Christian Keszthelyi

Issues

Constitutional Court blocks law to hide central bank spending

Hungary’s Constitutional Court today struck down legislation that would have allowed the Hungarian National Bank (MNB) to spend public money...

History

Hungarian teachersʼ union could call day-long strike

If the official teachers union (PSZ) cannot reach agreement with the Hungarian government at their negotiations scheduled for Monday, they...

Office Market

HB Reavis sells Váci Corner to Zeus Capital Management

An investor group represented by Zeus Capital Management purchased the Váci Corner Offices, a premium category office building, from HB...

Issues

Supreme Court: MNB must release data on foundation

Hungary’s Supreme Court ruled today that the National Bank of Hungary (MNB) must release data on all tenders managed by...

Initiatives

Research: Netflix could reshuffle Hungarian TV market

The U.S.-based, on-demand TV service Netflix, which launched operations in Hungary in January, could reshuffle the Hungarian market of conventional...

Initiatives

Hundreds of schools join 1-hour teacher strike

Hundreds of schools today joined a one-hour strike, in which teachers stood outside of schools instead of running classes between...

Elections

Anti-terror law could allow government to monitor calls, bank accounts

Authorities would be allowed to monitor the calls and bank accounts of people suspected of terror activities, under a new...

Ecosystem

Survey: Innovation, R&D could boost Hungary’s economy

Innovation and research and development activities are crucial to the economic development of Hungary and the region and could boost...

Government

Report: Government could scrap Sunday closings law

The Hungarian government may be considering scrapping the year-old law that prevents retailers from opening on Sundays, as the Prime...

Retail

Russian embargo, cheap Polish apple hurts Hungarian growers

In addition to the milk and pork industry, Hungarian apple growers are also being negatively impacted by the Russian embargo...

Hotels

Easter holiday could boost traffic at Hungarian hotels

Hungarian hotels could be fully booked over the upcoming long Easter weekend as there is a growing tendency among Hungarian...

City

Budapest-Brussels flight lands safely; security increased

A plane arriving from Budapest landed safely in Brussels minutes before two explosions at Zavantem Airport this morning, and it...

Interview

Official: Government to scrap central education authority

The central authority that has been administering Hungarian schools since 2013 will be terminated and the education system will be...

Interview

Hungary’s central bank unexpectedly cuts base rate to 1.2%

The Monetary Policy Council of the National Bank of Hungary (MNB) surprised analysts today by announcing that it would cut...

City

Hungary issues second highest level of terror alert

The second highest level, Level Two, of a military terror alert has been issued in Hungary by Prime Minister Viktor...

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...