Telco

Telco

MTel Q3 profits fall 12% on higher amortization, depreciation costs

Magyar Telekomʼs third-quarter net income fell 12% to HUF 9.3 bln from the same period a year earlier, an earnings...

Telco

BUX up on Richter, expectations for easy money

The Budapest Stock Exchangeʼs main BUX index finished up 1.99% at 22,057.82 Wednesday after rising 0.22% Tuesday. It is up...

Telco

Forbes: Orbán family, acquaintances see increase in wealth

The wealth of Hungarian Prime Minister Viktor Orbánʼs family is estimated at HUF 6.9 bln, according to a report in...

Telco

Zwack profit up despite health tax on falling costs

Zwack Unicum, Hungaryʼs best-known spirits maker, posted after-tax profit on Tuesday of HUF 711 mln in the first half of...

Telco

Public sector EU co-funding at risk as 962 projects delayed

Some 962 projects co-financed by the European Union, the Hungarian government and local municipalities are at risk of losing EU...

Telco

Richter Gedeon’s Q1-Q3 profit exceeds expectations

Hungarian pharmaceutical company Richter Gedeon’s profit from operations increased significantly, by 97.0%, in both forint and euro terms, a considerable...

Telco

BUX slightly up as global mood sober

The Budapest Stock Exchangeʼs main BUX index finished up 0.22% at 21,628.47 Tuesday after rising 0.11% Monday. It is up...

Telco

Parliament allocates additional HUF 60 bln for ‘migrant crisis’

The Hungarian Parliament today approved legislation to raise the allocation for “extraordinary government measures” by HUF 60 bln to HUF...

Telco

OTP CEO makes Forbes World’s Billionaires List

Sándor Csányi, CEO of OTP Bank, has made it to the World’s Billionaires List of Forbes magazine, after the magazine...

Telco

BUX hardly moves while OTP convalesces

The Budapest Stock Exchangeʼs main BUX index finished up 0.11% at 21,580.45 Monday after falling 1.77% Friday. It is up...

Telco

ÁKK sells HUF 14 bln of three-month bills at ʼliquidityʼ auction, less than planned

The Government Debt Management Agency (ÁKK) sold HUF 14 bln of discount three-month T-bills at a liquidity auction on Monday,...

Telco

BUX further down with OTP plunging

The Budapest Stock Exchangeʼs main BUX index finished down 1.77% at 21,557.44 Friday after falling 0.54% Thursday. It is up...

Telco

MFB calls tender to establish credit distribution network

The state-owned Hungarian Development Bank (MFB) announced today that it is calling a tender to establish a network of 402...

Telco

MNB: Companies make net repayments in September

Corporate lending stock of Hungarian banks fell to HUF 6.253 trillion in September from the previous month due to increased...

Telco

MNB: Households make net repayments in September

Retail lending stock of Hungarian banks fell by HUF 21.2 bln to HUF 6.03 trillion in September from the previous...

Telco

4iG Unit One Macedonia Wins 5G Tender in North Macedonia

One Macedonia has won North Macedonia's 5G frequency tender, parent company 4iG Group said, according to a report by Hungarian...

Telco

Ericsson Launches 6G lab in Budapest R&D Center

Ericsson announced on Wednesday, Nov. 12, the opening of a new 6G Lab at its R&D center in Budapest. The...

Telco

Building a Culture Where Digitalization Comes Naturally

Yettel Hungary’s chief commercial officer, Nemanja Žilović, explains how the company is reshaping its culture to embrace AI responsibly, empower...

Telco

4iG Telco Companies to Wind up Merger in October

Listed ICT company 4iG will wind up the merger under company law of its telco units, DIGI, Antenna Hungaria and...

Telco

Acquisitions Impact Puts 4iG in the Red

4iG booked a first-half loss of HUF 1.1 billion as the impact of acquisitions weighed, the company said in an...

Telco

Yettel Holds Lead as Hungary’s Fastest Mobile Network

Yettel has once again been recognized as Hungary's fastest mobile network, according to Ookla Speedtest Intelligence and szelessav.net nationwide measurements,...

Telco

Telekom Campus Reaches Full Occupancy

Starting from September 2025, an insurance company will occupy approximately 1,000 sqm of office space in the Telekom Campus, developed...

Telco

Magyar Telekom Earnings Climb on Improved Margin, Tax Rollback

Q2 net income of Magyar Telekom rose 29% year-on-year to HUF 56 billion, supported by a wider margin and the...

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...

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...

4iG, Yettel Owner Seek Network Partnership

Units of 4iG, which owns the One telecommunications brand, and e& PPF Telecom Group, which operates the Yettel brand, have...

4iG Unit One Macedonia Wins 5G Tender in North Macedonia

One Macedonia has won North Macedonia's 5G frequency tender, parent company 4iG Group said, according to a report by Hungarian...

4iG SDT Wins Exclusive Rights to Sell Tatra Military, Special Vehicles in Hungary

4iG SDT has signed an exclusive commercial cooperation agreement with Tatra Trucks a.s., granting the Hungarian company sole representation and...

Ericsson Launches 6G lab in Budapest R&D Center

Ericsson announced on Wednesday, Nov. 12, the opening of a new 6G Lab at its R&D center in Budapest. The...

Building a Culture Where Digitalization Comes Naturally

Yettel Hungary’s chief commercial officer, Nemanja Žilović, explains how the company is reshaping its culture to embrace AI responsibly, empower...

Magyar Telekom Earnings Climb on Improved Margins, Tax Rollback

Q3 net income of Magyar Telekom rose 24% y.o.y. to HUF 55.3 bln, supported by a wider margin and the...

4iG Signs Letter of Intent to Promote Connectivity in Western Balkans

4iG said that it concluded a non-binding letter of intent with the EC and Geant in which they jointly affirmed...

4iG Telco Companies to Wind up Merger in October

Listed ICT company 4iG will wind up the merger under company law of its telco units, DIGI, Antenna Hungaria and...

Watchdog Launches Probe of Language Learning App Duolingo

Hungary's Competition Authority (GVH) on Wednesday announced the launch of a probe of Duolingo, a U.S.-based company with a language...

Acquisitions Impact Puts 4iG in the Red

4iG booked a first-half loss of HUF 1.1 billion as the impact of acquisitions weighed, the company said in an...

Yettel Holds Lead as Hungary’s Fastest Mobile Network

Yettel has once again been recognized as Hungary's fastest mobile network, according to Ookla Speedtest Intelligence and szelessav.net nationwide measurements,...

Telekom Campus Reaches Full Occupancy

Starting from September 2025, an insurance company will occupy approximately 1,000 sqm of office space in the Telekom Campus, developed...

Magyar Telekom Earnings Climb on Improved Margin, Tax Rollback

Q2 net income of Magyar Telekom rose 29% year-on-year to HUF 56 billion, supported by a wider margin and the...