Christian Keszthelyi

Visits

Visiting British PM says he agrees with Orbán on refugees

After their meeting in Budapest today, British Prime Minister David Cameron said he agrees with Hungary’s Prime Minister Viktor Orbán...

EU

Big Mac Index: Hungarian forint 37.6% weaker than U.S. dollar

The value of the Hungarian forint is 37.6% lower than the value of the American dollar, as such Hungary is...

Initiatives

Teachers say education is in danger in open letter

The teachers of Herman Ottó secondary school, in the city of Miskolc, northeastern Hungary, have called for help in an...

History

Hungarian swimmer tears up contract, plans to train solo

After failing to reach an agreement with the Hungarian Swimming Federation, Hungarian competitive swimmer Katinka Hosszú today tore up her...

History

Ministry: Government prioritizes stronger health care

The Hungarian government is planning changes to health care legislation as it considers it the “governmentʼs priority” to “strengthen” Hungarian health...

Tourism

KSH: Jobless rate drops to 6.2% in Sept-Nov

Hungary’s official unemployment rate dropped by 1% year-on-year, decreasing by approximately 37,000 to 284,000 workers, in the period of September-November,...

In Hungary

Force, and ticket sales strong in new Star Wars movie

As it has done worldwide, the latest episode in the Star Wars franchise, entitled “The Force Awakens”, broke several box office...

Analysis

Analyst: Fed’s rate hike has little impact on Hungary

The U.S. Federal Reserve’s decision to raise interest rates yesterday will have little impact on Hungary, as this is one of...

Awards

MT pulls pop starʼs backing after his comments on women

Magyar Telekom canceled its contract with well-known Hungarian singer Ákos, following the artistʼs remarks on a womanʼs role in society,...

Transport

Wizz Air opens base in Debrecen

Hungarian low-cost airline Wizz Air has opened its second base in Hungary in the city of Debrecen, with the initial...

EU

EC launches infringement procedure against Hungary

The European Commission has opened an infringement procedure regarding recently adopted Hungarian asylum legislation, as the EC has found the...

History

Lázár: ‘We are not America’

Hungary is not going to negatively or positively discriminate for or against U.S. companies, and will not offer an advantage...

Initiatives

U.S. to adopt limitations on Hungary’s visa-free travel

Under a law approved by the government of the United States of America, the visa-free travel of Hungarian citizens to...

Visits

Orbán makes cover of The Economist, beside Trump, Le Pen

Hungary’s Prime Minister Viktor Orbán is portrayed on the cover of the latest issue of The Economist weekly, next to...

Initiatives

Bell voices concerns over public procurement legislation

American companies do not want to compete against firms being led by the relatives of Hungarian political decision makers, U.S....

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...