Christian Keszthelyi

Telco

Lenders’ losses approach HUF 334 bln in Q1-Q3 on borrowers’ relief

Hungary's banking sector had a combined after-tax loss of HUF 333.7 bln in the first three quarters as a result...

Sights

Invitel extending InnoMax grant

Hungarian tele- and info-communications company, Invitel, is expanding its CSR program InnoMax grants, to include schools from 2015, the company...

Initiatives

Another 27 savings coops join cross-guarantee pool

Accordingh to recent reports, another 27 savings cooperatives joined a cross-guarantee pool, raising the total number of participants to 78,...

Telco

Schott Hungary undertaking HUF 2.6 bln capacity expansion

Schott Hungary, a company prodcuding glass ampoules and vials for the pharmaceutical industry, is spending HUF 2.6 bln for expanding...

Telco

Toy seller Formatex targets 13% increase in holiday sales

Hungarian toy seller Formatex has a net revenue target of more than HUF 1 bln in the upcoming winter holiday...

Recycling

Get-Energy Magyarország winds up HUF 394 mln R&D project

Get-Energy Magyarország today wound up a HUF 394 mln research and development project designed to find the best tree species,...

EU

Varga: Laying foundations for sustainable growth is key

The upcoming years should be spent laying the foundations for and ensuring sustainable growth, National Economy Minister Mihály Varga said...

Analysis

Ustream wins Streaming Media Readers’ Choice Awards

Hungarian-founded online video streaming service Ustream won in the category of “The Best Live Video Platform” as part of the...

Retail

MBSZ: Sunday closure law would bring layoffs, price hikes

The support of some Hungarian chains for Sunday closings is not based on facts or considerations of market reality, and...

In Hungary

Hungarians use social media to seek employment

Adecco’s international survey, involving over 17,272 collected responses from job seekers, reveals that 61% of Hungarian individuals looking for work...

Sustainability

CPI Hungary sees an increase of 20%

CPI Group member CPI Hungary (formerly called Ablon) says it sees signs of the office market recovering after an increase...

Awards

Vodafone clarifies CEO’s remark on Hungary unit

Vodafone Group announced today that it is not considering selling its Hungarian assets, in a statement meant to clarify CEO...

Automotive

Masterplast to invest €400,000 in expansion

Masterplast, one of the leading manufacturing and trading companies of thermal insulation materials in the Central- East-European region, announced today...

Crops

RBI books big loss in Hungary on borrowers’ relief legislation

Raiffeisen Bank International (RBI), the parent of Hungarian Raiffeisen Bank, booked a €301 mln loss at its business in Hungary...

Pharma

MOL, MVM bid for majority stake in Slovenske Elektrarne

Hungarian oil and gas company MOL announced today that its Slovakian unit Slovnaft and Hungarian state-owned Hungarian Electricity Works (MVM)...

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...