Christian Keszthelyi

Deals

Next talks on INA set for July 25

Next discussions on INA by the negotiators of the Croatian government an Hungarian oil and gas company MOL will be...

Analysis

GKI-Erste: Businesses not as confident as consumers

GKI-Erste announced today that their combined index of consumer and business confidence fell in July as a result of worsening...

Analysis

State fails to sell Kapuvári meat assets, 7th tender set

State-owned liquidator National Reorganization Nonprofit (NRN) cancelled the contract it signed with Saudi Arabian investors in May to sell the...

Tourism

KSH: Gross wages up 4.9% y.o.y. in May

Flat prices helped average gross wages in Hungary rise 4.9% year-on-year in May, the latest publication of the Central Statistics...

Deals

MAL assets offered for HUF 17 bln

State-owned liquidator Nemzeti Reorganizációs Nonprofit offered the assets of troubled aluminum-oxide maker MAL for the price of HUF 17 bln,...

History

Orbán: Spending freeze precautionary measure

The HUF 110 bln freeze in central budget spending, which was announced yesterday, is a “precautionary measure”, Hungary’s Prime Minister...

Deals

Government freezes HUF 110 bln in spending

The Hungarian government will freeze HUF 110 bln in the expenditures of the central budget in order to meet this...

Food

Kapuvári Hús on sale again

Investors have failed to pay the prescribed HUF 650 mln to buy Hungarian meat company Kapuvári Hús, therefore the deal...

Sights

Official: Job program encouraged 110,000 hires

Hungarian companies have saved HUF 170 bln thanks to the government’s job protection plan, Hungarian Magyar Nemzet reported today. Businesses...

Telco

State road co. buys 80 John Deere tractors

Hungarian state road company Magyar Közút will aquire 80 new John Deere tractors at a cost of HUF 2.7bn, the...

MNB

Twice as many farmers apply for cheap loans

The number of farmers applying to the Funding Growth Scheme launched by the National Bank of Hungary (MNB) has more...

Banking

New electronic tills cash in HUF 5 bln

Businesses forced to buy a new electronic cash system directly connected to the Hungarian National Tax and Customs Authority (NAV)...

Telco

MÁV to start InterCity carriage production

State-owned Hungarian railway company MÁV is to launch the production of an InterCity carriage developed by the company, Hungarian business...

Sights

Companies delaying payment of chamber fees

As many as 150,000 companies failed to pay the mandatory Chamber of Commerce registration fee this year, Hungarian daily Magyar...

Transport

New air route from Budapest to Kazakhstan

Direct flights between Hungary and Kazakhstan could start soon. An air service licence was submitted to the Hungarian authority and...

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...