Christian Keszthelyi

Visits

PM: Hungary should be loyal to EU, NATO allies

As a member of NATO and the European Union, "Hungary should be loyal to its allies, but should take all...

Tourism

Spectrum Equity, Accel Partners invest $57 mln in Prezi

Two American growth equity firms, Spectrum Equity and Accel Partners, have invested a combined $57 mln in Prezi, a presentation...

Telco

Szatmári Malom inaugurates HUF 1.8 bln mill

Szatmári Malom announced the inauguration of a HUF 1.8 bln mill in Kadarta in northwestern Hungary today....

Food

Holcim to sell Hungarian unit

Swiss-based building materials company Holcim said it is planning to sell its Hungarian unit as its recent merger with French...

Awards

IEA offered free rent in Budapest

The International Energy Agency (IEA) might relocate its headquarters from Paris to Budapest in 2017, Hungarian business daily Világgazdaság reported...

Deals

Hong Kong opens gate toward Asian countries

Hong Kong is not only a gate to trade with China but could also act as a bridgehead for Hungarian...

Recycling

Construction of Chinese citric acid plant to start in Hungary next summer

China's RZBC is scheduled to launch the construction of a HUF 31 bln citric acid plant in northeastern Hungary next...

Banking

Tax law passes; foreign firms to pay more

The Hungarian Parliament today approved the 2015 package of tax laws, including advertising, tobacco and "hypermarket" taxes that hit foreign...

Interview

Bill would mandate MFB with EU funding tasks

The government submitted a bill to the Parliament that is intended to clarify the law on the Hungarian Development Bank...

Telco

PannErgy books narrow losses on improved margin

Hungarian geothermal energy company PannErgy booked a HUF 383 mln loss in the first three quarters, down from a HUF...

Energy Trade

Gazprom chief: Hungarian gas supply secure

The 700 mln cubic meters of Russian natural gas currently stored in Hungarian facilities provides a guarantee of the security...

Initiatives

Amway: Self employment is on the rise

Four out of ten Hungarians are considering launching their own entrepreneurship and becoming their own bosses, naming independence as the...

Deals

Croatia selects mediator for talks with MOL

The Croatian government authorized Economy Minister Ivan Vrdoljak to select a mediator who would help the government's and Hungarian oil...

Energy Trade

MET to take over Hungarian retail power portfolio of GDF Suez

Energy trader MET Magyarország Energiakereskedő, a company 40% owned by Hungarian oil and gas company MOL, is reportedly planning to...

Deals

Prime Minister’s Office to oversee Paks upgrade

As expected, the Prime Minister's Office will exercise the state's ownership rights and obligations over the project company established to...

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...