Christian Keszthelyi

Industrial

Budapest office market take-up rises, vacancy rate falls

The take-up on Budapestʼs office space market rose by a year-on-year 17%, reaching 117,040 sqm in the fourth quarter of...

Office Market

Report: Renting office space in Budapest is difficult

It is difficult to rent an office space over 1,000 sqm in the Pest area of Budapest, as only three...

Crops

Lázár: Hungarian government ready to close Croatian border

The “security border closure” on the Croatian-Hungarian border has been completed and the Hungarian government and local authorities are ready...

Lázár: Budapest could be separated from Pest county

The Hungarian government is planning to separate the capital Budapest from Pest county, as the county ranks above the EU...

Visits

Orbán: Decision on closing Croatian border could be made today

The decision to close the Croatian-Hungarian border could be made early this afternoon, after the planned meeting of the national...

Pharma

TGM facilities reach record visitor numbers

Cultural and entertainment facilities in Hungary managed by TriGranit Management Corporation (TGM) reached record visitor numbers in 2014, the company...

Sights

Report: Capital sees record in industrial space gross occupier activity

Budapest’s industrial market last year registered the highest gross occupier activity to date amounting to 386,625 sqm last year –...

Office Market

CEU Budapestʼs new campus earns BREEAM certification

Central European Universityʼs new campus design in Budapest was granted “Very Good” status by BREEAM officials, making it the second...

Deals

Budapest office market expected to rise

Rents on the Budapest office market are expected to rise, with the continued recovery being driven by sound economic, demand...

Tourism

KÖKI Terminál’s ‘city oasis’ welcomes tens of thousands of visitors

The artificial ‘city oasis’ on the top of mall KÖKI Terminál has attracted tens of thousands of visitors since opening...

Hotels

InterContinental Budapest receives World Travel Awards™

Hungary’s InterContinental Budapest has been awarded the World Travel Awards™ prize, an accolade voted for by travel and tourism professionals...

History

Simicskaʼs partner claims he bought TV2 before Vajna could

Todayʼs announcement that TV2 was sold to Film Commissioner Andrew G. Vajna is inaccurate because the company that owns the...

Deals

Report: TV2 announces sale to Vajna

Media Group Holdings Kft., the current owner of Hungarian commercial channel TV2, and Magyar Broadcasting Co. Kft., owned by Andrew...

History

Slovakia votes to help defend Hungaryʼs southern borders

Slovakia yesterday voted in its parliament to send 50 police officers to neighboring Hungary to help control the number of...

Issues

Hernádi meets OMV executive in Vienna, despite Interpol warrant

Zsolt Hernádi, chairman-CEO of Hungary’s oil and gas company MOL, yesterday met with Rainer Seele, CEO of Austrian peer OMV,...

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...