Christian Keszthelyi

Food

Consumer prices take record drop

Consumer prices in June decreased by 0.3% compared with June a year ago, the steepest decline in prices since statistics...

Tourism

Hotel stays edge up 2.9% y.o.y. in May

The number of guest nights at commercial accommodations in Hungary rose by 2.9% year-on-year in May, the Central Statistics Office...

Deals

Raiffeisen: FX-loan law will cost their bank €120-€160 mln

Raiffeisen Bank International (RBI) announced yesterday that the recently approved borrowers’ relief legislation in Hungary would cost Raiffeisen banks in...

History

Seszták discusses energy security in Lisbon

Miklós Seszták, the development minister of Hungary, held talks in Lisbon yesterday on energy policy issues and investments, Hungarian news...

History

Hungarian lottery company to go international

State-owned lottery company Szerencsejáték Zrt. is planning to join the international lottery, Hungairan business daily Világgazdaság reported today....

Conferences

EC to investigate state aid given to Audi

The European Commission is investigating a grant, from the Hungarian government to the German carmaker Audi, of €133.3 mln in...

Analysis

Banking Association urges court review of FX law

The Hungarian Banking Association has issued a request to the president of Hungary to order the Supreme Court (Kúria) to...

Telco

Trade surplus at €419 mln in May

Hungary had a €419.2 mln trade surplus in May, a decrease from the figures (€71.9 mln) of same month last...

History

Ministry suspends public company contracting

All contracting, which is not necessary for everyday operations, is suspended for state-owned companies for the summer in order to...

Energy Trade

MVM, Gazprom Export to discuss increased gas deliveries

Officials of the state-owned Hungarian Electricity Works (MVM) and Russian Gazprom will discuss further deliveries of gas from Russia to...

Food

U.S. automotive company to expand in Hungary

BorgWarner, U.S. automotive industry supplier, is planning to raise headcount at the company’s Hungarian base located in Oroszlány by more...

Tourism

Varga: no FX loans by year’s end

All foreign-currency denominated loans would be eliminated from the Hungarian lending market by converting them to forint loans by the...

Issues

Top court: No referendum needed on Paks nuke plant

The Supreme Court of Hungary (Kúria) today rejected the leftist alliance E-PM's appeal stating that there should be a referendum...

Telco

Competition office fines cement firms HUF 2.8 bln

Eight ready-mixed concrete companies and the Hungarian Concrete Association were fined a total HUF 2.79 bln, for setting prices and...

Telco

Budget deficit reaches 82.2% year target

In the first half of this year, the budget deficit reached HUF 813.7 bln, which is already 82.6% of 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...