Christian Keszthelyi

EU

Rail line renovation inaugurated

Southeastern Hungary saw the inauguration of a 32-km section of rail line after a renovation of HUF 39 bln expanded...

Deals

State’s MFB buys gas firm stakes from state entities

The Hungarian government apparently moved further on plans to establish a state-owned public utility company yesterday, when Parliament approved measures...

MNB

Student loan rates to stay unchanged

State-owned student loan provider Diákhitel Központ is planning to keep the interest rate on its loans unchanged for the period...

Banking

HVG: Tax may drive TV2 production abroad

Commercial channel TV2, which has Fidesz-friendly ownership, is considering relocating its production abroad, in order to avoid the burden that...

Conferences

Varga: 2015 GDP growth to reach 3%

Hungary's GDP growth rate is expected to rise 0.5-0.6 percentage point over the 2.5% target for next year if oil...

Visits

Belgrade-Budapest rail construction agreement signed

The prime ministers of Hungary, Serbia, China and Macedonia signed an agreement in Belgrade at the Central and Eastern Europe-China...

Competition

MNB publishes guidelines for banks on application of ‘fair banking’

The National Bank of Hungary (MNB) published guidelines on the main principles it expects banks to follow when applying the...

MSZP gathers support for road toll parliament session

The Hungarian Socialist party (MSZP) collected the required number of signatures for an extraordinary parliamentary session initiated by the party...

History

Tobacco firms: New law could hurt economy

The law on a single centralized tobacco distribution company, which was approved by the Parliament on Monday, carries substantial economic...

Retail

Thousands of Suzukis to be recalled

Thousands of Suzuki cars have been recalled by the Hungarian Suzuki factory in Esztergom, Hungarian online daily HVG reported late...

History

Hungarian National Trading House to open in Tel Aviv

Another office of the Hungarian National Trading House (MNKH) is expected to open in Tel Aviv in Q1 next year,...

History

Thousands join another anti-government march

Thousands of anti-government protesters, many carrying EU flags, marched from József Nádor tér to the Parliament building yesterday evening. They...

Food

Union: State control of tobacco to cost 1,200 jobs

The bill approved by the Hungarian parliament yesterday on the establishment of a centralized distribution company for tobacco products will...

Telco

Extraordinary healthcare contribution by tobacco companies approved

The Hungarian Parliament approved a legislation requiring tobacco companies to pay a one-off healthcare contribution next year, Hungarian news agency...

Int'l Relations

Hungarian-Romanian business office opens in Nyíregyháza

Hungary and Romania opened a business coordination office in Nyíregyháza in northeastern Hungary in order to foster partnerships between SMEs...

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...