Christian Keszthelyi

Analysis

Hungary’s central bank expects zero inflation, faster growth

Hungary will have no inflation this year, according to the National Bank of Hungary (MNB), which had previously projected 0.7%...

Issues

Leak said to show MOL chief’s INA legal strategy

A leaked recording of a conversion between a Polish official and a Polish CEO indicates that MOL CEO Zsolt Hernádi...

Pharma

China-based IT company to invest €11 mln in Hungary

Pactera, China-based IT consulting company, is planning to open an €11 mln development center in Hungary, as a first step...

Analysis

Economic expectations inch up in June

An increase in business confidence offset a decrease in consumer confidence, leaving economic expectations practically unchanged in June, according to...

Deals

Dunaferr to invest around €30 mln in Hungary

Hungarian steelmaker ISD Dunaferr is planning to make further investments at its plant located in Dunaújváros at the beginning of...

Telco

Pannónia Ethanol’s Dunaföldvár unit makes HUF 4bln profit

The Dunaföldvár plant of Pannónia Ethanol, the Hungarian unit of Irish-owned Ethanol Europe Renewables, had an after-tax profit of nearly...

Ratings

S&P upgrades OTP outlook to stable

Standard & Poor’s has improved its assessment of Hungary’s OTP Bank and OTP Mortgage Bank, upgrading the banks’ credit rating...

Tourism

New counting method gives rosy glow to liquidation figures

Based on the new means of counting, 14,683 companies were liquidated between May 2014 and the same period a year...

EU

Brussels softens recommendations for Hungary

Hungary has recorded considerable achievements in the country-specific economic policy recommendations the EU Council of economic and finance ministers (Ecofin)...

Issues

This week: Gov’t, banks weigh options on FX loans

EDITORIAL...

Deals

MOL to invest in Russia

Hungarian oil and gas company MOL is seeking new oil exploration investments in Russia, CEO József Molnár said at the...

Banking

Lázár defends ad tax, forsees more taxes in 2015

The advertisement tax will not just stay but will possibly grow, and new taxes will be introduced in 2015, János...

Tourism

Changes sought to beef up +55 employment

Attitudes among employers and employees need to change if Hungary is going to increase hiring among its older workers, representatives...

History

CIB Bank stays bullish on Hungary

Intesa Sanpaolo, parent bank of Hungarian CIB, announced at a press conference in Turin yesterday that it has no intentions...

Initiatives

Lázár takes over as Hungary’s chief negotiator on EU funds

János Lázár, minister of Prime Minister’s Office, will take over as Hungary’s chief negotiator of EU fund planning, replacing current...

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...