Christian Keszthelyi

Visits

Orbán, Swiss president discuss economic cooperation

Hungary’s Prime Minister Viktor Orbán held talks with Didier Burkhalter, president of the Swiss Confederation, on the sidelines of the...

Pharma

IBM inaugurates training centre in Hungary

American multinational technology and consulting corporation IBM inaugurated a HUF 170 mln training center for the staff of its international...

Telco

BAMOSZ investment funds grow 1%

Investment fund assets managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) experienced a...

Tourism

Scheidt & Bachmann to revamp Budapest ticket system

Centre for Budapest Transport (BKK) awarded German-based global solutions provider Scheidt & Bachmann a €91 mln five-year contract to design,...

Crops

Waberer’s sets up UK subsidiary

Hungary’s market-leading logistics service provider Waberer's established a subsidiary in Felixstowe, home of the largest container port in the United...

Construction

KSH: Construction output down again in August

Construction output fell by 0.2% month-on-month in August, following a sharp contraction in June and a drop in July, the...

City

Canada’s Air Transat to launch weekly flights to Budapest

Canadian airline Air Transat announced today that it scheduled to launch chartered weekly flights connecting Toronto and Montréal with Budapest...

Initiatives

Official: Health care reform to include more screenings

The government is planning major health care reforms, which will include increased funding as well as more screenings as a...

Deals

First train of €267 mln Flirt order put into service

The passenger unit of Hungarian State Railways MÁV and regional railway GYSEV launched the service of the first of 48...

Transport

Russia transports fuel rods to Paks by air

Hungary’s nuclear plant in Paks received its first fuel rods transported by air from Russia for the first time in...

Weather

Corn harvest set to rise to 8-9 million tons

Despite heavy rains and the decline in sunflower crops, Hungary's corn harvest is expected to reach 8-9 million tons this...

Telco

Indotek unit to build HUF 890 mln logistics base

AMD-Service laid the cornerstone of a HUF 890 mln logistics base in Nyíregyháza in noth-eastern Hungary today for the building...

Issues

Hernádi’s case to continue in December

The controversial case against Zsolt Hernádi, chairman-CEO of Hungarian oil and gas company MOL, is scheduled to continue at a...

Awards

NNG Hungary wins at Stevie Awards

Hungarian navigation firm NNG LLC. became the Gold Stevie Winner at the 2014 Company/Organization Awards Category Stevie® Award in the...

Competition

CEMP adds culture titles to media portfolio

Hungary's Central European Media & Publishing (CEMP) yesterday reported that they had acquired the media division of Hungarian book distributor...

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...