VOL. 32. NUMBER 6 | MARCH 22 – APRIL 7, 2024
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SPECIAL REPORT INSIDE THIS ISSUE
Empowering Women in Business
Banking
Good Numbers but Hungarian Banking System Under Pressure Government interventions, the urgency to digitize and the need to comply with new regulations: the local banking sector is under a lot of pressure. Yet, the numbers still look rosy. 14
R34DY: Building Blocks for Core Banking Systems
The company’s name reminds you of a robot from Star Wars, and it has been pronounced in the wildest possible ways. But R34DY draws banking experts’ attention for something much more remarkable: its expertise in core banking systems, pushing a long overdue paradigm shift to the fore. 18
BUSINESS
SOCIALITE
Hungarian Art & Business: 1 Year On Growing its collection of significant Hungarian artists, acquiring work by heavyweight international names, and being visited by a growing number of art lovers, Hungarian Art & Business (HAB) goes from strength to strength. 21
FOCUS
China in Hungary: Growth in the Books According to Chinese tradition, the Year of the Dragon promises prosperity. This positivity also seems to apply to investment relations between Hungary and China, which are thriving more than ever. Insights from the Hungarian Investment Promotion Agency shed light on the specifics. 12
AmCham Hungary CEO Írisz Lippay-Nagy and U.S. Ambassador David Pressman have signed the “Empower Her” initiative, an international movement promoting women-led entrepreneurship, into force in Hungary. 9 NEWS
Disinflation Continues, but not for Long Inflation slowed further in February, remaining in the central bank’s 2-4% target band. However, analysts warn that the generally favorable inflation picture cannot be maintained in the long term. 3