Christian Keszthelyi

History

Orbán sends condolences to Merkel on truck ‘attack’ in Berlin

Hungary’s Prime Minister Viktor Orbán has sent a letter to German Chancellor Angela Merkel, expressing his shock and extending his...

In Hungary

MNB again warns about cryptocurrency risks

The National Bank of Hungary (MNB) is “once again” warning consumers that using virtual currencies, or so-called cryptocurrencies, has many...

City

ABB, E.ON sign agreement on e-charging stations

E.ON Hungary has commissioned ABB to provide fast chargers for electric vehicles at E.ON’s Hungarian charging stations for the next...

Hungary pumps more money into Olympic bid

As bidders withdraw from the race and Hungary is praised for its tender, the government will pump more money into...

Analysis

Hungarians aware of sharing economy, opinions vary

Slightly more than one third of Hungarian adult internet users have heard of the notion of the sharing economy, and...

EU

EC urges Hungary to comply with directives

The European Commission has formally requested that Hungary ensure correct implementation and application of directives related to energy and gas,...

Food

Hungary’s inflation sets 3Y record, still under expectations

Although Hungary’s inflation figure published today by the Central Statistical Office (KSH) has set a three-year record at 1.1%, it...

Issues

Ministry ‘outraged’ at U.S. comment on Syrian sentencing

Hungary’s Ministry of Foreign Affairs and Trade finds it “outrageous and unacceptable” that its U.S. counterpart comments on decisions made...

Banking

New billboard tax could hurt ad businesses

The Hungarian Advertising Association (MRSZ) believes a recently submitted bill on raising taxes on billboard advertising could significantly raise costs...

History

Hungarian govʼt quits pro-transparency organization

Hungary is exiting the Open Government Partnership (OGP), a multilateral pro-transparency initiative, Prime Minister Viktor Orbán writes in a government...

Telco

Gov’t commissioner buys weekly Figyelő

Historian and government commissioner Mária Schmidt has purchased Hungarian independent weekly Figyelő, the official said in an interview with news...

Visits

Trump adviser: Orbán aims to ‘make Hungary great again’

Hungary’s Prime Minister Viktor Orbán is trying to “make Hungary great again,” U.S. President-elect Donald Trump’s foreign policy advisor Jeffrey...

Visits

Orbán praises Trump and his policies again

Hungarian Prime Minister Viktor Orbán once again praised U.S. President-elect Donald J. Trump, describing his recent victory as “the triumph...

History

Strike could leave hundreds of thousands waterless

Hundreds of thousands of Hungarians could be left without water if workers in the water utility sector go on strike,...

Retail

Online retailers prepare for hike in holiday sales

Sales turnover at online retailers is expected to see an 18% rise on average in the last quarter of the...

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...