Tech

Telco

Banking sector profitable in 2016 after losses in 2015

Hungarian banksʼ combined after-tax profit in 2016 came to HUF 456.2 billion compared to a HUF 29.1 bln loss in...

Telco

MTel to slightly cut back on investments in 2017

Magyar Telekom will slightly cut back on the amount of money it invests this year into network developments to compensate...

Telco

Corporate tax cut lifts Magyar Telekom profits in Q4

Magyar Telekom booked after-tax profit of HUF 20.5 billion in Q4 – five times the amount in the base period...

Telco

CIG Pannónia Life Insurance revenues edge up in 2016

CIG Pannónia Life Insuranceʼs net revenues from premiums edged up 1% to HUF 15.8 billion in 2016, an earnings report...

Telco

Hungary’s real wages up 7.4% in 2016

Real wages in Hungary were up by 7.4% in 2016, compared to the preceding year, along with a 0.4% rise...

Telco

Used car sales in Hungary predicted to reach 680,000 in 2017

Used car sales in Hungary are set to climb by 11.5% this year, reaching 680,000, a survey by used car...

Telco

Iron-Tech completes capacity expansion

Hungarian metalworking and spare parts manufacturer Iron-Tech has announced the completion of a capacity expansion supported with almost HUF 440...

Telco

Gov’t to spend HUF 120 bln raising wages at state-owned firms

The government will allocate HUF 44 billion in 2017 to raise pay at state-owned companies, to be followed by a...

Telco

Magyar Telekom names new IT chief

Magyar Telekom, the Hungarian subsidiary of German giant Deutsche Telekom, has appointed Dr. Kim Kyllesbech Larsen as Chief Technology and...

Telco

Banking sector liquidity rises in January

Forint liquidity of Hungaryʼs banking sector rose in January from a month earlier as the average stock of banksʼ one-day...

Telco

Paks NPP output reached 16,054 GWh in 2016

Output of Hungaryʼs Paks Nuclear Power Plant rose by 1.4% to 16,054 GWh last year, CEO István Hamvas said on...

Telco

Government tops up funding to hire more police

The government has mandated the reallocation of HUF 55.8 bln in this yearʼs budget to finance the hiring of 3,000...

Telco

Richter’s Q4 profit doubles on financial gain

A large financial gain lifted Hungarian drugmaker Gedeon Richter’s fourth-quarter net income to HUF 19.3 billion, a little more than...

Telco

PR-TELECOM upgrades broadband network in 150 settlements

Telecommunications network provider PR-TELECOM is establishing and developing next-generation access broadband internet networks in 150 settlements in Hungary with HUF...

Telco

Zwack Unicum profit jumps 26.8% in first three-quarters of business year

After-tax profit for Zwack Unicum, the quintessentially Hungarian spirits maker, rose 26.8% to HUF 2.53 bln in the first three...

Science

Rising Tide of Dementia: Economic Imperatives for Hungary and Europe

The rising prevalence of dementia is becoming not only a healthcare challenge but an economic and labor market issue that...

Science

3D-Printed Spine Models Could Aid Planning for Complex Surgery

Physical, life-sized models of patients’ spines could give surgeons a valuable additional tool when preparing for particularly complex procedures, according...

Science

Mental Health Forum Seeks to Turn Professional Consensus Into Cross-sectoral System Reform

Semmelweis University’s “Mental Health in Hungary 2026” forum brought psychiatric professionals, social care workers, educators, patient representatives and policymakers together...

Science

ELTE Quantum Biology Conference Puts Budapest on Emerging Science Map

Budapest hosted an international gathering at the frontier of quantum science and biology as the 15th International Workshop on Quantum...

Science

Endometriosis Carries a Heavy Workplace Cost in Hungary

A Hungarian-led study has quantified the workplace burden of endometriosis, showing that women with the condition miss more than twice...

Fintech

SAP Hungary: How AI and Business Development Meet in Budapest

SAP Hungary opened its Budapest office to the press during an “Insider Tour,” giving a close look at how the...

What Might Dogs Reveal About Human Communication?

A Hungarian-led research team working out of the Department of Ethology at ELTE in Budapest is working to discover what...

AI Agents Could Shop and Pay for One in 10 Consumers by 2030, Mastercard Says

More than one in 10 online shoppers could regularly use artificial intelligence agents to purchase products on their behalf by...

4iG Group, SpaceX Sign European Deal for Starlink Mobile, Sovereign Solutions

4iG Group and SpaceX have signed agreements to introduce Starlink Mobile services and develop secure sovereign satellite communications solutions in...

Global Payments Introduces Accessible Card Payments for Visually Impaired Users

Global Payments has introduced a new accessibility mode on its payment terminals designed to make card payments easier for blind...

Sziget Festival Sets New Mobile Data Traffic Record on Yettel Network

Festival-goers generated nearly 54 terabytes of mobile data traffic on Yettel’s network during this year’s Sziget Festival, setting a new...

Rising Tide of Dementia: Economic Imperatives for Hungary and Europe

The rising prevalence of dementia is becoming not only a healthcare challenge but an economic and labor market issue that...

3D-Printed Spine Models Could Aid Planning for Complex Surgery

Physical, life-sized models of patients’ spines could give surgeons a valuable additional tool when preparing for particularly complex procedures, according...

BME, OTP Join Forces to Strengthen Cybersecurity Education and Research

A new partnership between the Budapest University of Technology and Economics (BME) and OTP Bank aims to connect academic expertise...

CoinCash 1st Hungarian Crypto Provider to Receive MiCA Approval

MNB granted CoinCash operator Tiwala Solutions a CASP license, making it the first and currently only Hungary‑based crypto provider authorized...

Mental Health Forum Seeks to Turn Professional Consensus Into Cross-sectoral System Reform

Semmelweis University’s “Mental Health in Hungary 2026” forum brought psychiatric professionals, social care workers, educators, patient representatives and policymakers together...

ELTE Quantum Biology Conference Puts Budapest on Emerging Science Map

Budapest hosted an international gathering at the frontier of quantum science and biology as the 15th International Workshop on Quantum...

Endometriosis Carries a Heavy Workplace Cost in Hungary

A Hungarian-led study has quantified the workplace burden of endometriosis, showing that women with the condition miss more than twice...

Breakthrough to Bedside: The Financing Challenge Behind Healthcare Innovation

According to Ildikó Ádám, partner at EY and life sciences industry leader for the Europe Central region, her sector is...

Corvinus University Completes HUF 1.5 bln Digital Development Project

Corvinus University of Budapest has completed a HUF 1.491 bln digital and practice-oriented development project supported by non-refundable EU funding...

SAP Hungary: How AI and Business Development Meet in Budapest

SAP Hungary opened its Budapest office to the press during an “Insider Tour,” giving a close look at how the...