Christian Keszthelyi

Retail

Most Hungarian retailers to open on Sundays as of May 8

After the Hungarian government scrapped the Sunday closings law that prevented retailers from opening on Sundays, the majority of retailers...

Initiatives

Official says Hungary will raise education spending in 2017

The Hungarian government is considering raising spending for higher education to approximately HUF 240 billion in the 2017 budget from...

History

Lázár on U.S. human rights report: Hungarians donʼt want non-Hungarians living here

Hungary’s Cabinet Chief János Lázár yesterday dismissed United States Department of State report on ailing human rights in Hungary, saying...

Government

Szijjártó: Freedom House criticism of Hungary is ‘nonsense’

A Freedom House report saying that democracy in Hungary is deteriorating is “nonsense”, Hungary’s Minister of Foreign Affairs and Trade...

Hotels

Ritz-Carlton opens five-star Budapest hotel

The five-star Ritz-Cartlon Budapest, the luxury chainʼs first hotel in Hungary, was officially opened this morning by hotel Director Marcus...

Banking

Report: Hungary eyes new tax on rental market

The Hungarian government is expected to submit a proposal that would levy a flat-rate tax on the rental market –...

In Hungary

Government plans to lower amount of cash held by Hungarians

The amount of cash held by Hungarians has doubled in the past five years, and as a result, the Hungarian...

Government proposes revoking Sunday closing law

The Hungarian government submitted a proposal today to abolish the Sunday closings law –legislation passed last year that requires retailers...

Visits

Orbán assumes Hungarian politicians not involved in Panama Papers scandal

Hungarian politicians are not likely involved in the Panama Papers offshore scandal, Hungary’s Prime Minister Viktor Orbán said, according to...

History

Lázár: Hungary would pay EC a fine to free up HUF 500 bln

Hungary might agree to pay a fine to the EC for improper tendering of road work in order to free...

Government

Court: Socialists can seek referendum against Sunday closings

Socialist MP István Nyakó can start collecting signatures for a referendum to revoke the law requiring most retailers to close...

Issues

After court ruling MNB vows to provide data

After Hungary’s Constitutional Court on March 31 struck down legislation that would have allowed the foundations of the National Bank...

History

Dairy producers to march with cows across Chain Bridge today

Hungarian dairy producers will reportedly march across the Chain Bridge today accompanied by dairy cows to help raise awareness that...

Deals

Audi Hungary to raise pay, strike canceled

The Hungarian subsidiary of German car manufacturer Audi was able to come to an agreement with Audi Hungaria Independent Trade...

Analysis

Report: Government could ban encrypted messaging

Hungary’s Ministry of Interior is drafting an action plan to fight terrorism, under which those who use services on their...

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...