Christian Keszthelyi

World

Russia halts gas to Ukraine; Hungary’s supply secure

Russia has stopped sending gas to Ukraine, officials announced today, but Hungary’s gas supply is secure according to National Development...

Recycling

Hungarian Geosol inaugurates HUF 2 bln biomass system

Hungarian-owned alternative fuel company Geosol has completed development of a biomass and waste treatment system, with an investment of HUF...

Construction

Construction dips in March-April, but rises 27.7% for the year

State infrastructure spending helped the country’s construction output increase 27.2% year-on-year in April, the Hungarian Central Statistics Office (KSH) announced...

EU

KSH: Hungarian energy bills drop closer to EU average

Once among the most expensive in Europe, Hungarian household energy prices have dropped to somewhere in the middle range for...

Deals

MOL recycles 280 tons of used cooking oil

Since launching its cooking oil recycling project in 2011, Hungarian fuel company MOL has collected 280 tons of used cooking...

Banking

Week in review: Read his lips – new taxes!

EDITORIAL...

Food

Hungarian income distribution pear-shaped

Hungary’s income distribution resembles a pear; skinny at the top and fat at the bottom, the research of GfK and...

Awards

Samsung introduces football mode for TVs in Hungary

Samsung announced the introduction in Hungary of its latest televisions, with the so-called “football mode”. Thanks to the AutoHighlights function,...

Tourism

Hungarian suicide rate on the rise

The number of suicides in Hungary has been rising since the start of the economic crisis, according to the Central...

Banking

Orbán: Sectoral taxes will stay; personal income tax will shrink

The special taxes on the the financial, energy, retail and telecommunications sectors will remain in place for as long as...

Competition

Hungary in Angel MedFlight’s record

A patient flying from Hungary to Texas helped Angel MedFlight Worldwide Air Ambulance break records in May....

Telco

MOL to drill in North Sea

Hungarian oil and gas company MOL has received the approval to start drilling in the so-called Catcher Area located in...

Banking

Opposition Együtt-PM to take ad tax to EC

The opposition political alliance Együtt-PM (E-PM) announced today that it will turn to the European Commision to oppose the new...

Ratings

Fitch withdraws support ratings of Hungarian banks

The credit-rating company Fitch Ratings announced yesterday that it will no longer provide Support Ratings of four CEE banks, including...

Banking

Parliament approves advertisement tax

The Hungarian Parliament approved the controversial tax on advertisement revenues Wednesday, despite protests from media on all sides of the...

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...