Christian Keszthelyi

Recycling

Dozens of companies ready to hire laid off Nokia workers

Dozens of companies are willing to recruit Nokia workers after the Hungarian plant closes, Hungarian daily Népszabadság reported today....

EU

Flour prices to climb 10%

Hungarian mills are expected to raise the price of flour by about 10%, Hungarian daily Népszabadság reported today....

Food

NAV to extend crackdown on black market cigarette sales

More than 70 million illegal cigarettes were seized by the Hungarian National Tax and Customs Authority (NAV) in the first...

Issues

Budapest Court to rule on unilateral changes to FX loan contracts

Five banks and financial institutions have submitted files on FX loans to the Budapest’s Regional Court, the court's press department...

Telco

NAV : less audits, more unpaid taxes

Hungarian Tax and Customs Authority (NAV) is auditing fewer Hungarian companies but uncovering more unpaid taxes, Hungarian business daily Világgazdaság...

History

Socialists and Jobbik accuse government after E-on deal revelations

Far-right wing party Jobbik and the Socialist party have accused Prime Minister Viktor Orbán of overpaying for gas storage facilities...

Telco

OTP books a HUF 153 billion loss

OTP Bank booked a HUF 153.1bn loss for Q2 because of the legislation requiring banks to compensate borrowers, an earnings...

Telco

Btel’s profit down

Telecommunications company Business Telecom (BTel) saw its revenue rose sharply in H1. However its profit fell due to financial losses,...

Visits

Szijjártó reacts to Swedish minister’s remarks

Hungary and Hungarians deserve greater respect from the Swedish European affairs minister, state secretary for foreign and trade affairs Péter...

Telco

Central bank buys castle

The National Bank of Hungary (MNB) bought a historic castle located on the banks of River Tisza as part of...

Telco

Békés Drén spending HUF 481 mln on excavation equipment

Hungarian civil engineering company Békés Drén is planning to spend HUF 481 mln for purchasing excavation equipment, the company announced...

Analysis

KSH: Hungary’s GDP growth accelerates to 3.9% in Q2

Hungary's unadjusted GDP accelerated to 3.9% in Q2, from 3.5% in Q1, a first reading of data published today by...

Crisis meeting on bumper apple crop

Hungarian apple growers held a crisis meeting at the Ministry of Agriculture yesterday in order to deal with a bumper...

Analysis

Hungary’s June c/a surplus dips from May

Hungary's current-account surplus dropped to €297 mln in June, down from €317 mln in May, data published by the National...

Automotive

KSH: Vehicle manufacturing output up almost 24%

Vehicle manufacturers continued to lift industrial output in June, a second reading of data published today by the Central Statistics...

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...