Christian Keszthelyi

Deals

Budapest sees huge labor shortage of cleaners

Labor shortage of cleaners is becoming a bigger issue in Budapest, while many cleaners earn HUF 80,000-100,000 on average monthly...

Food

Multinational food retailers to face strict regulations in Hungary?

A bill is thought likely to be submitted to Hungary’s Parliament soon that could introduce strict new regulations and taxes...

Conferences

Hungary’s tight fiscal but loose monetary policy creates ‘difficult narrative’, Nomura says

Hungary is expected to remain a “difficult narrative with relatively tight fiscal but very loose monetary policy, yet that loose...

Conferences

Hungary to host 2nd think.BDPST on March 29-31

Hungary is hosting regional innovation conference think.BDPST — on March 29-31 — for the second time in the Antall József...

Sustainability

Hungarian hotel investments drop in 2016, will speed up in 2017

The Hungarian hospitality market saw EUR 27.5 million of hotel investments in 2016, a spectacular drop from 2015’s EUR 76...

Crops

Kovács: second fence to be electrified with ‘safe current’

The second “smart” fence Hungary is building behind its original barrier on the Serbian border to stem the flow of migrants...

Social

Hungary joins Earth Hour again this year

Hungary is joining the Earth Hour initiative this year once again, when the World Wide Fund for Nature (WWF) encourages...

Visits

V4 countries adopt statement supporting national sovereignty

The Visegrad Four countries — Hungary, Czech Republic, Poland and Slovakia — adopted a statement during their summit in Warsaw...

History

NASA ‘lies day and night’, says Hungarian rock star

Hungarian rock star Attila Pataky, who claims to have been abducted by aliens, said that the U.S. National Aeronautics and...

Pharma

Was Nyíregyháza mayor ‘bluffing’ about Legoland?

Hungarian media is calling Nyíregyháza Mayor Ferenc Kovács’s announcement that a Legoland Discovery Center is to be built in the...

Visits

Orbán expects 5% GDP growth after 2020

Hungary’s economic growth is seen to reach an annual 3%-5% in the coming years, and the rate “should climb over...

History

‘Space center,’ glass bridge planned in northeast

The Hungarian government has decided to build a “space center” in Gyulaháza, northeast Hungary, birthplace of the countryʼs only astronaut...

Incubators

Hungarian Souldrops enters washing detergent market

Hungarian startup Souldrops has recently entered the Hungarian washing detergent market, offering a wide range of environmentally friendly products, the...

Analysis

Hungary’s ‘Sing’ grabs Oscar for Best Short Film

“Sing” (Hungarian title “Mindenki”), written and directed by Kristóf Deák, received the 2016 Oscar for Best Live Action Short Film...

Visits

President Trump sends letter to Orbán

U.S. President Donald J. Trump has sent a letter to Hungary’s Prime Minister Viktor Orbán, thanking the Hungarian leader for...

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...