Christian Keszthelyi

Energy Trade

Ukraine and Hungary discuss gas situation in secrecy

Hungary and Ukraine discussed ways to ensure secure their supply of energy at emergency talks held in Budapest yesterday, just...

Telco

K&H Bank to close nine branches, invest in online services

K&H Bank has decided to close nine bank branches in Hungary while investing HUF 6 bln between 2014 and 2017,...

Telco

BalaBit to receive $8 mln capital injection

The London-based venture capital firm C5 Capital is planning to invest $8 million in BalaBit, a Hungarian company specializing in...

Telco

Hungary’s services trade surplus nearly unchanged

When it comes to services, Hungary had a net trade surplus in Q1 this year, a decrease of less than...

Energy Trade

Hungary and Turkmenistan talk about gas pipelines

Hungarian Development Minister Miklós Seszták held talks in Budapest yesterday with his Turkmeni counterpart, Hojamuhammedov Baymyrat, deputy prime minister for...

Deals

IT company acquires Hungarian ‘big-data’ startup

Global big data analytics company RapidMiner has acquired its former partner, Hungarian software developer Radoop, executing one of the first...

History

Amnesty International Hungary: Hands off NGOs

Human rights advocacy group Amnesty International Hungary (AIH) announced yesterday that it has asked the Hungarian government to “stop targeting”...

Sights

Chinese e-commerce company launches Hungarian website

Yiwubuy, which calls itself the website of the world's biggest small commodity market, has launched a Hungarian operation (hu.yiwubuy.com), the...

Int'l Relations

Hungary discusses energy affairs with the US

US and Hungarian officials met in Budapest today to discuss the situation in Ukraine and energy security in Central Europe...

Competition

Development Ministry seeks tenders for hydrocarbon exploration

Concession tenders have been published for exploration and production of hydrocarbon fuels – as well as projects to produce and...

In Hungary

Pay for parking, motorways with your phone

As of July 1, Hungary will introduce a uniform system allowing motorists to pay for parking and motorway use via...

MNB

Government plans new law after FX ruling

Hungary’s governing party Fidesz will protect borrowers by submitting legislation to phase out FX mortgages, in response to the Curia...

Telco

Austrian company considering major Hungarian investment

Greiner Bio-One, an Austrian manufacturer of disposable health care products is considering the expansion of its facilities in Hungary, managing...

Issues

Hungarian Curia decides on FX mortgage loan issue

Hungary’s Supreme Court (Curia) delivered its long-awaited decision on the fairness of bank loans today, upholding a previous ruling that...

Transport

Wizz Air cancels London IPO plans

The Hungarian low-cost airlines company Wizzair said it would cancel plans to list its shares on the London Stock Exchange...

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...