Christian Keszthelyi

MNB

FX law proposal refined; vote expected today

Banks will not be able to make unilateral changes to the interest rates or fees of retail loans unless a...

Analysis

Constitutional Court verdict: Saving coops transformation to continue

Transformation of the savings cooperative sector can be continued as it is in line with the constitutional requirements, the verdict...

Telco

Agulhas-Solar expands Szolnok solar panel plant

Hungary-based solar panel producer Agulhas-Solar is expanding its plant with the installation of a HUF 320 mln solar panel line...

City

Planes circle Kecskemét, fueling talk of commercial flights

After residents of Kecskemét reported seeing a WizzAir commercial jet flying around the city for a few hours on Monday,...

Competition

Brussels’ projection said blurred by ‘methodological hesitance’

The Monday report by the European Commission, suggesting that Hungary take further steps in order to consolidate its fiscal position,...

City

City Council OKs upgrade of M3 metro

Budapest's City Council yesterday approved a proposal for a preliminary phase of reconstruction work on the capital's busy M3 metro...

Analysis

RTL to sue in Hague court

Hungarian leading commercial TV channel RTL Klub said today it would take its fight against the new ad tax to...

MNB

Rogán: FX law to set exchange rate below market rate

The new law on foreign exchange loans would force banks to value the forint below market rates when compensating borrowers...

Banking

Hungarians could pay for Google, Facebook advertisements

Hungarian advertisers might be required to pay taxes for advertisements appearing on Facebook, Google and Youtube, under a proposal that...

Tourism

Gov’t rushes to close RTL Klub tax loophole

After realizing that the fine print in the new advertising tax law would let the leading Hungarian TV channel RTL...

Int'l Relations

Szijjártó discusses partnership with Serbia

Péter Szijjártó, state secretary for foreign affairs and trade of Hungary, met with Snezana Bogosavljevic-Boskovic, the co-chair of the Hungarian-Serbian...

Telco

Industrial producer prices drop 0.8% in May

Industrial producer prices fell by 0.8% on average in May 2014 as compared to the figures of the previous month,...

Food

MOL to acquire North Sea licences for $130 mln

Following its announcement to start drilling in the North Sea, Hungarian oil and gas company MOL has agreed to spend...

Retail

China-based IT company to open HQ in Budapest

Chinese IT company Pactera is opening its Central European headquarters in Budapest, following the announcement of its €11 mln investment...

Competition

MNB official says FX law could cost banks HUF 900 bln

The FX loan bill submitted by the government last Friday to compensate borrowers who were hurt by foreign-exchange fluctuations might...

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...