Christian Keszthelyi

Competition

Hungary ranks 33rd on Global Innovation Index

Cornell University, INSEAD and the World Intellectual Property Organization (WIPO) have ranked Hungary 33rd out of 128 countries in the...

Retail

Plain cigarette packs to hit shelves Saturday

A regulation requiring cigarettes to be sold in uniform plain packaging comes into effect this Saturday. However, brands already on...

Transport

Wizz Air carries 30 mln on U.K. routes

Hungarian low-fare airline Wizz Air is today celebrating carrying 30 million passengers on its U.K. routes by offering a 20%...

Interview

Government to cut VAT on internet services, despite EU request to wait

The Hungarian government is planning to lower the VAT rate on internet services from January, despite an EU commissionerʼs request...

Analysis

Experts now see GDP growth of around 2% for this year

Analysts expect a growth figure of slightly above 2% by the end of this year, based on preliminary data of...

Food

Firm formerly set to take over Zsolnay goes on sale

Ledina Kerámia, a company the municipal council of Pécs established to take over the operations of Hungarian porcelain maker Zsolnay...

Competition

Zsolnay liquidation spared, war seen to end

A court in Zalaegerszeg has terminated a liquidation procedure brought against Hungarian porcelain maker Zsolnay, a decision which may yet...

Construction

Analysts say construction turnaround comes next year

Today’s news that construction activity was down 25.3% in the first half of the year was expected, and a turnaround...

History

Uber wants back in Hungary, complains to EC

U.S.-based ride-sharing company Uber wants to return to Hungary and yesterday filed a complaint with the European Commission, the Associated...

Sustainability

CBRE: H1 property investment exceeds 2015 total

As in most countries in the CEE region, real estate investment volume in Hungary in the first half of this...

Deals

Randstad Holding buys peer for $429 mln

Randstad Holding, the HR services provider present in 39 countries, is acquiring online recruitment network Monster Worldwide Inc. for $429...

Sights

Retail floorspace boost in Hungary, Poland, Czech Republic

Retail park floorspace in the CEE region totaled 3.7 million square meters as of January 1, with Poland, the Czech...

Figures

CIB economists not surprised by CPI drop in July

Hungary’s Consumer Price Index (CPI) has been continuously in negative territory in the past few months, and the 0.3% drop...

Conferences

Audi slowdown could put brakes on economy

In light of Hungaryʼs heavy dependence on the automotive sector, a planned slowdown by the local subsidiary of German car...

Awards

MOM Park Offices reach 96% occupancy

MOM Park Offices currently has a 96% occupancy rate and could be let 100% if current negotiations end with closure...

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...