Christian Keszthelyi

In Hungary

Board Diversity, Inclusion Boosts Business Resilience

Diversity on boards of directors and decision-making bodies to steer businesses is essential to ensure that companies are resilient, even...

Automotive

Rába Posts HUF 570 mln Loss in Q1, Pays no Dividend on 2021 Earnings

Hungary’s majority state-owned listed manufacturer Rába Automotive Group (Rába Járműipari Holding Nyrt.) posted a loss of HUF 570 million after...

Automotive

Market Talk: Skids Underneath Automotive Sector Slow Manufacturing Output

COVID and the shortage of microchips, the war in Ukraine, and sputtering supply chains have held back Hungary’s automotive industry,...

HR

Hybrid Working Shakes up the Market, Seen to Stay for Some Time

After the impact of coronavirus introduced large-scale working from home, some people are returning to office work partially. With hybrid...

Manufacturing

Soaring gas Prices Disrupt Hungarian Fertilizer Manufacturing

Like some other fertilizer manufacturers in Europe, Hungary’s Nitrogénművek has temporarily halted ammonia production and may soon stop fertilizer production...

Manufacturing

Manufacturing Sector Sees Capacity Expansions in March

The Hungarian manufacturing sector has seen its fair share of recent investments in capacity expansions. These activities indicate a healthy...

Banking

Sberbank Hungary Falls With Austrian Parent on Sanctions Against Russia

Sanctions against Russia pushed the regional unit of Sberbank into failure, making the entity one of the first victims of...

Banking

Bank Sector Grows in 2021, Still Lags Pre-pandemic Levels

Hungarian banks started this year with increased stability. In fact, the most recent figures from the National Bank of Hungary...

Automotive

Automotives Prepare for Greener Future, Face Serious Supply Issues

The Hungarian automotive sector is undergoing a significant transformation, with more environmentally friendly and sustainable vehicle manufacturing on the rise....

Retail

Online FMCGs Reap Fruit of Pandemic’s Disruption

While the pandemic restructured every industry, the online shopping segment of the fast-moving consumer goods sector has surfaced as a...

Retail

Market Talk: Players Grapple With Shifting Environment, Consumer Habits

Major players in the fast-moving consumer goods sector are, as you would expect, keeping a close eye on how their...

Office Market

Office Equipment Trends Receive COVID Boost

As vaccination rates pick up and pro-booster sentiment grows, offices are experiencing much more traffic than those haunted open spaces...

Energy Trade

Cleaner Energy Goals Drive Automotive Industry Changes

Climate goals calling for cleaner energy to counter global warming and reverse its harmful effects are causing changes that are...

Interview

EY Brings Global Delivery Services Center to Hungary, Eyes Further Expansion

EY’s Global Delivery Services (GDS) Center will be housed at the Hungarian headquarters and aims to employ 500 professionals in...

Analysis

Market Talk: Pandemic Adds Extra Heat to Service Centers Competition

The COVID-19 pandemic may have triggered a new golden era for the services center market, be it shared services (SSC),...

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...