Christian Keszthelyi

Banking

Hungarian advertising tax shocks TV channels

Both the greatest Hungarian TV channels, RTL Klub and TV2, have expressed their strong objections against the possible introduction of...

Banking

Hungarian MP defends advertisement tax bill proposal

László L. Simon, MP of governing Fidesz, defended his advertisement tax proposal after its submission has caused roar in Hungarian...

Retail

Hungarian MEP denies spy accusations

Béla Kovács, who is a Hungarian Member of European Parliament representing the country’s far-right Jobbik party, denies the accusations of...

Automotive

New car registrations grow 15% in May

The number of new passenger car registrations rose in May, growing by 14.6% year-on-year to reach 5,739, Datahouse reported. The...

Sights

Asbestos decontamination in Hungary to cost HUF 20bn-25bn

Removing asbestos from Hungarian residential buildings is expected to cost about HUF 20 billion - 25 billion. Decontamination is urgent...

Sights

Hungarian government to unify water service fee

The Hungarian government is planning to establish a system of uniform water service fees. The bill regulating the universal water...

Food

Financial crisis makes Hungarians obese

A new study carried out by Fit not Fat seems to show that the financial crisis is making people around...

Retail

Hungarian national tobacco stores closed for 60 days to lose concessions

National tobacco stores in Hungary are not allowed to operate in hypermarkets and at gas stations anymore, as new regulations...

Interview

New Hungarian government is set by PM

Museums

Hungarian LEGO world record tower disassembled

Enthusiasts and school children in Hungary set a new world record by building the largest LEGO tower ever made, last...

Analysis

Advent of smart homes to create new business opportunities

As smartphones are no more novelty, it seems that technology is going to make a new area of our lives...

Interview

New Hungarian government is set by PM

Hungarian Prime Minister Viktor Orbán has submitted the nominations for his ten-member cabinet and included them in a letter sent...

Retail

Hundreds of Hungarian tobacco stores to stay closed from tomorrow

New regulations controlling Hungarian tobacco stores (or as Hungarians call them: trafiks) force the closure of many trafiks around Hungary....

Hungarian Socialist party leader resigns

Hungarian Socialist party (MSzP) Chairman Attila Mesterházy announced his resignation on Thursday (May 29) after the party suffered successive crushing...

Visits

Hungary’s deputy PM to be nominated EU commissioner

Tibor Navracsics, deputy PM of Hungary, said he could be nominated as a commissioner in the new EU executive by...

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...