Christian Keszthelyi

Tourism

Number of new firms grows y-o-y in H1, ending negative trend

The number of companies established in Hungary grew by 5.9% to 13,338 in the first half of the year as...

History

Analyst: Orbán could act more strategic with cabinet restructuring

The Hungarian government’s planned restructuring of creating two separate cabinets might leave room for Prime Minister Viktor Orbán to concentrate...

EU

Lázár: The EU needs to be fixed

The U.K.ʼs June 23 Brexit vote is the fault of Brussels, and is an indication that there are serious problems...

Visits

Hungarian government eyes establishing two cabinets

The Hungarian government is planning to divide in to two distinct cabinets – one responsible for the country’s economy and...

Deals

Forint dips to 320 per euro on U.K. vote; analyst blames jitters

After U.K. voters chose to leave the European Union, the Hungarian forint dropped about 2.5% in value compared to yesterday...

History

Analyst: Orbán can reap political benefit from Brexit

Although the Brexit vote and U.K. Prime Minister David Cameron’s resignation might have short-term negative impacts for Hungarian Prime Minister...

Opposition fears referendum may trigger Hunxit

Hungarian opposition parties yesterday expressed concerns that the wrong result in Hungary’s October 2 referendum on the EC’s refugee quota...

Sights

Hungarian police raid camp to remove City Park protesters

Hundreds of Hungarian police officers raided the camp of activists who have been living in tents in Budapest’s Városliget (City...

Banking

EC: Hungary canʼt implement supermarket, tobacco taxes

Hungary’s proposed supermarket oversight fee and tobacco tax, both based on a progressive rate tied to turnover, are in breach...

Sights

Poll: Majority wants museums out of BP City Park

Some 81% of Budapest-dwellers said in a poll that they support the idea of renovating City Park (Városliget) but do...

Issues

Referendum against EC refugee quotas set for Oct. 2

The referendum planned by the Hungarian government to allow citizens to express opposition to the European Commission’s refugee quota will...

Deals

Waberer’s International pulled back from bourse at last minute

Hungarian road haulage company Waberer’s International had requested the delisting of its shares from the Budapest Stock Exchange (BSE) in...

Initiatives

Government agrees to help Budapest pay cost of buses

Apparently fulfilling the ultimatum of Budapest Mayor István Tarlós, the Hungarian government said it would cover the additional cost of...

Visits

Lázár blasts ‘brand of democracy practiced in Brussels’

The European Union’s current policies lead to the Brexit and the crisis in the union, and the “the brand of...

Pharma

Gedeon Richter acquires Swiss peer Finox Holding

Hungarian drugmaker Gedeon Richter is acquiring Swiss biotech company Finox Holding for a purchase price of CHF 190 million, Richter...

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...