Christian Keszthelyi

EU

Hungarian gov’t to launch ‘stop Brussels’ consultation

The Hungarian government looks likely to launch a national consultation, accompanied by “intensive information activities”, asking Hungarian citizens to help...

History

Food association on different page to farm ministry

Hungary’s National Association of Food Processors (ÉFOSZ) has drawn different conclusions from a recent investigation by food safety authority NÉBIH...

History

Planned ad tax raise could shut down some media outlets

The Hungarian Advertising Association (MRSZ) has protested against recently announced government plans that would raise the advertisement tax to almost...

Analysis

CEU committed to stay in Budapest

The Central European University is committed to staying in Hungary, and urges the Hungarian government to withdraw its proposed legislation...

Initiatives

Proposed higher education law threatens Central European University

Proposed legislation submitted to Parliament late Tuesday promises to clarify and tighten rules related to foreign institutions offering higher education...

History

U.S. concerned about proposed education law

The United States is “very concerned about the legislation proposed by the Hungarian Government yesterday that would severely impact the...

Drinks

Multinationals ‘con and deceive,’ claims minister

Hungary’s Minister of Agriculture Sándor Fazekas said this morning during a press conference that multinationals in Hungary “con and deceive...

MNB

MNB ‘unexpectedly dovish’ after Council meeting

The National Bank of Hungary (MNB) is being viewed as unexpectedly dovish after its Monetary Council decided Tuesday to set...

Banking

Government plans major advertising tax hike

Advertising tax in Hungary is set to be raised from the current 5.3% to 9% as of June, for taxpayers...

Interview

MVM workersʼ union plans demo, possible strike

With two months of unsuccessful negotiations on wages having passed, the workersʼ union of the Hungarian electricity works MVM is...

Drinks

Gov’t sticks to totalitarian symbols draft, may hurt Aeroflot

Despite Heineken settling its dispute with a Transylvanian brewery, the Hungarian governing Fidesz-KDNP coalition seems set on sticking to the...

Office Market

Reviving property market seems to boost Váci Corridor

Budapest’s District 13 has seen a boost in investor sentiment lately, as more than 120,000 square meters of new office...

MNB

Eyes fixed on MNB’s council meeting Tuesday

Tomorrow’s meeting of the Monetary Council of the National Bank of Hungary (MNB) is expected to be characterized by further...

Drinks

Lázár warns Heineken to ‘let Csíki beer live’

Hungary’s Cabinet Chief János Lázár has warned Heineken not to squeeze Transylvanian craft beer Csíki out of the market, suggesting...

Sights

Hungarian rock star settles copyright suit with Kanye West

Hungarian musician Gábor Presser and U.S. rapper Kanye West have settled a copyright lawsuit, reaching agreement out of court over...

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...