Christian Keszthelyi

Retail

iBlue develops vehicle immobiliser

Hungarian-Swiss joint venture iBlue AG, has entered the market of smart devices with a €2 mln development of a vehicle...

EU

Bill transposing EU energy efficiency submitted

Lawmakers of ruling Fidesz party submitted a bill to the Hungarian Parliament yesterday that aims to transpose the European Unionʼs...

Telco

KSH: Hungaryʼs trade surplus reaches €935 mln in February

Hungary saw a €935.4 mln trade surplus in February, with exports rising by 7.4% to €7.290 bln and imports rising...

Figures

Hungary’s CPI comes to negative 0.6% in March

The consumer price index in Hungary fell by a year-on-year 0.6% in March, slowing from February’s drop of 1%, in...

Telco

Revenue from BP transport fares reaches HUF 60 bln in 2014

Sales of tickets and passes for Budapest’s public transport generated an estimated net revenue of HUF 60 bln for the...

Deals

New road toll system sells 949,000 county vignettes

Since the introduction of the new road toll system in January, approximately 949,000 county motorway vignettes have been sold, while...

Telco

Renewed state TV loses viewers

Hungarian state-owned television channel M1 has been losing viewers since its renewal as an all-news channel on March 15, Hungarian...

Food

KSH: Household consumption up by 2.7%

Monthly household consumption saw an increase of an annual 2.7% in real terms to an average of HUF 68,609 per...

Deals

Court grants Quaestor unit temporary moratorium

The Budapest Municipal Court of Appeals granted Quaestor Financial Hrurira a temporary moratorium on payments on March 31, Hungarian news...

Telco

Tutti turnover climbs over HUF 4.7 bln in 2014

Hungarian powdered drink producer Tutti saw a revenue rise of 3.5%, reaching HUF 4.72 bln last year, with export sales...

Telco

Coca-Cola Hungary sells 439 mln liters of products in 2014

Coca-Cola HBC Magyarország sold more than 439 million liters of product last year, with domestic sales generating three-fourths of its...

Banking

Number of companies requesting extensions on tax payments declines

The number of Hungarian companies who opted for additional time to pay their taxes fell to 15,000 last year from...

Initiatives

Varga terms Kazakhstan visit ʼextraordinarily successfulʼ

Hungary’s National Economy Minister Mihaly Varga said in a press release Friday that the visit of Prime Minister Viktor Orbán...

Pharma

Viola 30 winds up HUF 735 mln investment

Hungary’s Viola 30 Kft yesterday inaugurated the four-star Calendula Ayurvedic and Medical Hotel in Siófok, near Lake Balaton, through an...

Analysis

Externet, UPC halt data exchange

Internet service providers Externet and UPC have halted data exchange between each other as of April 1, therefore UPC clients...

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...