Christian Keszthelyi

Automotive

KSH: Industrial production down by 5.7% in August

The volume of industrial production in August – according to seasonally and working-day adjusted indices – was below the level...

Sights

Heating provider launches HUF 672 mln plant

Bioenergy-Duna, a unit of municipally-owned district heating provider Mohács-Hő Hőszolgáltató Kft., completed construction of a biomass-fuelled heating plant, through their...

MNB

International reserves rise €149 mln in September

Hungary's international reserves stood at €35.6 bln at the end of September, rising €149 mln as compared to a month...

Telco

Winemaker inaugurates HUF 695 mln hotel

Hungarian wine producer Mészáros Borház inaugurated a HUF 695 mln hotel in the center of Szekszárd in south-western Hungary yesterday,...

Tourism

SGH Aviation Kft. acquires Hévíz Airport

Hungary-based SGH Aviation Kft. purchased the assets of Hévíz Airport located in Sármellék at the western end of Lake Balaton,...

Telco

Flame Spray Hungary inaugurates HUF 500 mln expansion

Italian-owned turbine coating maker Flame Spray Hungary, inaugurated a HUF 500 mln expansion at its base in Szada, near Budapest,...

Visits

PM plans ‘biggest ever’ economic development program

Hungary is planning to launch the “biggest ever” economic development program in the country’s history from the beginning of 2015,...

Tourism

Gambling to return to Hungarian pubs

Hungary’s state-owned lottery company, Szerencsejáték Zrt, launched the test phase of ten scratch-off game vending machines installed in pubs, Hungarian...

Industrial

Honeywell plans €10 mln expansion in Hungary

American multinational conglomerate Honeywell will spend €10 mln to expand its base in Nagykanizsa in western Hungary, Foreign Minister Péter...

Telco

Revenue in Hungarian pharmaceutical sector shrinks

Following many years of growth, net sales revenue in the Hungarian pharmaceutical sector shrank by 1.4% to HUF 982 bln...

Deals

Competition authority won’t check pipeline deal

The Hungarian government has decided that the competition authority cannot scrutinize the acquisition of the shares of Magyar Gáz Tranzit...

World

Paks nuclear power plant to start using new second-generation fuel

Hungarian nuclear power plant Paks is expected to start using new second-generation nuclear fuel from October, switching to a 15-month...

Recycling

Marklin expands model train factory

German model train producer Marklin wound up an investment of €9.4 mln (approximately HUF 3 bln) to expand production capacity...

Automotive

German-Hungarian chamber signs agreement

The German-Hungarian Chamber of Industry and Commerce (DUIHK) said it signed a cooperation agreement with the Hungarian Investment Promotion Agency...

Competition

‘Fair banking’ law talks set for November 4

Hungarian governing party Fidesz scheduled the first discussion of the “fair banking” bill for November 4 – the same date...

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...