Christian Keszthelyi

Retail

Like tobacco, state may control alcohol sales

Following the Hungarian government’s introduction of national tobacco stores, Parliament is now planning to introduce national beverage stores, reducing the...

City

BP metro line closing for 3 weekends

The major metro line of Hungary’s capital Budapest, the “blue” line or M3, is scheduled to be closed between Deák...

New education policies draw fire

All the conditions are in place for a successful school year, according to the ruling Fidesz party, but the opposition...

Sights

Casinos to open their doors in 2015

Casinos owned by Andy Vajna, government commissioner for the Hungarian film industry, will only open next year, the National Economy...

Figures

KSH: July retail sales grow at slower rate

Retail sales in Hungary rose 2.3% in July on a year-on-year basis but slowed down from a 4.1% increase in...

Telco

Gedeon Richter and US Palatin to market new drug in Europe

Hungarian drug producer Gedeon Richter has concluded an agreement with US biopharmaceutical company Palatin Technologies to develop and commercialize bremelanotide,...

Telco

Pallet maker launches pellet business

Fashion Export-Import is investing more than half a billion forints in building a plant that will turn sawdust, the byproduct...

Competition

Tablet usage booming in Hungary

Some 20% of adult Hungarian internet users have tablets, with half of them using their devices for watching videos –...

Figures

KSH: Trade surplus revised down in June

Hungary had a trade surplus of €584.1mln in June, the Central Statistics Office (KSH) reported today, revising its first reading...

History

Rogán proposes raising face value of residency bonds

The face value of special government bonds that accelerate applications for permanent residency by foreign nationals could be raised to...

Pharma

Chinese-Hungarian investment seminar in Budapest

Potential Chinese investors took part in a seminar held yesterday in Budapest by the Hungarian Investment Promotion Agency (HIPA). The...

Automotive

New car registrations climb 14% in August

The number of new passenger car registrations in Hungary reached 4,766 in August, up 14.4% year-on-year, the Hungarian Association of...

Tourism

Home sales up 27.2% in August

Some 8,978 homes were sold in Hungary in August, up 27.2% from the same period last year, real estate broker...

Analysis

Purchasing Managers Index down in August 2014

Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) fell to 51.0 points in August from 56.6 points in July, the index-compiling Hungarian...

Deals

Hungarian banknotes to get a revamp

New Hungarian banknotes will be printed in the upcoming period of 2014-2018, the National Bank of Hungary (MNB) announced today,...

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...