Christian Keszthelyi

Awards

DTZ Hungary welcomes new colleague

Gáspár Kubinyi was appointed Senior Surveyor of the Valuation department at DTZ Hungary, the international real estate advisor reported today...

Pharma

Danone halts production in Hungary

The Hungarian unit of multinational dairy producer Danone stopped its production in Hungary in June, causing the layoff of 139...

Competition

WikiLeaks: Magyar Telekom tried to buy spyware

Magyar Telekom, the Hungarian subsidiary of German telco giant Deutsche Telekom, apparently made an attempt to buy spyware from the...

Awards

Data feared stolen in hacking of secret service spyware

The Hungarian secret service was forced to stop using their Hacking Team spy software, which they had employed to monitor...

Tourism

KSH: Guest nights up 3.8%

Guest nights at commercial accommodations in Hungary saw a year-on-year rise of 3.8%, reaching 2,247,000, with guest nights spent by...

Retail

Kovács: Sunday closures law needs to be scrutinized if issues exist

If there is “indeed” a loophole in the Sunday closures law, the legislation needs to be investigated and the law...

History

Hungarian government allocates HUF 600 mln for ‘info’ campaign

The Hungarian government is planning to launch an "information" campaign, which is intended "to make it clear that Hungarian reforms...

Analysis

Hungarian news portal wins trial against MTVA again

Hungarian news portal index.hu won their second court decision against Media Service Support and Asset Management Fund (MTVA), after MTVA...

Competition

Effects of Microsoft downsizing still unknown in Hungary

It is not yet known how Microsoftʼs recently announced global restructuring and downsizing of approximately 7,800 positions will affect the...

Retail

Lidl will not take advantage of Sunday closure loophole

The Hungarian unit of German retailer Lidl made a strategic decision not to declare any of its stores as traditional...

Analysis

join.me raises LogMeIn revenue by 31%

Hungarian startup LogMeIn saw its revenue jump by 31% in the first quarter of this year thanks to its join.me...

Awards

NNG’s new center could employ 200

Hungarian-owned NNG, the developer of world-renowned navigation software iGo, today inaugurated its second center in Hungary, in Szeged, and expects...

Awards

PwC: Hungary underperforms on Golden Age Index

Hungary, along with Greece, Poland and Slovakia, performed well below average in making use of older workers, considering how important...

Issues

Serbian fence could cost HUF 6.6 bln

The Hungarian government reallocated HUF 6.6 bln from this yearʼs budget for the erection of a fence along the Hungarian-Serbian...

City

Budapest Airport receives ‘highly recommended’ award

Budapest’s Liszt Ferenc Airport was once again given the “highly recommended” award at ACI Europeʼs (Airports Council International) annual conference...

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...