Christian Keszthelyi

Deals

Varga launches investigation of Uber

Hungary’s economy minister Mihály Varga today ordered the ministry and its institutions to launch an investigation in connection with the...

History

Kovács vows action on Guardian article

The Hungarian government will take “the necessary steps” against UK daily newspaper The Guardian for an article that made “untrue...

Visits

KDNP does not support ‘death penalty’

In line with Christian principles, Hungary’s Christian democrats KDNP, which is the coalition party of ruling Fidesz, rejected the idea...

Food

CEO: Raiffeisen closing 45 branches, cutting staff

Saying Austrian-owned Raiffeisen Bank is changing its strategy in Hungary to focus on corporate clients and electronic channels, Austrian CEO...

Ratings

Reuters: Fitch does not expect change to Hungaryʼs rating

International agency Fitch Ratings does not expect a change in Hungaryʼs sovereign rating in the short term, Fitch told international...

Visits

EP initiates phone call over ‘death penalty’

Martin Schulz (pictured), the President of the European Parliament, initiated a phone conversation with Hungary’s Prime Minister Viktor Orbán over...

History

Demo in front of MPʼs house approved

Péter Juhász, MP of opposition party Együtt (Together), got the green light from the Hungarian police for his proposed demonstration...

History

Rogán: Window foils can be removed

Tobacco shop owners are entitled to remove foils that prevent transparency on shop windows, as no regulation demanded them to...

Transport

Wizz Air launches cadet program

Hungarian low-cost airline Wizz Air signed an agreement with CTC Aviation and the Central European Flight Academy, under which the...

Food

KSH: Hungary’s jobless rate reaches 7.8% in Jan-March

The average unemployment rate among Hungarians between the ages of 15 and 74 dropped to 7.8% in January-March, from the...

Sights

Govʼt passes bill on national parkland management rights

The Hungarian government approved a bill today, with 110 voting in favor and 57 voting against, under which the management...

Interview

PM: Death penalty should be kept on agenda

A life sentence is not deterrent enough, as such, the death penalty needs to be kept on the agenda, Hungary’s...

History

Association calls for transparency of tobacco shop windows

Hungary’s National Trade Association (OKSZ) proposed that the law regulating retail sales of tobacco products be amended to allow the...

Report: Farming minister could be replaced

It is highly probable that the replacement of Sándor Fazekas, Hungary’s Minister of Agriculture, was on the agenda of the...

EU

Official: Govʼt to ensure VAT reduction on pork passed on to consumers

The Hungarian government has expressed its commitment to “do everything in its power” to see that the planned reduction in...

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...