Christian Keszthelyi

Telco

Government modifies farmland auction regulations

Following the recent launch of farmland auctions, the Hungarian government modified a regulation for a preferential credit line from the Hungarian...

Food

Tesco helps collect 153 tons of food for the poor

The Hungarian unit of Tesco helped collect 153 tons of food for the poor, worth approximately HUF 65 million, through...

Analysis

Hungarian trucker makes video of running migrants off road, is reported to police

A Hungarian truck driver, who gained media attention for his video in which he scared refugees off the highway with...

Visits

Hungarian Police to increase random checks

Hungarian Police have been ordered to increase controls of pedestrians and drivers for the next two months, in a regime...

Transport

First Emirates Boeing 777 lands in Budapest

The first Boeing 777 of Dubai-based Emirates airline arrived at Hungary’s Liszt Ferenc International Airport today, to replace as of...

Visits

Orbán: New era in Hungary-Iran relations

Hungary’s Prime Minister Viktor Orbán and Iranʼs first vice president Eshaq Jahangiri yesterday met in Tehran, Iran, and signed several...

Visits

Erste CEO: Hungary, EBRD to acquire Erste stake in 2-3 months

The Hungarian government and the European Bank for Reconstruction and Development (EBRD) could jointly acquire a 15% stake in the...

Deals

Bourse to have new board following MNB takeover

Days after the Hungarian National Bank (MNB) purchased the Budapest Stock Exchange (BSE) and put its deputy governor in charge,...

In Hungary

Report: Healthcare workers receive no pay

Tens of thousands of healthcare workers have yet to receive their pay from previous months, a delay that has chiefly...

Deals

Politics cited as Metropol faces ejection from Metro

The free daily newspaper Metropol, which is handed out in Budapest Metro stations, could lose the contract allowing this distribution...

Tourism

KSH: Hungary’s jobless rate down to 6.4% in Aug-Oct

The unemployment rate in Hungary was down 0.7 percentage points to 6.4% in the period of August - October compared...

EU

Brussels green-lights initiative to halt Hungaryʼs EP vote

Brussels has given the green light to an initiative by the European Humanist Federation (EHF), a civil-society association, to seek...

Awards

Lázár proposes doubling credit for farmland buyers

As local farmers showed “strong” interest in the auctions of state-owned farmland, and almost the entire HUF 150 bln preferential...

Analysis

MagNet Bank opens extraordinary unit for community banking

Hungarian MagNet Bank opened its first extraordinary “community bank” on November 9 in Budapestʼs District V, designed to resemble a...

Telco

Magyar Telekom becomes carbon free

Magyar Telekom Csoport, with the help of its subsidiaries Makedonski Telekom and Crnogorski Telekom, has become entirely carbon free, and...

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...