Christian Keszthelyi

Sustainability

GKI: Property index climbs

The National Property Index,which is a biannual gauge of supply and demand as well as expectations of market players collected...

Automotive

Production bounces back, rises 7.6% in September

Coming off a disappointing dip in August, industrial production bounced back in September with a healthy 7.6% year-on-year increase, the...

World

NY Times: Hungary defying EU principles

The Hungarian government lead by Prime Minister Viktor Orbán is “sliding toward authoritarianism” and defies fundamental EU principles, according an...

Banking

Government may cancel ad tax

The government is considering cancelling the advertisement tax as it is not likely to contribute to the state budget as...

Awards

Prezi CEO wins European business award

Hungarian presentation software developer Prezi's co-founder and CEO Péter Árvai was granted the European Web Entrepreneur of the Year award...

Sights

Graphisoft Park Q3 profit climbs by more than one-third

Graphisoft Park, a listed company that owns and operates a business park in the north of Budapest, saw a rise...

Automotive

Audi launches production of next-generation TT Roadster

In line with the previous rumors, German carmaker Audi launched production of the third-generation TT Roadster model at its plant...

Issues

Appeals court rejects contract defense of OTP leasing units

The Budapest Municipal Court today announced that it rejected the contract defense of Merkantil Váltó és Vagyonbefektető Bank and Merkantil...

Banking

Voucher tax rates ro remain unchanged up to HUF 200,000

Governing Fidesz-KDNP MPs proposed that tax rates that employers must pay on food vouchers remain unchanged up to HUF 200,000,...

Interview

Parliamentary committee to invite U.S. charge d’affaires

Parliament's national security committee was reported to be planning to invite U.S. charge d'affaires Andre Goodfriend to a hearing in...

Competition

BTel shares suspended for violation of reporting rules

The National Bank of Hungary (MNB) was reported as having suspended trade in shares and corporate bonds of BTel as...

History

House speaker calls Singapore model for Hungary

Singapore could be a model for Hungary in many ways, Speaker of Parliament Lászlo Kövér said in Singapore today. Kövér...

Telco

Csaba Metal spends HUF 1 bln on expansion

Hungarian-owned automotive industry supplier Csaba Metál announced it would invest HUF 1 bln on an expansion at its base in...

Interview

Gov’t releases HUF 20 bln in frozen general reserves

The Hungarian government released HUF 20 bln from the budget's general reserves, official gazette Magyar Közlöny revealed today. The amount...

MNB

Varga: No decision on FX conversion yet

Hungary’s Economy Minister Mihály Varga said late yesterday that no decision has been made on the exchange rate at which...

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...