Tech

Telco

ÁKK sells HUF 170 bln of two-year retail securities in April

Sales by the Government Debt Management Agency (ÁKK) of a new two-year security targeted at retail investors came to almost...

Telco

BUBOR appears to stabilize at 16 bps, Nomura says

The Budapest Interbank Offered Rate (BUBOR) appears to have stabilized at 16 bps by hitting its “credit floor,” and as...

Telco

Higher revenue, lower risk and tax costs lift OTP Q1 profit 54%

OTP Bankʼs first-quarter consolidated after-tax profit rose 54% year-on-year to HUF 52.9 billion, lifted by higher revenue, lower risk costs...

Telco

MTel aims to boost 4G+ coverage to 35%-40% this year

Magyar Telekom expects network investments to boost its 4G+ coverage by 5-10 percentage points from 30% at present, CFO János...

Telco

MFB total assets edge down, lending stock rises

The state-owned Hungarian Development Bank (MFB) had total assets of HUF 1.294 trillion at the end of last year, edging...

Telco

MTel Q1 profit drops 55% on narrower margins, one-offs

Magyar Telekomʼs first-quarter after-tax profit fell 54.6% year-on-year to HUF 4.8 billion on narrower margins and one-offs in the base...

Telco

Hungarians spend HUF 11,000/month on household energy

Hungarians spent HUF 10,907 per month on average on household energy in 2016, a summary of preliminary household consumption data...

Telco

Revenues, financial income push Richter Q1 profit up 71%

Hungarian drugmaker Gedeon Richterʼs first-quarter net income rose 71% year-on-year to HUF 19.8 billion, lifted by higher revenue, financial income...

Telco

General gov’t runs HUF 121.5 bln deficit at end of April

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 121.5 billion deficit at the end of April, according...

Telco

Corporate lending of Hungarian banks up in March

The corporate lending stock of Hungarian banks was up in March from the previous month as companies were net borrowers,...

Telco

Retail lending of Hungarian banks edges down in March

The retail lending stock of Hungarian banks was down in March compared to the previous month, fresh data from the...

Telco

Wingholding books HUF 255 mln loss in 2016

Hungarian property developer Wingholding booked a HUF 255 million loss in 2016, an audited earnings statement posted on the website...

Telco

MOL Q1 earnings up 28% as inventories rise

Hungarian oil and gas company MOL?s first-quarter net income rose 28% to HUF 93.9 billion from the corresponding period a...

Telco

Bill would raise 2017 revenue, expenditure targets by HUF 420 bln

Hungaryʼs government submitted a bill to Parliament late Tuesday that would raise the revenue and expenditure targets in the 2017...

Telco

Government submits 2018 budget bill to Parliament

Minister for National Economy Mihály Varga submitted the 2018 budget bill to Parliament yesterday, Hungarian news agency MTI reported. The...

Telco

ÁKK sells HUF 170 bln of two-year retail securities in April

Sales by the Government Debt Management Agency (ÁKK) of a new two-year security targeted at retail investors came to almost...

Telco

BUBOR appears to stabilize at 16 bps, Nomura says

The Budapest Interbank Offered Rate (BUBOR) appears to have stabilized at 16 bps by hitting its “credit floor,” and as...

Telco

Higher revenue, lower risk and tax costs lift OTP Q1 profit 54%

OTP Bankʼs first-quarter consolidated after-tax profit rose 54% year-on-year to HUF 52.9 billion, lifted by higher revenue, lower risk costs...

Telco

MTel aims to boost 4G+ coverage to 35%-40% this year

Magyar Telekom expects network investments to boost its 4G+ coverage by 5-10 percentage points from 30% at present, CFO János...

Telco

MFB total assets edge down, lending stock rises

The state-owned Hungarian Development Bank (MFB) had total assets of HUF 1.294 trillion at the end of last year, edging...

Telco

MTel Q1 profit drops 55% on narrower margins, one-offs

Magyar Telekomʼs first-quarter after-tax profit fell 54.6% year-on-year to HUF 4.8 billion on narrower margins and one-offs in the base...

Telco

Hungarians spend HUF 11,000/month on household energy

Hungarians spent HUF 10,907 per month on average on household energy in 2016, a summary of preliminary household consumption data...

Telco

Revenues, financial income push Richter Q1 profit up 71%

Hungarian drugmaker Gedeon Richterʼs first-quarter net income rose 71% year-on-year to HUF 19.8 billion, lifted by higher revenue, financial income...

Telco

General gov’t runs HUF 121.5 bln deficit at end of April

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 121.5 billion deficit at the end of April, according...

Telco

Corporate lending of Hungarian banks up in March

The corporate lending stock of Hungarian banks was up in March from the previous month as companies were net borrowers,...

Telco

Retail lending of Hungarian banks edges down in March

The retail lending stock of Hungarian banks was down in March compared to the previous month, fresh data from the...

Telco

Wingholding books HUF 255 mln loss in 2016

Hungarian property developer Wingholding booked a HUF 255 million loss in 2016, an audited earnings statement posted on the website...

Telco

MOL Q1 earnings up 28% as inventories rise

Hungarian oil and gas company MOL?s first-quarter net income rose 28% to HUF 93.9 billion from the corresponding period a...

Telco

Bill would raise 2017 revenue, expenditure targets by HUF 420 bln

Hungaryʼs government submitted a bill to Parliament late Tuesday that would raise the revenue and expenditure targets in the 2017...