Christian Keszthelyi

EU

Ministry: National mobile payment system complies with EU rules

The national mobile payment system in Hungary fully complies with European Union rules, the National Development Ministry said today, in...

Retail

Agassi becomes face of Norbi Update brand

Hungarian company Norbi Update Lowcarb, which runs a lifestyle and nutrition franchise system, has chosen American tennis star André Agassi...

Int'l Relations

Barroso presents Orbán with funding agreement for 2014-2020

European Commission President Jose Manuel Barroso presented Hungarian Prime Minister Viktor Orbán with an agreement on EU funding for Hungary...

Telco

GYSEV launches HUF 12bn rail electrification project

GYSEV, a regional railway company co-owned by the Hungarian and Austrian states, will spend almost HUF 12 bln on the...

Transport

Wizz Air expands in Romania

Hungarian low-cost airline Wizz Air will add another Airbus A320 to operate its flights to and from Bucharest, Romania’s capital....

Figures

Hungary CPI up 0.2%, as expected

The consumer price index in Hungary edged up by 0.2% year-on-year in August, accelerating from a 0.1% increase in July,...

Telco

MÁV passenger-carriage prototypes to be revamped

Hungarian state-owned railway company MÁV will have to redesign its prototypes for new railway passenger carriages in order to meet...

History

China’s BBCA lays cornerstone for HUF 34bn citric-acid plant

China-based BBCA Group laid the cornerstone for a HUF 34 bln citric-acid plant in the city of Szolnok, the group...

Office Market

FHB’s Diófa unit buys Green House offices from Skanska

Swedish property developer Skanska sold its Budapest Green House office building to a unit of the Hungarian FHB Group for...

Telco

PannErgy inaugurates 30MW geothermal power plant

Hungarian geothermal-energy company PannErgy inaugurated a 30MW thermal-power production unit in the city of Miskolc, in northeastern Hungary, the company...

Issues

Court rejects MKB defense of loan contracts

The Municipal Court of Budapest rejected MKB Bank's defense of changes it made to borrowers' contracts in a ruling today,...

Telco

K&H tapping HUF 130 bln in cheap credit

K&H Bank signed contracts with clients for HUF 69 bln in cheap credit from the National Bank of Hungary's (MNB)...

Telco

National Instruments inaugurates HUF 4 bln science park

America-based measurement and automation company National Instruments (NI) inaugurated a HUF 4bn science park in Debrecen, eastern Hungary, the country’s...

Food

Survey: 10% of Hungarian employers plan new hires

Approximately 10% of Hungarian companies plan to make new hires in the fourth quarter of this year, while 7% plan...

Telco

Budapest inaugurates bike-sharing system

Budapest inaugurated a city-wide bike-sharing system entitled "MOL BuBi" today. The system has 1,100 bicycles at 76 docking stations around...

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...