Christian Keszthelyi

History

Varga: Defense spending doesn’t affect deficit target

Growth in defense spending due to the Russia-Ukraine conflict does not endanger this year's budget deficit target, Hungary’s Economy Minister...

Competition

BP cloud conference sees silver lining

Though most Hungarian do not know that they use cloud services every day – by using their smartphones, tablets and...

Office Market

Erste property fund buys Vision Towers

Erste Open-end Real Estate Investment Fund has acquired Futureal’s iconic new Vision Towers (North) office block serving as KPMG’s Headquarters,...

City

Wizz Air pilots’ training in Hungarian sky

A Wizz Air operated Airbus A320-232 was seen circling over the city of Pápa (western Hungary) for hours today, flying...

Int'l Relations

Mercedes to increase production in Hungary

Mercedes will continue to increase production in Hungary and is satisfied with the country’s market opportunities, Daimler’s deputy chairman for...

Recycling

Bonbonetti to close factory in Nagykanizsa

Hungarian sweets maker Bonbonetti might be forced to lay off 60 workers at its production facility in Nagykanizsa, southwest Hungary,...

Energy Trade

Hungary halts Ukraine gas supply for ‘technical reasons’

Hungary’s gas pipeline network operator FGSZ announced late yesterday that it has indefinitely suspended gas supply to bordering Ukraine, saying...

Debt

Eximbank issues $500 mln 2020 bonds

Eximbank, Hungary’s state-owned export-import bank, sold bonds worth of HUF 500 mln on international markets, the bank reported yesterday. The...

Pharma

Leax Hungary invests HUF 530 mln in EU funds

Swedish-owned metalworking company Leax Hungary invested HUF 530 mln at its unit in Mezőkövesd, northeast Hungary, in order to increase...

Telco

Continental Automotive winds up HUF 1.2 bln investment

German automotive industry supplier Continental has expanded its base in Veszprém, northwest Hungary, with an investment of HUF 1.2 bln,...

MNB

Parliament approves law on settlement of bank refunds

The legislation clarifying the settlement of refunds lender institutions will be forced to pay borrowers was approved by the Hungarian...

MNB

MNB to support phaseout of retail FX loans

The National Bank of Hungary (MNB) today announced that the institution would provide from its own FX reserves the foreign...

Automotive

Waberer’s inks HUF 25 bln contract with DAF

Hungary’s Waberer's International signed an agreement to buy 1,000 new DAF tractors for almost HUF 25 bln at the IAA...

Analysis

GKI-Erste: Economic confidence improves slightly

Both business and consumer expectations improved this month, the GKI-Erste's economic confidence index shows. The combined index edged up from...

Industrial

Hungary’s residential prices cheapest in the region

With an average price of €917 per square metre, Hungary's household property market is the cheapest in central Europe, a...

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...