Christian Keszthelyi

Visits

PM promises ‘new era’ after Sunday vote

Hungary’s Prime Minister Viktor Orbán is expecting a sweeping victory in this weekend’s municipal elections, and his government will launch...

Telco

Road maintenance company completes HUF 1.4 bln bridge

The Baross Gábor bridge which crosses the Budapest-Vienna railway line in the center of Győr in northwestern Hungary, received a...

Figures

CPI has historical 0.5% drop

The consumer price index dropped 0.5% in September compared with a year earlier the Central Statistics Office (KSH) reported today....

Interview

Rate-setters vote to hold at September meeting

The National Bank of Hungary's (MNB) rate-setting Monetary Council voted unanimously to keep the central bank's key rate unchanged at...

Social

Conference numbers on the rise

The number of conferences hosted in Hungary climbed by 10.7% reaching 1,197 in H1 year-on-year, state tourism agency Magyar Turizmus...

World

Pannon Hőerőmű to reopen surface mine

Hungarian company Pannon Hőerőmű plans to reopen a surface coal mine near Pécs in south-western Hungary, the chairman of the...

In Hungary

DEGIRO launches online trading platform in Hungary

Dutch brokerage firm DEGIRO has decided to launch an online trading platform in Hungary, the company informed Hungarian news agency...

Deals

INA approves €13 mln severance pay package

Croatian oil and gas company INA, a unit of Hungary's MOL, is planning to set aside more than HRK 100...

Recycling

Pannon Fine Food completes HUF 1.6 bln upgrade

Hungarian poultry processing company Pannon Fine Food wound up a HUF 1.6 bln upgrade at its duck and goose plant...

History

Szijjártó: U.S. is Hungary’s friend

Hungary’s Foreign Trade and Affairs Minister Péter Szijjártó said that the United States is Hungary’s friend and they “pay attention...

Telco

Deficit growth slows, still 85.8% of 2014 target

Hungary's cashflow-based general government deficit, excluding local councils, had a HUF 14.2 bln surplus in September, narrowing the gap to...

Sights

Water park expansion boosts visitor numbers

Despite the unfavourable summer weather, the number of people visiting the thermal baths of the city Gyula jumped by 42%...

Deals

Nitrogénművek broadens product palette

Hungarian artificial fertiliser maker Nitrogénművek is branching out by adding sales of planting seeds, insecticides and pesticides, and crops to...

Recycling

Lázár to oversee Paks expansion project

The Prime Minister's Office is expected take control over the entire Paks nuclear plant expansion project from state-owned Hungarian Electricity...

World

Aradszki urges individualized energy mix

Hungarian State Secretary for Energy Affairs, András Aradszki said that EU member states should have the right to formulate their...

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...