Christian Keszthelyi

History

Let’s drive, not walk

Almost 40 % of Hungarian consumers are ready to drive 15 minutes to the nearest shopping center, a new study...

Construction

Construction soars 28.7% in May

Rail and road work helped construction output grow 2.2% in May as compared to April, and construction in the first...

Automotive

Audi to add third shift at Győr plant

German carmaker Audi is planning to add a third shift at its Hungarian plant in order to meet the expectations...

Issues

Court cases launched against 60 pharmacies

Sixty pharmacies are named in court procedures launched by Hungary’s chief physician’s office (OTH), on charges they failed to comply...

Crops

Hungary’s May c/a surplus dips from April

Hungary's current-account surplus dropped to €317 mln in May, down from €519 mln in April, data pubished by the National...

Int'l Relations

Eximbank to expand throughout Hungary

Eximbank, Hungary's state-owned export-import bank, is planning to set up a branch network throughout Hungary, Péter Szijjártó, state secretary for...

Deals

Gazprom may buy Crotian INA from MOL

Russian power and energy giant Gazprom has expressed its intention to buy a controlling stake INA, the Croatian refiner that...

Food

Balog: Hungary has room for one or two more rate cuts

The National Bank of Hungary (MNB) still has room for one or two more reductions in its record low base...

History

Jobbik MP: We must fight exodus of youths

Almost half of young Hungarians are considering emigrating for good, and the government is failing to tackle the issue, warns...

Telco

FHB: FX-loan law may cost 19.5 bln forints

Compensating foreign-currency borrowers could cost FHB Mortgage Bank up to HUF 19.5bn at group level, the bank announced late Friday....

MNB

FX-loans costs reviewed

Hungary's central bank’s experts say recently approved borrowers’ relief legislation could cost the country’s financial sector HUF 700 to 900...

Telco

K&H Bank named Hungary’s best by Euromoney again

K&H Bank, the subsidiary of Belgian KBC, has been named “Hungary’s best bank” in Euromoney’s 2013 Awards for Excellence, K&H...

Food

Analysts: Record CPI dip no cause for alarm

Today's announcement that the Hungarian Consumer Price Index dropped 0.3% in June, the biggest such drop since figures were kept,...

Deals

EC could fine Hungary HUF 90 bln in tenders case

The European Commission could fine Hungary HUF 70-90 bln if it finds that Hungary used discriminative restrictions in some of...

Conferences

Hungarian scientist helps build a digital creature

Hungarian scientist Balázs Szigeti is participating in an open science project entitled OpenWorm, in which researchers are trying to create...

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...