Christian Keszthelyi

Int'l Relations

Hungary, Indonesia plan more business partnerships

Hungarian business delegates are finding potential investments in their visit to Indonesia, the director general for international industry cooperation in...

Sights

Anthrax hits Hungary again

Deadly anthrax infection has been identified in Hungary’s Heves county, Hungarian veterinary authority NÉBIH announced on its website yesterday. One...

Energy Trade

Ukraine continues delivering gas via Hungary

Ukraine imported approximately 214 million cubic meters of gas via Hungary in June, Ukrainian news website dialog.ua reported yesterday, citing...

Banking

Ad tax to cost RTL €15 mln

The recently approved tax law on advertising revenue is forcing main Hungarian commercial TV RTL Klub to pay €15 mln...

Budapest a candidate city for 2028 Olympics

Hungary is planning to apply to host the 2028 Summer Olympic Games here in Budapest, according to a report....

Telco

OTP banking on loss of HUF 147 bln due to FX law

As a result of new legislation on FX loans, passed by the parliament last Friday, Hungary’s OTP Bank said it...

History

Hungary’s government to continue nationalization

Following its majority stake acquisition in Budapest natural gas supplier Főgáz, the government is planning to continue acquisitions in order...

Recycling

Hungary preps contracts for new Paks reactors

Three more contracts must be signed by Hungary and Russia to initiate the upgrade of the Hungarian nuclear power plant...

Automotive

Industrial production drops 1% in May

Industrial output volume in Hungary dropped 1% between April and May, but increased a healthy 9.6% year-on-year, according to a...

Telco

Master Good inaugurates HUF 2.1 bln expansion

Family-owned Hungarian poultry company Master Good inaugurated a HUF 2.1 bln expansion at its base in Kisvárda yesterday, owner Lászó...

City

Wizz Air could launch London-Győr route

Hungarian low-cost airline Wizz Air is considering a London flight from the newly expanded Győr-Pér Airport chiefly used by the...

Pharma

Chinese-Hungarian medical center opens in Budapest

China and Hungary have jointly opened a health center in Budapest’s eighth district offering services of applying traditional Chinese and...

Telco

Former barracks transformed into hotel

Hungarian waste management business TAPPE Szállítási és Feldolgozó Kft. has opened a HUF 560 mln, three-star hotel at the site...

City

Győr expands airport for Audi; Wizz eyes flights

The expansion of Győr-Pér Airport, with a price tag of €6.6 mln, was officially inaugurated today. The airport is now...

Social

Talented Hungarians get US fellowships

The US government has provided more than $11 mln to give nearly 400 deserving candidates a unique possibility to undertake...

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...