Christian Keszthelyi

Telco

SAP Hungary revenue set to climb 5-10% this year

Business management software company SAP Hungary expects its revenue to climb by 5-10% this year, managing director Balázs Ablonczy was...

Analysis

Elmű-Émász launches green unit

Thanks to a new service launched by electricity distributor Elmű-Émász, customers can renovate their homes and switch to green energy....

Telco

KSH: Trade surplus at €497.6 mln in July

Hungary had a €497.6 mln trade surplus in July, up €65.9 mln year-on-year, the Central Statistics Office (KSH) revealed in...

MNB

MNB may help banks pay FX compensation

The National Bank of Hungary (MNB) is getting ready to help banks compensate customers, following the recently approved borrower’s relief...

Interview

Government to set up central PR office

The Hungarian government plans to launch a new, centralized PR office that will coordinate government communications across the whole spectrum...

Transport

Lufthansa: More passengers arrive to Hungary

Passenger numbers on German airlines Lufthansa's flights arriving to Hungary rose by 2% reaching 393,000 in the first half of...

Weather

Hungarians not spending on life insurance

While Europeans spend approximately €1000 annually on life insurance policies, the Hungarian figures for the same service is below an...

Automotive

KSH: Hungarian industrial output climbs 12.3%

Output of Hungary's industrial sector rose 12.3% in July year-on-year, according to both raw and workday-adjusted data, the Central Statistics...

Automotive

KSH: Hungarian industrial output climbs 12.3%

Output of Hungary's industrial sector rose 12.3% in July year-on-year, according to both raw and workday-adjusted data, the Central Statistics...

History

Socialists criticize release of new banknotes

Reflecting on the National Bank of Hungary’s announcement that it wil revamp Hungarian banknotes, the opposition Socialists party said that...

Telco

Opposition blasts idea of state alcohol monopoly

Following yesterday’s rumors of an alcohol retail sales monopoly by the state, Viktor Szigetvári, the co-leader of the E-PM party,...

Deals

New tender to be called for Héviz-Balaton airport

Following a first unsuccessful bid, a new tender will be called this month to sell the assets of Héviz-Balaton airport,...

Telco

Sematic inaugurates HUF 1.5bn expansion in Hungary

Italian elevator component producer Sematic inaugurated a HUF 1.5 bln expansion at its Hungarian base in Nyíregyháza, northeast Hungary, today....

Telco

Rossmann sees 8% revenue growth in Hungary

The Hungarian unit of German health and beauty products retailer Rossmann expects to close the year with revenue of HUF...

Sights

Energy drink maker invests HUF 700 mln

Hungarian energy drink producer Hell launched a more than HUF 700 mln investment at its industrial park located in Szikszó,...

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...