Christian Keszthelyi

Transport

Ryanair to launch more Budapest flights in summer

Irish low-fare airline Ryanair is scheduled to launch four flights to Athens from Budapest every week in the summer season,...

Transport

Wizz Air to launch Hurghada, Alghero routes

Hungary-based low-cost airline Wizz Air, announced yesterday that it would launch two new services from Budapest to Hurghada in Egypt...

History

Parliament passes law restricting Sunday opening hours for shops

The Hungarian parliament today approved a law restricting Sunday opening hours for shops, MTI reported. The law means "hypermarkets", run...

Analysis

Lawyer: Drug test proposal not constitutional

The government plan to conduct mandatory drug tests of politicians and journalists would violate some sections of the Hungarian Constitution,...

History

Lázár: Municipal gov’t office staff to get 30-40% pay rise

Due to the extension of the "career path model" into other areas of the public sector, staff at municipal government...

Food

MOL issues production update for Kurdistan block

Hungarian oil and gas company MOL connected three more wells to production facilities in a license area in the Kurdistani...

Telco

MFB opens HUF 29 bln credit line to agribusinesses

The Hungarian Development Bank (MFB) is offering HUF 29 bln in preferential credit to farmers and food industry companies in...

Int'l Relations

Szijjártó discusses relations with Russia over phone

Hungary’s Foreign Minister Péter Szijjártó and his Russian counterpart Sergei Lavrov discussed bilateral relations and international issues over the phone...

Deals

Hungary c/a surplus reaches €232 mln in Oct

Hungary's current-account surplus reached €231.6 mln in October, down from €865.5 mln in September and €263.7 mln in August, data...

Telco

Externet to enter cable internet market

Listed Hungarian telecom Externet is planning on launching cable internet services in about 100 settlements around Hungary, the company announced...

History

PM reported to the police

Kornél Árok, the chief of Hungarian Civil Party of Socialdemocrats, reported Hungary’s Prime Minister Viktor Orbán to the police for...

History

Government to discuss road toll changes on Wednesday

The Hungarian government is scheduled to discuss the planned changes to the road toll system on Wednesday, government spokesperson Éva...

Telco

Survey: Online trade to grow 20%

Retail sales conducted through the internet are expected to grow by a year-on-year 22.5%, reaching approximately HUF 266 bln in...

Energy Trade

Ormánsági Zöldenergia to build new biogas plant

Hungarian energy firm Ormánsági Zöldenergia is planning to build a new biogas power plant in Vajszló in southwestern Hungary, with...

Construction

Construction increases, but outlook gloomy

Output of Hungary's construction sector continued its 22-month-long streak of growth, with a 15.8% year-on-year increase in October, but a...

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...