Christian Keszthelyi

History

M3 upgrade to start

National Development Minister Miklós Seszták and Budapest Mayor István Tarlós started negotiations yesterday on the planned upgrade of Budapest’s major...

Tourism

Hungarian health workers flock to abroad

The number of young doctors and health workers going abroad to kept rising in the first half of 2014, Hungarian...

Telco

KSH: Trade surplus at €610 mln in June

June was another good month for Hungary’s trade balance. The country had a €609.7 mln trade surplus, up by €72...

Telco

KBC: €231 mln provision to cover borrowers’ relief

Belgian KBC Group booked a €231 mln provision in Q2 for covering the effect of the recently approved borrowers' relief...

Telco

Magyar Telekom’s profit down

Magyar Telekom’s (MT) profits and revenue dropped in the second quarter, the company’s consolidated IFRS published today shows....

EU

Bakers expect higher bread prices

The rise of flour prices and the worsening of the forint could drive up the prices of bread by an...

Subsidy cuts said to harm farmers

The planned subsidy cuts by the government have created tensions in the farming sector, the head of the Association of...

Food

Headcount exceeds 11,000 at Audi Hungária

The headcount of German carproducer Audi’s Hungarian unit exceeded 11,000, Audi Hungária informed Hungarian news agency MTI today....

Weather

Number of home insurance contracts fall

Despite the increasing risk of storm damage, the number of home insurance contracts fell below 3 million. Since 2010 the...

Initiatives

Sale of TakarékBank stake closed

With Magyar posta’s transfer of its TakarékBank shares on August 6th to Magyar Takarék Befektetési és Vagyongazdálkodási Zrt., the sale...

Telco

Speech recognition drug system to be developed

Two Hungarian companies are currently developing a drug recommendation system for pharmacies, which is based on speech recognition, project coordinator...

Automotive

KSH: Industrial output of Hungary climbs 11.3%

Output of Hungary's industrial sector rose by 11.3% in June y.o.y, according to both raw and workday-adjusted data, the publication...

Issues

ECB critical of FX-loans law

Hungarian authorities have failed to consult the European Central Bank (ECB) on the law dealing with the compensation of FX...

Retail

NAV to check restaurants

Tax and customs authority of Hungary (NAV) is launching a comprehensive check of Budapest-located restaurants in order to put an...

Interview

Unions join Hankook Tire protest

Trade unions joined the demonstration held before the Hungarian factory of Korean tire maker Hankook Tire in a protest against...

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...