Christian Keszthelyi

Czech leader bashes Hungarian decision, but empathizes

It is impossible to solve the issue of refugees with unilateral decisions, Czech Prime Minister Bohuslav Sobotka said late yesterday...

Crops

Austria urges Hungary to scrap suspension of Dublin III Regulation

Following the Hungarian governmentʼs announcement late yesterday that it unilaterally suspended the Dublin III Regulation, Austria urged Hungary to scrap...

EU

EC reacts to report that Hungary will halt asylum process

Hungary’s unilateral refusal to process asylum seekers, which was announced late yesterday, may go against EU laws and could have...

Analysis

MNB continues easing, cutting base rate to 1.5%

Though some analysts previously expected the Monetary Council of the National Bank of Hungary (MNB), to stop its easing cycle...

Issues

Lázár cites anti-Hungarian activity in neighbouring countries

Attempts by parties and political forces in Croatia to discredit Hungaryʼs business elite were “unprecedented” and their aim is to drag the entire...

Initiatives

Opposition party launches anti-corruption foundation

Igazmondó Alapítvány, translated as Truth-tellerʼs Foundation, has been registered to legally begin operations in the fight against corruption, Péter Juhász,...

Banking

PM: Hungary is a ‘workfare society’

Hungary  “is not a welfare society” but “it is a labor-based workfare society”, Hungary’s Prime Minister Viktor Orbán said on Friday at a...

Telco

Parliament scheduled to vote on 2016 budget bill next week

The Hungarian Parliament is scheduled to vote on the 2016 budget bill on June 23, after it approved an amendment...

Deals

Lázár: Hungary received no support for border protection

Although Cabinet Chief János Lázár said yesterday at his regular weekly press conference that the fence on the Serbian border...

History

Hungary makes headlines worldwide with fence plan

With the planned erection of a 175 km-long and four-meter-high fence on the Serbian border to keep immigrants out of...

Pharma

HIPA attracts record number of investments

The Hungarian Investment and Promotion Agency (HIPA) announced in a press release today that they brought in a total of...

Awards

Report: Fence could be ineffective

Whether there is a fence on the Hungarian border or not, those who arrive to Hungary and say that they...

Tourism

Idea of Hungarian border fence shocks Serbian PM

Serbia’s Prime Minister Aleksandar Vucic (pictured) last night expressed shock at yesterday’s announcement that the Hungarian government is planning to...

History

Analysts question effectiveness Hungarian plans for fence on Serb border

Hungary’s ruling Fidesz party is planning to erect a 175 km-long, four-meter-high fence along the entire length of the Hungarian-Serbian...

History

Anti-immigrant fence planned on Serbian border

Some 26 years after Hungary played a key role in beginning to dismantle the Berlin Wall, it is planning 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...