Christian Keszthelyi

Heavy rain hinders sunflower seed crop

Hungary's sunflower seed crop is expected to fall by about 20% this year due to poor weather conditions and heavy...

Automotive

Shutdowns slow vehicle manufacturing output in August

Output growth of Hungary's vehicle manufacturing companies – which is inevitably the main driver of growth in Hungary's industrial sector...

MNB

MNB allots banks nearly €980 mln for FX payments

The National Bank of Hungary (MNB) on Monday alloted banks a combined €980 mln of FX liquidity in the first...

Deals

ALDI fined on charge of false advertising

Hungary's Competition Office (GVH) reported today that it fined the local unit of German-owned supermarket chain ALDI HUF 10 mln...

History

PM: Full employment and care for Hungary

“The Hungarian people acknowledged our work in yesterday’s election” Hungarian Prime Minister Viktor Orbán said in his speech today before...

Food

Illegal cigarette sales exceed 12%

The black market for cigarettes and tobacco in Hungary has grown to 12.1% of total sales, market research company GfK...

Issues

Appeals court postpones ruling in Sberbank case

The Budapest Municipal Appeals Court today postponed the announcement of its ruling until October 28 in an appeal brought by...

History

MOL, Croatia conflict not affecting governments, U.S. to mediate

The continuing conflict between the Croatian government and Hungarian oil and gas company MOL leaves the governments of the two...

Tourism

Baths revenue down due to bad weather

Hungarian baths generated revenue of just HUF 35 bln in the first half of the year, HUF 5 bln less...

Visits

PM: Fidesz has its ‘third win’

Prime Minister Viktor Orbán rejoiced in the success of his ruling Fidesz party in municipal elections around the country last...

Elections

Municipal elections: Fidesz dominates around country

In line with the expectations of pollsters and Prime Minister Viktor Orbán, Hungary’s governing party Fidesz enjoyed a dominant victory...

Issues

iWiW founder sues all Hungarian parties

Zsolt Várady, founder of the discontinued Hungarian social networking site iWiW, sued all Hungarian parties that ever set foot in...

Recycling

New Alumetal plant in Hungary to employ 150

Polish automotive industry supplier Alumetal launched the construction of a €28.5 mln plant in Komárom in northwestern Hungary. The project...

Telco

Károlyi Mansion completes HUF 200 mln visitor center

Károlyi Mansion, which now operates as a hotel in Fehérvárcsurgó in western Hungary, completed its visitor center for a cost...

Telco

Second-hand clothes retailer launches HUF 483 mln development

Hungarian second-hand clothes retailer Háda inaugurated a new clothes sorting branch in Kisvárda in eastern Hungary, which was completed for...

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...