Christian Keszthelyi

Initiatives

Invitel extends InnoMax deadline

Hungarian tele- and info-communications company, Invitel is extending the deadline of its CSR program InnoMax grant scheme to April 26...

Telco

Knorr-Bremse winds up HUF 700 mln development project

Knorr-Bremse Fékrendszerek, the Hungarian unit of German braking systems manufacturer Knorr-Bremse, today wound up an electronic braking system development for...

Telco

KSH: Hungary’s 2014 general government deficit 2.6% of GDP

Hungaryʼs general government deficit calculated according to Maastricht criteria, came to HUF 829.1 bln last year, which is 2.6% of...

Competition

Rogán urges MNB to scrutinize Lombard Lízing

Ruling Fidesz party’s Caucus Leader Antal Rogán yesterday asked the National Bank of Hungary to carry out a full investigation...

Telco

Decree set to simplify EKAER

In accordance with a decree drafted by Hungary’s economy ministry, large haulage companies will be able to apply for EKAER,...

Figures

KSH: Hungary’s January trade surplus jump to €709 mln

Hungary’s trade surplus revised upwards to €709 mln in January, up from the €691 mln of the first reading released...

History

NAV tightens regulations over online gambling

Hungary’s National Tax and Customs Authority (NAV) made 82 resolutions against organizers of online gambling, which will result in the...

Recycling

Alföldi Tej to buy FrieslandCampinaʼs plant

Dutch-owned FrieslandCampina Hungária, which also produces Hungary’s well-known sweet Pöttyös Túró Rudi, is selling its Debrecen-based plant (pictured) to Hungarian...

Transport

Wizz Air to fly to Bologna, Glasgow

Hungarian low-cost airlines Wizz Air is offering two new destinations from Budapest, Hungary, flying to Bologna, Italy and Glasgow, Scotland,...

Deals

Eston International expands portfolio by 57,000 sqm

Eston International’s portfolio has expanded by 57,000 sqm as a result of exclusively contracting with CPI Property Group’s three office...

In Hungary

MNB: Number of issued bank cards drop

The number of bank cards issued in Hungary saw a 1% drop to 8,876,780 last year, with debit cards accounting...

Retail

Mall traffic drops dramatically on Sunday closures

Visitor numbers to shopping malls containing cinemas have more than halved due to the recently approved bill restricting retailers from...

Awards

Police raid Győr football stadium

Both the park and stadium complex of Győr’s football team have been taken over by the Hungarian police investgating the...

Visits

PM promises to reveal brokerage-government ties

The government intends to inform the public by Thursday on the nature of state institutions’ financial ties with brokerages, Hungary’s...

Competition

Ministry drafts anti-corruption bill

Hungary’s justice ministry today published a draft bill on its website aimed at amending several penal laws, which would 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...