Christian Keszthelyi

Parliament to hold extra sessions

The Hungarian parliament scheduled extraordinary sessions for today in order to discuss planned changes to the road toll system in...

History

EC: Hungary’s operative programs ready for approval

The European Commission (EC) classified the operative programs submitted by the Hungarian government for the 2014-20 EU budget period as...

Interview

Varga anticipates lower deficit than originally expected

According to the expectations of Economy Minister Mihály Varga, this year's budget deficit could be lower than previously expected, at...

Telco

Musashi Hungary expands product range

Musashi Hungary, the Hungarian unit of Japanese vehicle parts manufacturer Musashi, signed a new supplier contract and is scheduled to...

History

Prosecution initiates suspension of Goodfriend’s immunity

The public prosecutor asked Hungary's Foreign Ministry to take the necessary steps toward lifting the diplomatic immunity of André Goodfriend,...

Visits

Bencsik: Conference focuses on Orbán’s ouster

A conference that included former Prime Minister Ferenc Gyurcsány and American charge d'affaires André Goodfriend discussed the possibility of encouraging...

Ratings

Moody’s: MFB ratings changed to stable from negative

Moody's Investors Service on Friday affirmed the state-owned Hungarian Development Bank's (MFB) Ba1 foreign-currency senior unsecured debt rating and Ba2/Not-Prime...

EU

MKB acquisition falls under EC scrutiny

The European Commission is set to review the transfer of ownership rights of MKB Bank from the state of Hungary...

Initiatives

MNB withdraws license of another savings cooperative

The National Bank of Hungary (MNB) on Friday said it withdrew the license of Magyar Vidék credit cooperative at the...

Telco

Hungary-Slovakia gas interconnector to be delayed

Launching the commercial operation of an interconnector between the gas networks of Hungary and Slovakia could be delayed due to...

Deals

Europa Brókerház activities suspended

Hungary’s central bank suspended the activities of Europa Brókerház until its ownership problems are cleared up, rejected a request to...

Initiatives

Fewer people employed at banks

The number of people working in Hungarian banks and credit institutions fell by a further 500 or 1.3%, to just...

MNB

Central bank takes over for MKB board

Experts chosen by the National Bank of Hungary (MNB) took over the tasks of the board of MKB Bank and...

Food

President returns unprofitable supermarkets amendment to lawmakers

Hungarian President János Áder declined to sign an amendment that would essentially keep major supermarket chains that are unprofitable for...

Tourism

Századvég expects 2.6% GDP growth in 2015

Századvég, a group best known for their research arm, which is closely affiliated with ruling Fidesz party, expects Hungary's economy...

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...