Christian Keszthelyi

Telco

Budapest motorway bypass to become partial toll road

The Budapest M0 motorway, which circumvents Budapest, will become a partial toll road as of January, however certain stretches are...

Retail

Unions plan single-lane protest for December 15

Unions scheduled protest with a single-lane demonstration on roads around the country between 7 a.m. and 4 p.m. on Monday,...

History

Hungary to double capital in IIB

Hungary needs to pay €20 mln in contribution to the capital of the Moscow-based International Investment Bank (IIB) by the...

Transport

Ukraine to launch Kiev-Lviv-Budapest route

The Ukrainian state railways is planning to launch a daily train service on the Kiev-Lviv-Budapest route fas of December 14,...

Tourism

Ministry publishes road haulage control system draft

Hungary’s National Economy Ministry posted two draft decrees on an electronic control system for road haulage companies on its website,...

Telco

Pannonia Ethanol launches €30 mln expansion

Hungary-based Pannonia Ethanol is spending up to €30 mln on its project to expand its ethanol plant in Dunaföldvár (central...

Telco

Venture capital investments reach HUF 3.5 bln

Hungary’s invested private and venture capital reached HUF 3.5 bln in the third quarter, doubling last year’s figures of 1.7...

Telco

Price drop of gasoline to hurt 2015 budget

Should gasoline and diesel prices remain low in Hungary, it would significantly undermine the state budget, according to Hungarian online...

Telco

KSH: Farm sector output up 3.6%

With a rise in volume, the output of the Hungarian farm sector increased by 3.6% year-on-year, in value terms, the...

History

Hungary declines to sign South Stream clarification query

Hungary did not sign a declaration devised by a handful of European Union member states asking the European Commission to...

Telco

Videoton unit leads HUF 350 mln R&D project

Hilase, a unit of contract electronics manufacturer Videoton Holding, is developing a device for measuring air particle pollution as part...

Visits

PM urges EU to support north-south gas corridor

Hungary’s Prime Minister Viktor Orbán said Hungary would like to acquire funds from the European Union's economic stimulus package, which...

Retail

Kovács: Layoffs caused by shop law not gov’t concern

“It is not the government’s duty to make estimates on how many people would be fired due to approved legislation”,...

History

Official: Dispute with U.S. could impact business ties

Hungarian Foreign Ministry State Secretary László Szabó said today that, unless recent disputes are resolved between the United States and...

Telco

Parliament approves 2015 budget

The Hungarian Parliament finalized the main revenue and expenditure figures for 2015 budget, and approved the figures with 116 voting...

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...