Christian Keszthelyi

Construction

KSH: Construction sector output volume up 9.8%

The Central Statistics Office (KSH) reports a continuing increase in construction output, up in June year-on-year by 9.8 %. However...

Debt

ÁKK sells HUF 20 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold primary securities dealers HUF 20 bln of bonds maturing in 2020 and 2023...

Deals

Moody’s lowers ratings on Erste Bank, FHB Bank

Moody's Investors Service downgraded the deposit ratings of both Erste Bank Hungary and FHB Mortgage Bank to B3 from B2,...

Analysis

Budapest boasts cheap energy prices

Budapest had the third cheapest household electricity price in July out of 23 European cities, Hungarian daily Népszabadság reported today,...

Incubators

Phone application to help customers choose the best insurance package

The newest version of smartphone application EMMA 2.0 is now available for download, developer Első Magyar Mobil Bróker kft. announced...

Issues

Croatia urges court to ban MOL’s sale of INA’s stake

The Croatian government has turned to the arbitration court of the International Chamber of Commerce (ICC) in Paris, asking the...

Awards

Seventy new tobacco store concessions granted

The National Tobacco Sales Nonprofit Company (NDN) has just awarded 70 new tobbaco store concessions, Hungarian business daily Világgazdaság reported...

Tourism

Hungarian tourism unaffected by Russian-Ukrainian conflict

The conflict between Russia and Ukraine will not "dramatically" affect the number of Russian tourists holidaying in Hungary, deputy state...

Telco

OTP to face bigger FX loans compensation costs

OTP could face bigger losses than expected, as a result of the National Bank of Hungary’s (MNB) recently published guidelines...

Telco

State lottery company revenue climbs 32% in H1

Hungarian state-owned lottery company Szerencsejáték closed the first half of 2014 with a revenue of HUF 148 bln, up by...

Sights

Liget museum project to return investment in ten years

The Liget project planned in Budapest City Park is expected to generate return investment within ten years of its scheduled...

Int'l Relations

Business chamber urges talks with Russia

The Hungarian-Russian chapter of the Hungarian Chamber of Commerce and Industry (MKIK) expects Hungary to be far more affected by...

Sustainability

Bad bank expected to yield profit

Cleaning the corporate lending portfolios of banks, which will be the task of a new "bad bank" set up by...

Food

Socialists: Food prices will go up

At the end of last year Prime Minister Viktor Orbán “nodded without as much as a whimper” to Hungary losing...

Tourism

Hungarian scientists prepare 3D dino map

Paleontologists at the Hungarian Academy of Sciences have started creating a three dimensional map of dinosaur fossils based on the...

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...