Christian Keszthelyi

Sights

MFB cancels Zsolnay loan, liquidation can begin in 15 days

Hungarian state-owned Development Bank (MFB) canceled the HUF 413 million loan provided to porcelain maker Zsolnay Porcelánmanufaktúra, and if the...

Tourism

Analysis: Hungarian hotel revenues up 10% in Q1

Revenues of Hungarian hospitality facilities were up 10% in the first quarter compared to the same period a year earlier,...

Deals

Zsolnay could face liquidation, minority owner ready to take over

Not long after Zsolnayʼs majority owner Bachar Najari aired concerns of a “hostile takeover”, Hungarian state-owned Development Bank (MFB) has...

History

Lázár positive Paks talks in Brussels tomorrow

Hungary’s Cabinet Chief János Lázár says he is optimistic about achieving “significant” agreements in Brussels tomorrow in discussions with European...

History

Lázár: Orbán would repay scholarship in snub of Soros

In order to demonstrate his political distance from Hungarian-born billionaire George Soros, Hungary’s Prime Minister Viktor Orbán is ready to...

History

Lázár sees ‘war’ with EC over foreigners’ right to buy farms

The European Commission’s announcement today of an infringement procedure against Hungaryʼs law preventing foreigners from buying farmland will start a...

EU

EC launches infringement procedure over farmland law

The European Commission launched an infringement procedure against Hungary – along with Bulgaria, Latvia, Lithuania and Slovakia – formerly requesting...

Issues

EU court could scrap Rubik’s Cube trademark

The trademark for the shape of the Rubikʼs Cube, a Hungarian invention, should be abolished as it is essential to...

Int'l Relations

Szijjártó: Europeʼs competitiveness depends on Russia

Developing Europeʼs competitiveness is “hard to imagine” without pragmatically restructuring cooperation between the European Union and Russia, a collaboration that...

Banking

Analyst: Hungarian Parliament to weigh ‘Google tax’

Under next yearʼs budget plan, which is due for a vote in Parliament in the next few weeks, foreign digital...

Visits

Russian foreign minister: Hungary ‘important, reliable partner’

Hungary is an important and reliable partner for Russia, and bilateral relations offer serious potential, Russian Foreign Minister Sergey Lavrov...

Sights

Budapest Stock Exchange sees authority broadened by Parliament

The Hungarian Parliament yesterday voted to approve modifications to laws regulating the financial intermediary system, as well as broadening the...

Ratings

Nomura: Fitch upgrade of Hungary a ‘distraction’

The upgrade of Hungary by Fitch late Friday is a “distraction from the underlying narrative of a much weaker underlying...

Proposed law would regulate Hungaryʼs Olympic bid

The Hungarian government would pass a law governing the effort to bring the 2024 Olympic Games to Budapest, under a...

History

Fidesz MP: Journalists should not ask too many questions

Gergely Gulyás, deputy faction leader of governing Fidesz party, said that journalists who strayed from the topic of his press...

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...