Christian Keszthelyi

Elections

Fidesz MPs drop Jobbikʼs modified amendment

The Hungarian Parliament will not vote on far-right Jobbikʼs modified draft amendment to the Fundamental Law (constitution), originally submitted by...

Retail

Minimum wage hike may shutter 1,000s of small stores

While big retail stores are not thought likely to be hit by the Hungarian government’s planned rise in the minimum...

EU

EC refers Hungary to justice court over mobile payment service

The European Commission announced yesterday it was taking further steps against Hungary – along with Austria, Belgium, Cyprus, Denmark, Germany,...

Tourism

Bread prices likely to spike

With salaries needing to be raised in the industry in order to keep hold of workers, the price of bread...

History

Xenophobia skyrocketing in Hungary, surveys reveal

Since it has been assessed, xenophobia in Hungary has never been as high as it is today, Hungarian online news...

Sustainability

Home prices to keep rising in Hungary, says Otthon Centrum

Hungarian home prices have not been dropping lately and no such tendency is foreseen, while loans for home purchases could...

History

Hungarians see corruption worsening, TI survey says

Hungarians believe corruption in the country is getting worse and more than half believe the actions of the government against...

Telco

Hungarians set to spend HUF 1 trillion in December

Based on currently available retail data, Hungarians could spend a record of HUF 1 trillion in stores and malls in...

Weather

Car liability insurance rates grow as more people drive

Annual rates for vehicle liability insurance in Hungary are expected to rise 10-12% on average, reaching HUF 22,000-25,000, due to...

Hotels

Unified regulations in Hungary could hurt Airbnb

The Association of Hungarian Hotels is urging changes in the law so that owners of private condos offered for rent...

Analysis

GDP figures expected but ‘warrant cautious view,’ say analysts

Both the year-on-year and month-on-month GDP figures for Hungary in the third quarter, published today by the Central Statistical Office...

History

Lenovo and Flex open server plant in Hungary

In a strategic partnership with Flex, PC manufacturer Lenovo today opened a plant in Hungary’s Sárvár that will specialize in...

Interview

Hungary to revamp two banknotes

The National Bank of Hungary (MNB) will revamp its HUF 2,000 and HUF 5,000 banknotes, a continuation of a policy...

Visits

‘Reality has triumphed’, says Orbán about Trump victory

While Donald Trumpʼs victory has reportedly been followed by a wave of hate crime attacks against minorities across the U.S.,...

History

Mercedes Hungary commits to reaching wage deal

The management of Mercedes-Benz Hungary aims to reach an agreement with all workersʼ unions and representative organizations in connection with...

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...