Christian Keszthelyi

Pharma

Bosch inaugurates training center in Hungary

German engineering giant Bosch yesterday inaugurated a HUF 170 mln training center at its base in Hatvan, eastern Hungary, national...

History

Mavir buys €1.8 mln transformer from ABB

Hungarian transmission system operator Mavir yesterday said it had bought a €1.8 mln transformer from Switzerlandʼs ABB, and expects the...

Parliament approves bill on fund for Quaestor compenstion

The Hungarian parliament today approved a bill in an expedited procedure – 185 voting in favor and 5 voting against...

Retail

Microsoft offers free Office 365 subscription for a year

Microsoft Hungary is offering a free one-year subscription for all Office 365 services in addition to one terrabyte of cloud...

Tourism

Turkish Airlines launches Budapest – San Francisco flight

Turkish Airlines launched its Budapest-Istanbul-San Francisco flight yesterday, making it the airlinesʼ eleventh destination on the American continent, the carrier...

Bank association balks at Quaestor compensation

The Hungarian Banking Association today expressed concerns over a bill to establish a top-up fund, which would include a contribution...

Pharma

Hungary’s industrial output climbs 5.8% in February

Hungaryʼs industrial output saw a year-on-year rise of 5.8% in February, according to both unadjusted and workday-adjusted data, the Central...

Telco

Varga Cellars sees one-third revenue hike

Hungarian winemaker Varga Cellars saw a rise of HUF 4.8 bln in its consolidated revenue, the winemaker’s owner Bálint Varga...

Int'l Relations

Áder discusses cooperation in South Korea

Hungary’s President János Áder (pictured) has proposed the establishment of a joint Hungarian and South Korean fund, which would support...

EU

Hungaryʼs farm gate prices drop 8.1% in February

Farm gate prices in Hungary dropped by a year-on-year 8.1% in February, with prices of crops falling by 7.9% and...

Awards

Hungarian Association of Competition Law welcomes new board

Zoltán Hegymegi-Barakonyi (pictured), partner at Baker & McKenzie, today was appointed the new chairman for the Hungarian Association of Competition...

Sub-committee set up to scrutinize gov’t measures

The economy committee of Parliament today voted to set up a sub-committee to scrutinize government measures that may have allowed...

Telco

Hungaryʼs vehicle fuel sales rise 10% in Q1

Vehicle fuel sales in Hungary saw a year-on-year rise of 10% in the first quarter of this year, with a...

Automotive

Hungary’s used car sales grow 8%

Sales of used cars in Hungary saw a year-on-year rise of 8% in the first quarter, sales director of Hungarian...

Automotive

Casco insurance sales stay steady at 21% in 2014

Despite both sales of new and used cars jumping by 10% and 20%, respectively, in Hungary last year, the number...

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...