Christian Keszthelyi

Competition

Five Hungarian medicine firms fined by competition authority

Five Hungarian medicine traders were fined an accumulated HUF 270 million by the Hungarian Competition Authority (GVH) on charges of...

Conferences

Varga: Labor shortage a serious issue

Labor shortages have been such a serious issue in Hungary that the country recently lost a possible automotive investment as...

Hotels

Novotel hotels for sale in Szeged, Székesfehérvár

Christie & Co has been exclusively instructed to sell two AccorHotels-operated hotels in Hungary: Novotel Szeged and Novotel Székesfehérvár, a...

Telco

Car tire production up 8.5% in H1

Production of summer tires for personal vehicles saw an 8.5% growth in Hungary in the first half of the year...

Visits

Foreign Minister Szijjártó praises U.S., U.K. ambassadors

Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó said Hungary has excellent relations with the U.K. and U.S. ambassadors...

Interview

Minister says he got lost in Brussels, feared for his life

Hungarian Foreign Minister Péter Szijjártó described being lost in a Brussels neighborhood that so intimidated him he felt the need...

History

Hungarian forint turns 70

Hungarian citizens have used the forint as their currency for the past 70 years, after its reintroduction on August 1,...

Sustainability

Analyst: Government incentives boost home construction

The increase in the number of newly built homes and permits for dwelling construction announced today was fueled in part...

Automotive

Mercedes-Benz to spend €1 bln on second Hungarian plant

The Hungarian subsidiary of Mercedes-Benz is planning to invest €1 billion to build a second plant next to its existing...

Analysis

MNB expected to keep base rate intact for the year

The National Bank of Hungary (MNB) is expected to keep its base rate intact for the rest of the year,...

Visits

Orbán: Trump’s migration policies good for Europe, Hungary

While insisting that the U.S. elections are the “business of the Americans” and has no intention of seeking to influence...

Museums

WWII bomb defused in Budapest’s Infopark

Bomb disposal experts of the Hungarian Defence Forces defused a World War II bomb in Budapest’s Infopark last night, which...

Competition

New companies target Budapest’s Uber gap

Just a few days after U.S.-based ride-sharing company Uber pulled out of Budapest due to stricter regulations, new companies are...

Initiatives

Critics cry foul over sightseeing bus tender

A municipal council tender to run a hop-on hop-off Budapest sightseeing bus service has been attacked by critics, who argue...

Visits

Hungarian PM Orbán endorses Trump

Hungary’s Prime Minister Viktor Orbán said today that it would be “best for Europe and Hungary” if Donald Trump wins...

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...