Christian Keszthelyi

Analysis

Magyar Posta inaugurates HUF 5.1 bln letter sorting line

Magyar Posta, Hungary's state-owned postal company inaugurated, a HUF 5.1 bln letter sorting line at its Budaörs base on the...

Analysis

GVH fines numismatic company for deceptive advertising

The Hungarian Competition Office (GVH) fined the Coin Art Institute Commerce and Services Company for HUF 10 mln due to...

Deals

Lázár to involve international help for Paks

Hungary is planning to bring together an international panel of experts to consult on the upgrade of the Paks nuclear...

Competition

Origo: Gov’t can lift Sunday closure for some

According to the recently approved law restricting retailers from opening on Sundays and during the night, the Hungarian government has...

Visits

LMP: Gov’t should step back from Paks

Although the government keeps talking about the Paks II deal in conundrum, apparently the plan is not working out well,...

Initiatives

Gov’t exempts Főgáz acquisition from GVH scrunity

The Hungarian government declared its acquisition of 49.8% of the shares of Budapest gas distributor Főgáz via state-owned Hungarian Development...

Deals

KSH: Gross wages up 3.3%

The average gross wage in Hungary rose by 3.3% to HUF 237,539 in October from the same month a year...

Food

KSH: Retail sales climb 5.2%

Retail sales in Hungary rose 5.2% year-on-year in October according to both calendar year-adjusted and unadjusted data, the Central Statistics...

Telco

Libri to see HUF 9.1 bln revenue this year

Hungarian book retailer Libri said today in a statement that it expects to see a net sales revenue of HUF...

Government

Report: Fidesz MP fined for voting against party

MP János Bencsik of the Hungarian governing Fidesz party was fined HUF 300,000 for being the single MP in Fidesz...

Competition

Auchan: We will stay in Hungary

The CEO of Auchan’s Hungarian unit, Dominique Ducoux, said that nobody and nothing can distract Auchan from their mission of...

Competition

Matolcsy: Forint’s drop not a Hungarian problem

There is no special Hungarian story behind the latest weakening of the forint, and the central bank's international reserves provide...

History

Central banker and PM discuss bank holdings

Central bank governor György Matolcsy said today that the National Bank of Hungary guarantees to provide the "full liquidity" of...

Gov’t in talks with Erste, Raiffeisen

On behalf of the Hungarian government, János Lázár, the minister of the Prime Minister's Office, is in negotiations with Austria’s...

World

Lázár ready to ditch Russia, use ‘war logic’

Cabinet chief János Lázár said that a €10 bln line of credit from Russia for new reactors at Paks does...

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...