Christian Keszthelyi

Deals

Three fined total of HUF 11.5 mln for ‘wash trades’ on BUX

The National Bank of Hungary fined three investors a total of HUF 11.5 mln for "wash trades" on the Budapest...

Tourism

Czech airline CSA to fly to Héviz-Balaton

CSA Czech Airlines will launch a weekly flight from Prague to Héviz-Balaton Airport near Lake Balaton in central Hungary in...

Banking

Varga elaborates on RTL Klub investigation

In what would appear to be a targeted attack on a news station that recently vowed to be more critical...

Tourism

Hungarian unemployment rate edges down to 8%

Hungary's unemployment rate between March and May was 8%, a slight improvement on the previous three-month period, when the rate...

Deals

Inflation report puts fiscal deficit below target

The latest inflation report of the National Bank of Hungary (MNB) puts this year’s ESA general government deficit at 2.7%...

Conferences

Hungary’s Central Bank to expand abroad (updated)

The National Bank of Hungary (MNB) is planning to expand its operation and open offices in Hamburg, Paris, Rome, New...

Telco

Anonymous seller dumps 4% of MOL shares

Anonymous investors sold 4.28 million shares, or 4% of the total ownership, of Hungarian gas and oil giant MOL yesterday,...

Energy Trade

Gas from Ukraine arrives intact, reserves filling up

The delivery of gas from Ukraine is proceeding according to contract, and Hungary's strategic gas reserves are being filled continuously,...

Automotive

Daimler to make new compact car exclusively in Hungary

German vehicle maker Daimler AG will manufacture its new Mercedes-Benz CLA Shooting Brake compact car exclusively at the company's Hungarian...

MNB

Hungarian government to submit FX loan bill today

The Hungarian government is expected to submit a bill today on reparations for customers holding FX loans, based on the...

Analysis

Henkel Hungary raises HUF 6.7 mln for UNICEF

Henkel Hungary and Tesco raised HUF 6.7 mln in Hungary to help clean up the water supplies of African villages,...

Telco

Dutch dairy company invests HUF 650 mln in Hungary

Dairy company FrieslandCampina Hungária, the Hungarian branch of Netherlands-based FrieslandCampina, has announced an investment of HUF 650 mln at its...

Int'l Relations

Szijjártó discusses Ukraine, Norway Grants with US

The Ukrainian conflict, the government’s attacks on Norway Grants to non-profits and trade with the US were the topics discussed...

Int'l Relations

Szijjártó: Hungary needs foreign investors

Given the need for foreign investors to continue Hungary’s reindustrialization, the government is planning to simplify the system of benefits...

In Hungary

Retail trade grows; half our purchases go in our mouths

The nominal value of Hungary’s retail trade grew by HUF 61 bln year-on-year in April, reaching HUF 745 bln, with...

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...