Christian Keszthelyi

Competition

Uber: Blocking new technology is ‘not good directionʼ

In a statement sent to the Budapest Business Journal today, ride-sharing service Uber said that preventing companies from doing business...

Retail

Hungarian e-commerce turnover grows further in 2015

The net turnover of Hungaryʼs online retail trade volume reached HUF 319 billion in 2015, reaching 4.1% of total retail...

Analysis

Report: Traffic, staff numbers rise in retail since Sunday openings

Unofficial trends show that, since the mid-April repeal of legislation restricting retailers from opening on Sundays, traffic in stores and...

History

FHB investigations said to target publisher who leads bank

The editor of index.hu yesterday addressed the claims that the authorities are pursuing cases against FHB mortgage bank because the...

Competition

Hungarian Parliament passes law that could block Uber

The Hungarian Parliament today passed a law that allows authorities to temporarily block websites that run “illegal taxi services”. Under...

Automotive

BP mayor denies alleged switch-out of metro cars

Russia’s Metrowagonmash sent refurbished metro cars to Budapest and not new ones, Budapest Mayor István Tarlós said on Friday, in...

Ratings

Report: S&P upgrade of Hungary ‘unlikely’

Standard & Poorʼs ratings agency is likely to leave Hungaryʼs debt in “junk” territory, due to unpredictable economy policies and...

Recycling

Greenpeace insists its study on Paks is valid

Firing back at criticism from Hungaryʼs nuclear commissioner, Greenpeace yesterday defended its new study, which found that an upgrade at...

History

Lázár: Government backs Pécs council in Zsolnay issue

The Hungarian government “backs the efforts by the municipal council of Pécs”, which is the minority owner of porcelain maker...

Office Market

GTC plans to launch new investment in Budapest

Real estate developer GTC will, in the coming weeks, launch a 21,500 sqm office building investment, referred to as White...

History

Lázár: Government wants ‘healthy Hungary’

The Hungarian government is committed to a creating a healthy Hungary, so a “dramatic” pay raise is expected in the...

Conferences

Private equity investment picks up in Hungary, following CEE trends

Along with the CEE/SEE region experiencing a recovery in deal value and an upsurge in activity, as an increasing number...

Food

Analysts forecast negative CPI for coming months

After many were surprised by the 0.2% year-on-year drop in Hungary’s consumer price index, analysts are now saying that the...

Pharma

Survey: FDI creates 11,000 jobs in Hungary in 2015

The number of jobs created by foreign direct investment (FDI) in Hungary in 2015 more than doubled compared to the...

In Hungary

FHB shares drop 15% in a day

Following the announcement that FHB bank had received a fine and trade in its shares were temporarily suspended yesterday, the...

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...