Christian Keszthelyi

History

Vida indicates suit over U.S. visa affair is pending

Hungarian Tax and Customs Authority (NAV) chief Ildikó Vida means to "take the necessary measures" in connection with her being...

Competition

Unprofitable supermarkets legislation passed

The Hungarian Parliament approved a legislation prohibiting the sale of goods which consumers purchase on a daily basis from big...

World

Sergeyev: Paks upgrade not under threat

“The planned upgrade of the Paks nuclear power plant could not be threatened by any geopolitical development,” Russia's recently appointed...

Telco

KSH: Trade surplus exceeds €373 mln

Hungary’s trade surplus in October exceeded €373 mln, with exports falling by 2.1% to €7.512 bln and imports increasing by...

Initiatives

Voucher companies look to restructure Hungary’s voucher system

Voucher companies Sodexo, Le Cheque Dejeuner and Edenred are seeking compensation from the Hungarian state at the International Centre for...

Initiatives

Hungary and Russia sign agreements on Paks

Hungarian and Russian companies MVM Paks II Nuclear Power Plant Development Company and Russia's Nizhny Novgorod Engineering Company Atomenergoproekt signed...

Pharma

Construction of Apollo Tyres plant to begin in spring

Preparations for the Hungarian plant of India's Apollo Tyres to be built in Gyöngyöshalász in northern Hungary, are proceeding on...

History

Szijjártó: Goodfriend should drop immunity, go to court

U.S. Chargé d’Affaires André Goodfriend, could lift his immunity as a diplomat and produce evidence of corruption charges against Hungarian...

Telco

ÁKK chief tenders resignation

István Töröcskei, the CEO of Hungary's Government Debt Management Agency (ÁKK), tendered his resignation yesterday, a few days after the...

History

PM: Tax chief should sue Goodfriend or get out

Hungary’s Prime Minister Viktor Orbán told Parliament today that he will sack Ildikó Vida, head of the Hungarian Tax and...

Analysis

Fidesz backs drug tests for teens, and maybe some adults

Hungary’s governing party Fidesz is backing a proposal to introduce mandatory annual drug tests for children between the ages of...

Pharma

Randstad Hungary competes to acquire service center

Randstad Hungary, the Hungarian subsidiary of Dutch multinational human resource consulting firm, is planning to raise staff numbers by 200...

Issues

Hernádi’s criminal case to start in Zagreb on February 12

The Zagreb County Court scheduled the first hearing in a case involving corruption charges against Zsolt Hernádi, the chairman-CEO of...

MNB

Ministry: Széchenyi Bank majority owner to be blamed

The state of Hungary learned only after it took a 49% minority stake in the bank in June 2013 that...

Interview

Orbán to attend V4-Switzerland summit in Slovakia

Hungary’s Prime Minister Viktor Orbán is scheduled to represent Hungary at a meeting of the Visegrad 4 prime ministers and...

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...