Christian Keszthelyi

World

World Bank projects 2.4% growth for Hungary in 2014

The Hungarian economy will grow 2.4% in 2014 and 2.5% in 2015, according to GDP projections by the World Bank....

Sights

Magnit to build forwarding base in Hungary

Russian retail chain Magnit is planning to build a distribution base near Záhony in Eastern Hungary, city mayor Imre Háda...

History

UPDATED: Danone to close plants in Hungary

French food group and dairy product manufaturer Danone is planning to close plants in Europe, with cuts that are expected...

Retail

Hungarian software Prezi wins prestigious award

Hungarian presentation software company Prezi was awarded at The Europeas Awards, the most prestigious technology startup tech awards of Europe....

Banking

Hungarian government ready to approve ad tax in present form

The parliamentary group of the governing Fidesz party unanimously supported the approval of a bill before parliament calling for the...

Food

Companies to hire more people for Q3

Staffing company Manpower’s survey revealed that companies plan to hire more people in Q3 up from Q2 and Q1's respective...

Deals

MOL announces significant oil discovery in Pakistan

Hungarian oil and gas company MOL announced on Tuesday that Ghauri Joint Venture (GJV) has made a significant oil discovery...

Retail

Canon’s new cloud service introduced in Hungary

Canon has introduced its new worldwide photo storage system Irista a few days ago, which is also available for Hungarian...

Recycling

Samsung inaugurates new plant in its Hungarian factory

Samsung Hungary Zrt. is opening a new plant by an investment of $25 million in Jászfényszaru. This expansion is a...

Int'l Relations

Szíjjártó has bilateral talks in China

Péter Szíjjártó, Hungary's state secretary for foreign affairs and external economy, traveled to China on Saturday for bilateral talks with...

Banking

Ad tax protest hits the streets in Hungary

Approximately 1,000 protesters gathered in front of the Hungarian parliament to denounce the advertisement tax bill submitted last week....

Telco

Eagle Ottawa to raise headcount in Hungary

American automobile interior maker Eagle Ottawa is planning to raise headcount at its base in Szolnok to 1,200 by the...

Government

Feelings escalated quickly

EDITORIAL...

Telco

Hungary trade surplus reaches €625 mln

April figures revealed that Hungary had a €625 mln trade surplus. The measure is down by €47 mln from the...

Interview

Hungarian government ministers formally appointed

President of Hungary János Áder on Friday formally appointed the ministers of Prime Minister Viktor Orbán’s third government....

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...