Christian Keszthelyi

MNB

MNB: FX loan conversion to take place in one go

The National Bank of Hungary (MNB) is well prepared for the conversion of retail FX loans into forints and the...

Pharma

Hungarian company to supply furniture for Austrian post offices

Austrian post offices will be furnished with the products of Hungarian furniture manufacturer Garzon Bútor located in Székesfehérvár in western...

Tourism

KSH: Guest nights up 2.5%

The number of guest nights at commercial accommodations in Hungary was up 2.5% y.o.y. reaching 2,069,000 in September, the Central...

MNB

Moody’s upgrades Hungary’s rating to stable

Moody’s rating service upgraded Hungary’s government bond rating from negative to stable, giving the country’s outlook a score of Ba1....

Banking

Government bashed again in third mass demo

An estimated 10,000 people marched through Budapeset yesterday evening in a demonstration calling for the resignation of the top management...

Competition

Hungarian Academy of Sciences hosts business conference

The Hungarian Academy of Sciences hosted a conference on strengthening the relationship between business and research in Budapest today, Hungarian...

Deals

Top managers departing MTel this week

Magyar Telekom, the Hungarian subsidy of German telecoms giant Deutsche Telekom, announced the departure of senior leaders today on its...

Incubators

Budapest to host Stretch – Leadership Conference

On December 4-5, Budapest will host a group of people who have a few stories to share about leadership and...

Deals

Former Malév staff to get HUF 2.2 bln in back pay

Former staff of the discontinued Hungarian carrier Malév is expected to be given approximately one-third of their back pay this...

MNB

International reserves fall on FX lender allotment

Hungary's international reserves were at €34.218 bln at the end of October, down by €1.466 bln from a month earlier,...

Telco

KSH: Trade surplus hits record in September

Soaring exports helped Hungary post a record-high €952.7 mln trade surplus in September, the Central Statistics Office (KSH) said in...

Visits

PM: I never considered Russia an example

Hungary’s Prime Minister Viktor Orbán told an audience in Münich yesterday that he is not seeking a special relationship with...

Transport

Wizz Air opens base in Bosnia Herczegovina

Hungary-based low-cost airline Wizz Air is planning to open a base in Tuzla, Bosnia Herczegovina. As of June 2015 the...

History

Gov’t backs proposal for Sunday shop closure

Following negotiations, the government has decided to back the proposal of its alliance partner, the Christian Democrats (KDNP), to restrict...

Initiatives

MNB sees banking sector integration on horizon

Bank sector integration is the future, National Bank of Hungary deputy governor Ádám Balog said today at a presentation at...

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...