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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...