Christian Keszthelyi

Telco

Auchan sees revenue climb 3% in Hungary

French hypermarket chain Auchan said today that it expects revenue for the Hungarian subsidiary to rise by 3%....

Deals

NAV raids warehouse of Facebook advertiser

Hungary’s Tax and Customs Authority (NAV) raided the warehouse of an individual who was advertising goods for sale through international...

Automotive

Blue chip treasury shares changed minimally in September

The treasury share stocks of the Budapest Stock Exchange's four blue chip issuers changed relatively little in September, with the...

Deals

Hungary expects state debt to fall to 76.9%

According to today’s prediction by the National Economy Ministry, Hungary’s state debt as a percentage of GDP is likely to...

Analysis

Hungary PMI climbs to 52.6 in September

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 52.6 points in September from 51.0 points in August, the Hungarian Association...

Visits

State to acquire local council Főgáz stake

The Hungarian state is set to acquire a stake in gas distributor Főgáz, currently owned by the Budapest local council,...

Telco

Kirchhoff Hungária winds up HUF 3 bln investment

German-owned automotive industry supplier Kirchhoff Hungária completed a HUF 2.9 bln expansion at its base located in Esztergom (near Budapest),...

Deals

OTP Bank to buy Slovenian peer

Hungary's OTP Bank offered €300 mln in a non-binding bid for Slovenian state-owned bank Nova KBM in July, Reuters said...

Deals

MOL urges consolidation of INA refinery capacity

Ferenc Horváth, head of the downstream business at Hungarian oil and gas company MOL, urged the consolidation of refinery capacity...

In Hungary

MKB Bank acquisition closed

The acquisition of MKB Bank was finalized yesterday by the Hungarian state, the National Development Ministry announced today. German owner...

MNB

MNB: Corporate lending stock rises

The corporate lending stock of Hungarian banks rose to HUF 6.75 trillion at the end of August month-on-month, as a...

Recycling

Daimler marks production milestone in Hungary

German car manufacturer, Daimler turned out a quarter of a million cars at its Hungarian plant, which was inaugurated in...

History

Tax office greenlights EuroJackpot for Hungary

Hungary's National Tax and Customs Authority (NAV) authorized state lottery company Szerencsejáték Zrt. to participate in the EuroJackpot international lottery,...

Energy Trade

Lázár: National utility provider up by March 2015

Hungary is planning to establish a national utility provider, which would be a state-run and non-profit utility holding company, Cabinet...

Visits

PM: Hungary needs Christian democracy

Hungary's Prime Minister Viktor Orbán expressed the country's need for a governance of Christian democracy in a speech given Saturday...

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...