Christian Keszthelyi

In Hungary

OTP Bank fixes disruption in online payment system

Hungarian OTP Bank’s slowdown of its online payment system between 8am and 9am this morning was due to technical issues,...

History

Report: Tax chief could be dismissed by summer

The head of Hungary’s National Tax and Customs Authority (NAV) Ildikó Vida, who earlier admitted she was one of the...

Incubators

Interview: Supporting the children who need it most

The following is from the April 24-May 7 print edition of the BBJ:...

Sights

Velence, Balaton regions lobby against Sunday closures

After municipalities in the Balaton region asked that during summer holidays the government lift restrictions prohibiting retailers from opening on...

Conferences

Mercedes wins Randstad Award 2015

Mercedes finished first in Randstad’s list of most attractive workplaces in Hungary in 2015, overtaking Audi, which received the Randstad...

Initiatives

3,000 sign in for Sunday demo on changes to higher education

More than 3,000 people had signed up by today for a demonstration scheduled for 4 pm Sunday against proposed and...

Visits

PM: ‘EU borders must be protected’

The borders of the European Union must be protected from immigrants and the Hungarian government will soon launch a national...

Food

KSH: Hungary’s retail sales climb 6.4%

Retail sales in Hungary saw a year-on-year rise of 6.4% in February, according to both calendar year-adjusted and unadjusted data,...

Int'l Relations

Szijjártó: ʼGoodʼ T-TIP could create 20,000-30,000 jobs

According to Hungary’s foreign minister Péter Szijjártó, a “good” free trade agreement between the European Union and the United States...

EU

Room seen for HUF 120 bln in 2016 tax cuts

Árpád Kovács, the head of the Fiscal Council, told state-owned news channel M1 this morning that he expects the 2016...

EU

Poultry farmers criticize unfair tax cut

Hungaryʼs Poultry Products Council called for equal treatment in a statement today following the Hungarian government’s approval of a reduction...

Initiatives

University students protest to save courses

Students of the Faculty for Social Sciences at ELTE, Hungaryʼs largest and best-rated university, gathered for a demonstration yesterday in...

Party Popularity

Median: Fidesz popularity melting fast

The number of supporters of the ruling Fidesz party fell by 3 percentage points in March to 24% from February’s...

Museums

Study: Hungarian passport 26th most powerful

Hungarian passports were ranked 26th out of the 51 countries surveyed based on the number of countries an individual with...

Retail

Tesco Hungary sales drop 8.3%

U.K.-based retail chain Tesco booked revenue of HUF 569.6 bln, excluding VAT, in its Hungarian units in the fiscal year...

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...