Christian Keszthelyi

History

Lázár: Norway upset that they can’t overthrow us

János Lázár, the minister of the Prime Minister’s Office, was quoted in Hungarian weekly Demokrata yesterday as saying that “Norway...

City

Wizz Air enters partnership with rentalcars.com

Hungary-based low-cost airline Wizz Air today announced that it entered partnership with the world’s largest car hire booking service rentalcars.com...

Automotive

Automotive industry back on track after slow August

The increase of output in Hungary's vehicle manufacturing sector — the engine of growth for the country's industrial output —...

Pharma

Masterplast sees a 51% rise in profits

Hungarian building materials company Masterplast saw a 51% rise of its after-tax profit, which reached almost €1.6 mln year-on-year on...

City

Linusz claims SGH Aviation acquires airport illegally

The Hungarian individual who failed to acquire the assets of a regional airport near Lake Balaton in the fall is...

Telco

PannErgy units receive €18 mln Eximbank loan

Hungary-based geothermal energy company PannErgy announced yesterday that two of its units withdrew a total of €18 mln in loans...

History

Szijjártó accuses America of a ‘gross lie’

Foreign Affairs and Trade Minister Péter Szijjártó was quoted saying that "America is accusing us of not abiding by the...

Analysis

Analyst: 0.4% drop in CPI doesn’t mean deflation

The Consumer Price Index dropped 0.4% year-on-year in October, following a record 0.5% drop in September, according to data published...

Tourism

Magyar Posta reaches 1/3 of package market share

Hungary's state-owned postal company Magyar Posta expects to deliver 12 million packages by the end of this year, an increase...

Telco

Telenor Magyarország acquires new frequencies

Hungary's National Media and Infocommunications Authority (NMHH) announced today that it signed a contract on frequencies with Telenor Magyarország, the...

Energy Trade

Hungary, Azerbaijan sign declaration of strategic partnership

Prime Minister Viktor Orbán and Azeri President Ilham Aliyev met today in Budapest and announced that Hungary and Azerbaijan have...

Initiatives

Est Media closes sale of media businesses

Hungarian publisher Est Media, closed its media units in Hungary, Bulgaria and Romania yesterday, the publisher announced. Hungarian companies EMG...

Telco

Competition Office clears Market Építő acquisition

Hungary's Competition Office (GVH) today approved the acquisition of a 51% stake in construction company Market Építő by Garharrt Invest...

Int'l Relations

Official: Norway ‘blackmails’ Hungary

A Hungarian official today accused the Norwegian government of engaging in “blackmail” in reaction to last week’s suggestion by the...

History

Varga: Tax chief to stay in office

Ildikó Vida, head of the Tax and Customs Authority (NAV), will keep her post, despite being banned from the United...

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...