Reacting to the recent dispute between cabinet chief János Lázár and Fidesz founder and District XII Mayor Zoltán Pokorni, House...

Telco

KSH: Trade surplus hits six-month low

Hungary’s trade surplus in October came to €351.0 mln, down from the €373.8 mln first reading released on December 9,...

Awards

MNB fines FUSO for violation of market influence rules

The Hungarian central bank fined FUSO Ecosystem for HUF 10 mln due to breaking rules on market influence, as its...

World

Szijjártó discusses energy in Moscow

Hungary’s Foreign Minister Péter Szijjártó and Russia’s Energy Minister Alexander Novak yesterday discussed alternative ways of delivering Russian natural gas...

Food

Elektro-Metall Paks to make electrical wiring harnesses for Airbus A350

Elektro-Metall Paks, the Hungarian unit of Germany's Elektro-Metall Export GmbH, is expected to manufacture electrical wiring harnesses for Airbus' A350...

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...