Christian Keszthelyi

History

Lázár: PM needs to help with by-elections

According to Hungary’s Cabinet Chief János Lázár, Prime Minister Viktor Orbán needs to be involved in the April 12 by-election...

Telco

Magyar Telekom to expand 4G network

Magyar Telekom, the Hungarian unit of German telecom giant Deutsche Telecom, will connect approximately 440,000 households to its 4G network...

Awards

Quaestor-owned football club of ‘strategic importance’

The Hungarian government declared Győr’s football team and stadium – Győri Eto FC Kft. and ETO PARK Kft. – of...

History

Treasury’s software upgrade to make same-day financial transaction possible

According to National Economy Ministry state secretary András Tállai, Hungary’s State Treasury is expected to implement software developments within the...

EU

Report: EC concerns could be cleared with minor changes

According to Hungary’s farm ministry state secretary István Nagy, Hungary could resolve the European Commissionʼs concerns regarding its new land...

Museums

Millenium metro could be replaced

Carriages of Budapest’s metro line 1, also known as Millennium Underground Railway or M1 – the oldest line in the...

Tourism

Brokerage scandals could jeopardize 3,700 jobs

Approximately 3,700 employees could be affected by the recent brokerage scandals, as they may face losing their jobs, Hungarian online...

Deals

Csányi weighs in on Quaestor bonds

OTP chairman-CEO Sándor Csányi believes it would be “unjustified” to force financial market players in Hungary to compensate investors for...

Initiatives

Takarékbank, FHB acquire JNT Security stakes

Hungary’s Takarébank and FHB Mortgage banks on March 31 purchased 40% and 10%, respectively, of JNT Security stakes, which used...

Deals

Prosecutor: HUF 160 bln in Quaestor assets seized

A total of HUF 160 bln in assets has been seized so far in the Quaestor brokerage case, Budapestʼs chief...

Sustainability

Home sales jump 51% in March

The number of homes sold in Hungary jumped by a year-on-year 51% in March, reaching a total of 12,263, real...

Deals

ING Biztosító renamed as NN Biztosító

ING Group’s Hungarian insurance unit ING Biztosító changed its name to NN Biztosító as of today, the company told Hungarian...

Tourism

Wizz Air eyes to open 21st base

Hungarian low-cost airline Wizz Air is planning to open a new base in Lublin, which will be the sixth such...

History

Government to introduce electronic ID cards

The Hungarian government is planning to replace current identity cards with electronic ID cards that would enable carriers to do...

Int'l Relations

Szijjártó discusses Hungary-Kazakhstan economic ties

Excellent political cooperation between Hungary and Kazakhstan will lay the ground work for strengthening economic relations between the two countries,...

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...