Christian Keszthelyi

Telco

MOL drops vehicle gas prices by HUF 9 per liter

Hungarian oil and gas company MOL dropped the price of 95 octane vehicle gas by HUF 9 per liter, to...

MNB

Nomura: MNB will keep loosening ‘underlying monetary conditions’

Following the National Bank of Hungary’s (MNB) base rate cut of 15 bp down to 1.35% yesterday, analysts at Nomura...

Automotive

Siemens, BME wind up HUF 281 mln R&D project

The local unit of German engineering giant Siemens and the Budapest University of Technology and Economics wound up a joint...

Competition

MasterCard introduces MasterPass™ in Hungary

MasterCard’s global digital payment platform entitled MasterPass™ is now available in  Hungary as part of the development of OTP Bankʼs...

MNB

Equilor expects easing cycle to end

The further base rate cut by the Monetary Policy Council of the National Bank of Hungary (MNB), which eased an...

Deals

Microsoft Hungary undergoes changes in management

As of July 1, on the occasion of the start of a new fiscal year, Microsoft Hungary’s management has gone...

Issues

Varga: U.S. ban did not trigger Vida’s resignation

Hungary’s National Economy Minister Mihály Varga said yesterday that the fact that Vida Ildikó, the head of the National Tax...

Visits

EU probes for fraud at firm once owned by PM’s son-in-law

The European Commission’s Anti-Fraud Investigation Office (OLAF) reportedly launched a probe of public lighting contracts obtained by Elios Zrt., the firm formerly...

Initiatives

Report: Government quietly changing tax chief

Ildikó Vida, the leader of Hungary’s National Tax and Customs Authority, quietly handed in her resignation approximately two months ago...

Budapest court finds billboard defacers innocent

The Central Court of Pest County called off the proceedings in the case of two young individuals who defaced an...

History

Report: Közgép banned from public procurement tenders

The Hungarian Public Procurement Board prohibited Lajos Simicskaʼs construction firm Közgép from participating in public tenders for the next three years after it found...

Competition

Report: FOI request would cost HUF 7.7 mln

Róbert Benedek Sallai, a politician from the Green Party (LMP), requested information from the National Land Fund about farmland tenders...

Food

Netpincér offers 50% discount on home delivery app

In an attempt to encourage food orders placed for home delivery through mobile applications, Hungaryʼs Netpincér application is offering a...

Awards

Skinest Rail submits complaint to European Commission over Budapest M3 Metro tender

Skinest Rail submitted a formal complaint to the European Commission over the public procurement procedure begun by Budapesti Közlekedési Zártkörűen...

Retail

SportsDirect opens in Campona Shopping Center

British international sporting goods chain Sportsdirect.com opened its new store in Hungary on July 11 – the eighth in the...

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...