Christian Keszthelyi

Visits

Trump victory a ‘return to reality,’ says Orbán

While anti-Trump U.S. voters flocked the streets of the nationʼs biggest cities, in some cases even setting them alight in...

History

Strike looms over Hungary’s Mercedes factory

Hungary’s Kecskemét-based Mercedes-Benz factory could be shaken by a strike, according to reports, as the Metalworkers’ Trade Union (Vasas) continues...

EU

Hungary could adopt euro by 2031, says MNB governor

The earliest Hungary could adopt the euro as its currency may be no sooner than in 15 years, meaning 2031,...

Transport

Wizz Air revenues up 10.1% in H1, with record profits

Hungarian low-cost airline Wizz Air saw its total revenues increase by 10.1% to EUR 921.2 million in the first half...

Visits

Hungaryʼs government congratulates Donald Trump

Early this morning Hungary’s Prime Minister Viktor Orbán and several senior ministers issued statements congratulating President-elect Donald Trump, who will...

Former Népszabadság journalists eye new paper

The former editor-in-chief of Népszabadság, the biggest left-leaning newspaper abruptly closed down by its publisher in early October, has been...

Food

October 1% inflation a 3-year record

Hungary’s October inflation figure of 1%, announced this morning by the Central Statistical Office (KSH), was higher than the market...

Elections

Hungarian Parliament rejects amendment on quotas

The Hungarian Parliament today voted against a draft amendment to the Fundamental Law (constitution), submitted by Prime Minister Viktor Orbán,...

Ratings

Moody’s elevates Hungary from junk to investment grade

Hungary’s long-term issuer and senior unsecured government bond ratings have been upgraded by one notch to Baa3 from Ba1 by...

Ratings

Moody’s decision on Hungary anticipated eagerly

This eveningʼs rating decision by credit rating agency Moody’s is being closely watched in Hungary, and by investors with an...

Banking

EC finds Hungary’s ad tax breaches EU rules

The European Commission has found that the progressive nature of Hungary’s advertisement tax rates grant a selective advantage to certain...

Telco

Budapest-Belgrade rail link may cost HUF 700 bln, reports say

The total cost of an upgraded Budapest-Belgrade railway link could reach up to HUF 700 billion, according to calculations by...

Awards

Népszabadság publisher violated Labor Code, court rules

Mediaworks, the former publisher of Népszabadság, the leading left-leaning daily newspaper abruptly shut down on October 8, violated the Hungarian...

History

Hungarians care only moderately for sustainability, says survey

The Hungarian population seems to show only moderate interest in sustainable development and its social sensitivity is also low. However,...

Visits

British PM could meet Hungary’s Orbán next week

U.K. Prime Minister Theresa May will reportedly meet her Hungarian counterpart Viktor Orbán in London next week after returning from...

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...