Christian Keszthelyi

Office Market

Home building permits rise 30% in Hungary

The number of permits issued for new home construction rose 30.4%, reaching a total of 6,947 in the first three...

Automotive

MGE: New car registrations up 20% in October

The number of new car registrations in Hungary was up by 19.5% year-on-year in October, reaching 6,120, the Hungarian Vehicle...

Competition

Business association warns against Sunday closures

The Hungarian Association of Shopping Centres (MBSZ) warned that the government's recent proposal to restrict retailers' opening times on Sunday...

Analysis

Hungary PMI climbs to 54.9 in October

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 54.9 points in October month-on-month from September’s 52.7 points, the Hungarian Association...

Ecosystem

31,000 students sign up for degree-saving program

Following the completion of their university studies, some 31,000 young Hungarians have signed up for state-sponsored courses, which will assist...

Int'l Relations

Szijjártó: Hungary to build two motorways to Slovak border by 2020

Hungary is planning to build two motorways leading to the Slovak border by 2020, Hungarian Foreign Minister Péter Szijjártó said...

Retail

Euronics operator revenue to exceed HUF 50 bln

Vorosko, the operator of the Euronics retail chain in Hungary, expects the company’s revenue to climb 18% reaching HUF 50.5...

Banking

Orbán delays internet tax, plans public input

Prime Minister Viktor Orbán said today in his regular fortnightly radio interview that the proposed internet tax “cannot be introduced...

Telco

Government submits 2015 budget bill to lawmakers

The Hungarian government submitted the 2015 budget bill to Parliament today, one day earlier than the legal deadline. The bill...

Initiatives

Hungary to join European Space Agency

Hungary will soon join the European Space Agency (ESA), Hungarian business daily Napi Gazdaság said today. According to the newspaper,...

Interview

Gov’t: No political risk to EU funds

The Prime Minister's Office yesterday rejected the idea that political risks could delay acceptance of Hungary's EU-funded operative programmes in...

Competition

Gov’t to submit 2015 budget bill this afternoon

The government is scheduled to submit the 2015 budget bill to parliament early this afternoon. The government targets a 2.4%-of-GDP...

Banking

Tax authority rejects corruption charges

The National Tax and Customs Administration of Hungary (NAV) rejected corruption allegations that recently surfaced against its officials, in a...

Banking

Gov’t not to back away from internet tax

Fidesz MP Szilárd Németh, who is responsible for utility fee cuts, said today on Hungarian commercial television channel ATV that...

Telco

Telenor Magyarország revenue up by 3.3%

Telenor Magyarország, the Hungarian subsidiary of Norwegian telecoms company Telenor Group, had a revenue of HUF 39.634 bln in Q3,...

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...