Christian Keszthelyi

Recycling

Hungary to establish new wastewater treatment system

Hungary-based Szennyvízújrahasznosító Kft. has signed a franchise agreement with Applied CleanTech to use its Sewage Recycling System (SRS) in wastewater...

Pharma

Apollo Tyres to build plant in Hungary

India-based Apollo Tyres Ltd. is willing to build a plant in Europe and has narrowed the possible location to either...

Automotive

Hungarian Daimler plant generates €2.1 billion revenue

German car producer Daimler has seen increasing revenue and employee numbers. The leaders of the plant are optimistic about the...

Incubators

Hungarian startup in Boston finals

Hungarian startup Remotaid has qualified for the finals of the Boston-based MassChallange, where it will compete against 127 other startups...

Issues

Hungarian top court annuls labor code passage

The Constitutional Court of Hungary decided to throw out stipulations in the country’s labor code which had restricted the protection...

Retail

Half-million users on Hungarian p2p file sharing site

Although file sharing beyond certain limits can be illegal, Hungary-based peer-to-peer (p2p) website nCore has more than 580,000 users and...

Analysis

Hungarians most internet-a-holics of the region

A research on behalf of Google explored the internet surfing habits of the region; including Hungary, the Czech Republic, Slovakia,...

Music

Hungarian state-owned lottery company revenue climbs 14%

Hungarian state-owned lottery company Szerencsejáték Zrt. acquired a revenue of HUF 243.3 billion last year, performing approximately 14% better than...

Deals

Andy Vajna wins casinos over Hungarian Szerencsejáték Zrt.

Andy Vajna, government commissioner in charge of the Hungarian film industry, has won concessions of Hungarian casinos over state-owned Szerencsejáték...

Recycling

Hungary fourth-biggest engine producer in Europe

Hungary is now the fourth biggest engine manufacturer in Europe, following the third-place United Kingdom closely....

Deals

Former PM to attend Bilderberg meeting

Együtt-PM leader Gordon Bajnai’s, Former Hungarian Prime Minister, name is on the list of leaders invited to the Bilderberg meeting...

Awards

BME pneumobiles blow competition away, again

A team from the Budapest University of Technology and Economics (BME), entitled Kakukktojás, won first award at the Pneumobile 2014...

History

U.S. Reps bolster halt on Hungarian Holocaust Memorial

Jewish members of the U.S. House of Representatives are discouraging the Hungarian government to erect the controversial memorial for the...

Visits

PM refuses to support EC president candidate

Hungarian Prime Minister Viktor Orbán said he will not support Jean-Claude Juncker in becoming the president of the European Commission,...

Issues

Bribery caused disagreement not allayed

MOL Nyrt. chairman Zsolt Hernádi was cleared of bribery charges in the acquisition of Zagreb-based refiner INA Industrija Nafte d.d....

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...