Christian Keszthelyi

Telco

Altoterra inaugurates HUF 150 mln fertilizer plant

Hungarian-owned Altoterra today inaugurated a HUF 150 mln artificial fertilizer mixing plant in Újszilvás....

Pharma

KSH: Hungary’s retail sales growth slows to 3.8%

Retail sales in Hungary rose 3.8% in June is slowing from a 4.9% increase in May y.o.y. preliminary calendar year-adjusted...

Analysis

Rába signs assembly agreement with Volvo

Hungarian vehicle company Rába yesterday reported that it signed an agreement to assemble fire trucks with Volvo Group Governmental Sales....

Initiatives

MOL to acquire LUKOIL stations

Hungarian oil and gas company MOL has bought 44 service stations from the Russian oil company LUKOIL in the Czech...

Issues

Report: Hungary lacks medical culture

Hungary lacks the culture for handling medical malpractice but legal issues are likely to gather pace in health care, Hungarian...

Banking

Hungary to tax internet content providers

State secretary László L. Simon says Internet content providers should take their “share of the public burden” by paying taxes...

History

Hungarian PM removed from Oxford hall of fame

Hungarian PM Viktor Orbán was deleted from the hall of fame section of British Oxford university, Hungarian online daily borsonline.hu...

Retail

Erzsébet voucher purchases to reach HUF 140 bln

Purchases made with Erzsébet vouchers could reach HUF 140 bln in 2014, increasing from HUF 120 bln last year, Hungarian...

Awards

More cases for Budapest arbitration board

Cases brought before the Budapest Arbitration Board (BBT), an out-of-court body responsible for the settlement of consumer and business disputes,...

Weather

Bumper apple crop

Apple crop is expected to reach 800, 000 tons this year. It will be the biggest crop in a decade...

Sustainability

KSH: Home sales edge up

There were 89,000 homes sold in Hungary in 2013, up 3.2% from 2012, the Central Statistics Office (KSH) reported today....

Deals

CIB parent committed to Hungarian unit

CIB Group, the Hungarian unit of Italy's Intesa Sanpaolo banking group, sustained after-tax losses of HUF 33.8 bln in the...

Automotive

Audi Hungaria revenue climbs one-third

German carmaker Audi's unit in Hungary generated first-half revenue of €3.712 bln, an increase of one-third from €2.796 bln in...

Tourism

KSH: Foreigners spend slightly more in Hungary

According to the latest data published by the Central Statistics Office (KSH), foreign visitors arriving to Hungary last year spent...

History

Fidesz rejects criticism from EC VP Kroes

Governing party of Hungary Fidesz dismissed the criticism on media freedom made by EC Vice President Neelie Kroes...

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...