Christian Keszthelyi

Competition

Government to submit budget draft to Fiscal Council

After revealing the draft budget for 2015, the National Economy Ministry will submit it to the Fiscal Council today, the...

Automotive

Audi Hungária to produce TT Roadster

German car producer Audi is launching production of its third-generation TT Roadster models at its plant in Hungary, located in...

History

Goodfriend: Corruption a growing problem here

André Goodfriend, charge d'affaires at the U.S. Embassy in Budapest, said in a local TV interview yesterday that the Hungarian...

Social

Hungary to hold startup competition for the first time

Get in the Ring, an initiative started by the Erasmus Centre for Entrepreneurship in 2009 with the aim of putting...

History

Report: Audi slowdown was message to Hungary

When German carmaker Audi stopped work at its plant in Győr in August, sending Hungary's production numbers into a tailspin,...

History

Report: Audi slowdown was message to Hungary

When German carmaker Audi stopped work at its plant in Győr in August, sending Hungary's production numbers into a tailspin,...

Int'l Relations

Hungary, Laos discuss agriculture, trade

Hungary and Laos began negotiations on tied aid of tens of millions of dollars to finance Hungarian agricultural projects in...

Energy Trade

Court overturns decision withdrawing INA drilling licenses

Croatia's highest court overturned an earlier ruling whereby oil and gas company INA, in which Hungarian oil and gas company...

Telco

Yacht club completes HUF 300 mln improvement

Hungary's oldest yacht club, located in Balatonfüred, completed an improvement project yesterday at a cost of over HUF 300 mln....

Telco

Invitel developing network

Invitel continues the implementation of its large-scale development program launched in 2012, worth close to HUF 4.5 bln, the company...

Retail

NAV officials banned from U.S. after corruption charge

Three leading officials of Hungary’s National Tax and Customs Authority (NAV) were blacklisted and banned entry to the United States...

Deals

MTel boosts 4G coverage to 73%, targets 93%

Magyar Telekom, the Hungarian subsidiary of German giant Deutsche Telekom, will boost the coverage rate of their fourth-generation (4G) mobile...

Sights

Russian railway company discontinues service to Budapest

Russia's railway company is planning to discontinue its regular passenger service to Budapest, Hungary on December 1 due to the...

Visits

Szijjártó: Hungary, South Korea trade rapidly growing

Trade between Hungary and South Korea has been growing rapidly with Hungarian exports to Korea totalling almost $300 mln last...

Ratings

Fitch downgrades K&H and Erste Bank Hungary

International financial credit rating service Fitch Ratings yesterday said it downgraded the long-term issuer default rating of both Hungarian institutions...

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...