Christian Keszthelyi

Telco

Ministry: Army helicopter upgrade stalled but not abandoned

Hungary’s Defense Ministry is planning to upgrade the country’s military helicopter fleet in the long-term, a ministry official told Hungarian...

Music

ZAEV sees revenue climbing to HUF 13 bln

Hungarian construction company ZAEV today said that it expects to book a net revenue of HUF 13 bln this year,...

History

Goodfriend: Hungary needs true energy independence

“Hungary's energy independence was threatened by the plan to build a second gas pipeline from Russia, as well as by...

Government

Report: Fidesz member losing faith

Incomprehension and disappointment characterizes the heartland of Hungary’s governing Fidesz party due to the happenings of the last couple of...

Int'l Relations

Putin phones Orbán to discuss energy

Russian President Vladimir Putin, Hungary’s Prime Minister Viktor Orbán and Serbia's Tomislav Nikolic negotiated yesterday over the phone, discussing energy...

Tourism

Pharmacy launches English-language webshop

Hungarian-owned pharmacy Gyógyhír Patika launched an English-language webshop, which is expected to double sales, Managing director Gizi Mező announced today....

District 8 mayor wants annual drug test for all teens, journalists

The mayor of Budapest's District 8 is planning to propose a bill to the parliament introducing mandatory annual drug tests...

History

Thousands march in anti-government demo

Several thousand protestors marched in the sixth mass demonstration since October 26, peacefully demanding an end to corruption and the...

History

Goodfriend: We know of people cheating in NAV

“We know of people cheating inside Hungary’s Tax and Customs Authority (NAV)”, and yet there was no police investigation, U.S....

Telco

ICT software, services exports set to double

Software and services exports of Hungary's information and communications technology (ICT) sector doubled in 3-5 years, the head of ICT...

Telco

Alteo to buy local RWE-EnBW-owned peer

Hungarian energy services provider Alteo signed an agreement to buy 100% of peer Sinegy from the local units of Germany's...

Competition

Interview: SAP grows in the cloud

Simon Kaluza, Managing director for the Central and Eastern European region at SAP since 2013, gave an interview to Budapest...

History

TI: Hungary’s perception of corruption worsens

Hungary's perception of corruption increased in the past year, Transparency International (TI) announced today. "The mere fact that Hungarian tax...

Recycling

Russia supplies richer nuclear fuel to Paks until 2034

Russian nuclear fuel producer TVEL is expected to continue supplying nuclear fuel to Hungary's sole nuclear power plant located in...

Telco

Revenue from truck toll exceeds target

Revenue from Hungary's toll on trucks and transport vehicles came to HUF 151 bln in the January-November period, exceeding the...

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...