Christian Keszthelyi

City

Lufthansa cancels some Budapest flights

German airline Lufthansa reported that it would cancel a number of its Budapest flights scheduled for today and tomorrow due...

Transport

Budapest Airport expects record passenger numbers in 2014

Budapest Airport, which operates the capital's Liszt Ferenc International Airport, expects passenger numbers to exceed 9 million by mid-December, reaching...

Telco

KSH: Hungary investments grow 16.3% in Q3

Investment volume in Hungary increased by 16.3% year-on-year in the third quarter, primarily lifted by capital expenditures in the logistics...

Pharma

Woory to invest $35 mln in Hungary

South Korean car parts manufacturer Woory Industries is planning to build a factory in Komárom (northwestern Hungary), by investing $35...

Interview

PM encourages South Korean businesses to invest in Hungary

Hungarian Prime Minister Viktor Orbán encouraged South Korean businesses to invest in Hungary and make use of incentives offered under...

Recycling

Bonbonetti to close production at Nagykanizsa unit early December

Hungarian sweets maker Bonbonetti Choco is scheduled to close production after laying off 64 workers at its production unit, entitled...

Telco

Gov’t raises funding for drug subsidies

The Hungarian government said it would raise funding for drug subsidies and subsidies of medical aids and equipment in 2014...

Telco

Ceva-Phylaxia inaugurates HUF 2bln expansion

French-owned veterinary company Ceva-Phylaxia inaugurated a HUF 2 bln expansion at its plant located in Budapest, the company announced today....

Tourism

KSH: Emplyoment rises, while unemployment drops

The number of employed people was up 4.9% year-on-year (to 62.9%) in the August-October period, exceeding 4.18 million, while the...

History

Hungary, Vietnam presidents discuss economic cooperation in Hanoi

Hungary’ President János Áder and his Vietnamese counterpart Truong Tan Sang today agreed on strenghtening bilateral economic relations in Hanoi,...

History

Szijjártó: South Korean to boost car industry

The Hungarian government expects South Korean companies to boost developments in Hungary’s car industry, Foreign Minister Péter Szijjártó said following...

Visits

Orbán meets South Korean businesspeople

Hungary’s Prime Minister Viktor Orbán negotiated today with South Korean businesspeople about potential investment projects in Hungary. The meeting took...

Office Market

Skanska launches Nordic Light office project in Budapest

Skanska Property Hungary has started construction work on its seventh office building in Budapest, dubbed Nordic Light, on inner Váci...

Automotive

Brussels drops road toll infringement procedure against Hungary

The European Commission announced today that it had ended an infringement procedure against Hungary for failing to call a tender...

City

Budapest public transport company to merge with municipal holding company

The Budapest City Council today announced that it would merge the Budapest Public Transport Centre (BKK) with the Budapest City...

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...