Christian Keszthelyi

Retail

Tesco Magyarország posts turnover increase for H1

The Hungarian unit of British hyprermarket chain Tesco reported a 1% turnover increase from a year earlier for the first...

Sights

Hungarian software firm develops crisis management system for HUF 1 bln

Hungarian software firm IDM SYS invested HUF 1.124 bln in the development of an integrated crisis prevention and management system,...

Awards

Skyscanner buys Hungarian mobile app firm Distinction

British passenger flight, hotel and car hire search engine Skyscanner announced the purchase of Hungarian mobile applications startup Distinction, British...

Banking

Fidesz cuts plans for internet tax to HUF 700 a month

Hungary’s governing party Fidesz is modifying its internet tax proposal, saying the tax would be no more than HUF 700...

Kövér: Hungary could leave the EU

If the European Union wants to dictate to Hungary, then the country should consider slowly backing out of the union,...

EU

Navracsics finally made European Comissioner

Tibor Navracsics, the Hungarian nominee for a European commissioner's portfolio, was appointed commissioner for culture, education, youth and sport, Jean-Claude...

Banking

Opposition: Internet tax to send Hungary back to the ’90s

Hungary’s opposition E-PM alliance urged the government to scrap plans of levying a tax on internet data transfers in a...

Telco

Government to levy taxes on soap and shampoo

The government's plan to tax “other chemical products” in 2015 means that Hungarians might face price increases on soap, shampoo,...

Conferences

Smiling Hospital organizes fundraising event

Smiling Hospital Foundation together with the British International School of Budapest are organizing a fund raising event in the Marriott...

Banking

New internet tax planned; other sectoral taxes to stay in 2015

A new tax of between 4.5-6% will be charged on internet service providers while other sectoral taxes on banks, telecoms...

Banking

Fidesz introduces once opposed internet tax

National Economy Minister Mihály Varga today revealed the details of the taxation system of 2015 today, hinting that the New...

Analysis

Daylight savings time over on Sunday; turn clocks back

Daylight savings time, or summer time, is over this weekend, and clocks need to be turned one hour back at...

Tourism

KSH: Business employment up y.o.y. in August, down from July

The number of employees in Hungary's business sector rose 3.0% in August year-on-year, but dropped from the previkous month, a...

Telco

Banks deposit HUF 10 mln in ‘Stability Savings Accounts’

Hungarian banks opened a total of 155 "Stability Savings Accounts" with deposits of HUF 10.25 bln in Q3, Hungarian business...

Telco

T-Systems, Nádor launch ticket sales system

T-Systems Magyarország, the Hungarian unit of the German global IT services and consulting company T-Systems, and Nádor Rendszerház, Hungarian IT...

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...