Christian Keszthelyi

Pharma

Spar Magyarország opens HUF 317 mln unit in Budapest

Retailer Spar Magyarország yesterday opened a HUF 317 mln unit on Vaci út 34 in Budapest, with a total area...

Competition

Survey finds bribery still a problem here

The following article is from the May 22 - June 4 print edition of the Budapest Business Journal....

Analysis

Codie named most promising startup

Hungarian startup Codie was named the most promising startup at this yearʼs Hungarian Innovation TechShow (HITS), the event organizers told...

Tourism

Iberia to launch Madrid-Budapest flight

Spanish airline Iberia will launch its daily Madrid-Budapest flight on June 2, scheduled to operate everyday except Saturday on the...

Food

KSH: Retail sales up 6.5% in March

Retail sales in Hungary saw a year-on-year increase of 6.5% in March, with retail sales reaching HUF 724 bln during...

Telco

Report: Retail sales unchanged following Sunday closures

Despite the introduction of a Sunday closure law, a measure which came into effect on March 15 to prohibit retailers...

Analysis

MNB continues easing, cuts 15 bp

The rate-setting Monetary Council of the National Bank of Hungary (MNB) decided at a policy meeting today to cut the...

Visits

Orbán has no plans to become President

Hungary’s Prime Minister Viktor Orbán plans to run again for PM in the upcoming parliamentary elections in 2018, Orbán said...

Competition

Family bankruptcy bill could help 25,000 families

A bill submitted to Parliament by Hungary’s Christian Democrat Party (KDNP) – in coalition with the ruling Fidesz party –...

Visits

Helsinki Committee names Fidesz in defamation suit

The Hungarian Helsinki Committee is turning to court over a public announcement by Fidesz entitled “Helsinki Committee should stop lying...

Social

Startup founder on innovation festival

The following article is from the May 22 - June 4 edition of the Budapest Business Journal....

Deals

Tax office probe: Uber drivers operate illegally

Hungary’s National Tax and Customs Authority (NAV) finished the scrutiny of Hungarian drivers working with the San Francisco-based ride-sharing service...

Social

Brain Bar brings big minds to Budapest

The following article is from the April 24 – May 07 edition of the Budapest Business Journal....

Visits

Juncker calls Orbán ‘dictatorʼ, slaps him

In a video posted on the internet, Jean-Claude Juncker, President of the European Commission and former Prime Minister of Luxembourg,...

MNB: 90% of banks commit to increased lending

Roughly 90% of banks in Hungary said they are willing to increase their lending activity, chiefly among SMEs, in response...

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...