Christian Keszthelyi

Government

‘Noise’ of Article 7 could help Orbán, says Nomura

The threat of the EU’s Article 7 procedure being triggered against Hungary will probably leave markets unaffected, while politically the...

Analysis

CIB Bank: unchanged MNB base rate no surprise

The rate-setting meeting of the Monetary Council of the National Bank of Hungary (MNB) delivered no surprises to the market...

EU

Hungary counts on Poland veto, won’t backtrack

Hungary will not backtrack on the three laws that recently received heavy criticism in the European Parliament - leading to...

History

Thousands return to streets in anti-government protest

Thousands of Hungarians gathered on the streets of Budapest on Sunday afternoon to march in protest once again against the...

Transport

Wizz Air celebrates 13th anniversary

Hungarian low-cost airline Wizz Air celebrated its 13th anniversary on May 19, according to a press release sent to the...

History

FM Szijjártó blames Soros for EP’s resolution on Article 7

Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó has blamed Hungarian-born financier and philanthropist George Soros for MEPs adopting...

History

Public ‘scorn’ of Hungary is ‘foolish’, says Orbán

Exposing Hungary to “public scorn” is “foolish” when the country has the first or second largest growth rate and the...

Sights

Budapest’s planetarium to close doors

The building of the Budapest planetarium is in such “a terrible condition” that operator Scientific Information Association (TIT) has run...

Discussion on cannabis for medicine should start in Hungary, says toxicologist

The legalization of cannabis is “not timely yet” in Hungary, however debate on its medical use could and should be...

EU

MEPs call to trigger Article 7 against Hungary

Members of the European Parliament see a “serious deterioration of the rule of law and democracy” in Hungary, which they...

History

EC urges Hungary to meet refugee obligations

The European Commission has urged Hungary, Poland and Austria to meet their legal obligations in related to the relocation of...

Analysis

Growth indicates ‘strong expansion,’ says CIB

Despite both WDA and SWDA figures lagging behind the unadjusted figure by half a percentage point, Hungary’s 4.1% GDP growth...

Food

Prezi acquires online peer Infogram

Hungarian tech firm Prezi, which has become internationally known for its online presentation software, has announced its purchase of Latvian...

History

Research questions ‘success’ of national consultation

While the Hungarian government describes its latest “national consultation” - whose tagline “Let’s stop Brussels!” has drawn international criticism -...

Competition

Liberal Party leaderʼs bill vows to legalize cannabis

A recently submitted draft amendment proposal from Hungarian Liberal Party leader Gábor Fodor aims to legalize marijuana or cannabis consumption...

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...