Christian Keszthelyi

Food

Thai noodle maker projects revenue of €5 mln

The Hungarian unit of Thai instant noodle maker Thai President Foods, based in the industrial park in Esztergom, close to...

Banking

Varga: Attacks against tax office target the state

Economy Minister Mihály Varga said attacks against the Tax and Customs Authority (NAV) are in fact directed at Hungarian state...

Banking

Varga: Tobacco, ad tax justified

Economy Minister Mihály Varga defended the proposed amendement to the advertisement tax and the progressive tax aimed at tobacco manufacturers...

Visits

PM: U.S. Hungary’s ally

The essence of Hungarian-U.S. relations can be summed up as follows: there is an alliance between the two nations in...

Competition

BTel blames service interruption on late payment

Hungarian Business Telecom (BTel) yesterday announced a loss of power that interrupted its service country-wide for 22 hours was the...

History

PM: U.S. memo a meaningless ‘scrap of paper’

“If it was not in English I would think it was written by the opposition,” Hungary’s Prime Minister Viktor Orbán...

Tourism

Healthcare workers going abroad

From January to September, more than 1,500 Hungarian doctors and nurses requested documents necessary to continue their work abroad, Hungarian...

History

Goodfriend rejects claim that he broke law

In response to a group that said Charge d’Affairs André Goodfriend was breaking the law by not reporting information about...

Tourism

Nearly 200,000 use Budapest bike sharing system

Total users of Budapest's bike sharing system, jointly operated by oil and gas company MOL and Hungarian Transport Center (BKK),...

Recycling

Two-thirds of laid off Nokia workers placed in jobs

Two-thirds of the 1,149 Hungarians laid off at the Nokia plant in Komárom in northwestern Hungary, which was reported earlier...

Telco

CIG Pannonia premiums revenue drops 29%

CIG Pannonia Life Insurance's consolidated gross revenue from premiums fell by 29% to HUF 11.1 bln in Q1-Q3 as compared...

History

OLAF DRAFT

Telco

Lower revenue, narrower margins put Rába in the red in Q3

Hungarian automotive industry company Rába saw a HUF 498 mln loss in the third quarter due to a sharp revenue...

Telco

Sales of PCs grow 24% while tablet sales to decline

Personal Computer (PC) sales rose by 24% exceeding 152,000 in Q3 as compared to the same period a year earlier,...

Conferences

MOL offered four North Sea licenses

Hungarian oil and gas company MOL announced yesterday that it was offered four licenses on the U.K. Continental Shelf in...

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...