Christian Keszthelyi

Drinks

Zing Burger eyes establishing franchise

Hungarian hamburger restaurant chain Zing Burger is planning to create a franchise network, according to a press statement sent to...

History

British Academy urged gov’t to drop legislation before passed

Professor Ash Amin, Foreign Secretary and Vice President of the British Academy, wrote a letter to Hungarian Minister of Human...

Banking

Fidesz MP hints at cut, not raise, in ad tax

Hungary will not introduce a 9% advertising tax - almost double the current measure - in 2018, as had been...

Elections

Hungarian Parliament passes ‘lex CEU’ law

Hungary’s Parliament has passed legislation modifying the law on higher education in an expedited procedure. The legislation threatens to put...

Banking

Lázár says ad tax rate still undecided

Although Minister for National Economy Mihály Varga submitted a proposal to Parliament that would raise the advertising tax from 5.3%...

History

Thousands demonstrate for CEU once again

Thousands of protesters hit the streets once again Tuesday in support of the Central European University, demonstrating against legislation passed...

EU

Hungary may face EU quota ultimatum, says report

Hungary and Poland may face an ultimatum this year from Germany, France and up to 21 other countries, making the...

Ecosystem

CEU ‘condemns’ education law, eyes legal steps

The Central European University (CEU) has condemned Parliament’s passage of amendments to the law on higher education today, claiming the...

Analysis

Gov’t rejects Freedom House report as work of Soros

Reacting to a report published today by Freedom House claiming that democracy is deteriorating in Hungary, governing party Fidesz said...

Government

Freedom House sees Hungarian democracy crumbling

The current Hungarian regime is ranked as a “semi-consolidated democracy” in the Nations in Transit 2017 report by Freedom House,...

In Hungary

Parliament expected to fast-track ‘lex CEU’ Tuesday

The Hungarian Parliament is set to debate and vote on a draft bill on education tomorrow in an expedited procedure...

Transport

Wizz Air launches Budapest-Astana route

Hungarian low-cost airline Wizz Air today announced the launch of its new Budapest-Astana route as of June 8, twice a...

Ecosystem

CEU rejects PM’s allegation of fraudulent operations

While the Central European University “utterly rejects” comments by Prime Minister Viktor Orbán suggesting it has been operating fraudulently, more...

History

Hungary’s economy heavily depends on EU funds, study finds

Although the Hungarian economy grew by 4.6% in the 2006-2015 period, without EU funds sent to Hungary in the framework...

Visits

‘Soros university’ has ‘unfair’ advantage, claims Orbán

In what appears to be a brewing crusade against Budapestʼs Central European University (CEU), Hungary’s Prime Minister Viktor Orbán said...

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...