Telco

Telco

Romanian Astra insurer goes bust, Hungarian clients seek compensation

Romanian insurer Astra, which also has a subsidiary in Hungary, has gone insolvent and its license has been withdrawn by...

Telco

Hungary calls tenders for HUF 71 bln of R&D grants

The Hungarian government yesterday reportedly called tenders for HUF 71 bln in European Union and state funding for research, development...

Telco

BUX falls on losses from OTP, Richter

The Budapest Stock Exchangeʼs main BUX index fell 0.93% to 21,190.85 on losses from blue chips OTP Bank and Richter...

Telco

BUX up almost 3% on correction

The Budapest Stock Exchangeʼs main BUX index finished up 2.94% at 21,389.35 Tuesday after dropping 6.07% Monday....

Telco

Claessens Group inaugurates HUF 2 bln barn at cattle farm

Family-owned Claessens Group has inaugurated a new barn valued at nearly HUF 2 bln at its cattle farm in Felsőbogátpuszta,...

Telco

Pro-M completes HUF 3 bln development

Hungarian state-owned Pro-M inaugurated a HUF 3 bln development of the communications network it operates for Hungaryʼs emergency services, Hungarian...

Telco

Erste Bank Hungary H1 loss narrows on base effect

Erste Bank Hungaryʼs consolidated first-half loss narrowed to HUF 10.8 bln from HUF 43.9 bln in the same period a...

Telco

BUX falls more than 6% on worries over Chinese economy

The Budapest Stock Exchangeʼs main BUX index plunged 6.07% to 20,778.29 on Monday, falling with indices around the world on...

Telco

Report: Cembrit launches test production at renovated plant

Danish-owned building materials company Cembrit has begun test production at its plant in Nyergesújfalu, western Hungary, where reconstruction was made...

Telco

Report: Panic reaches Budapest bourse

The main index of the Budapest Stock Exchange (BSE) BUX index was down 1.74% at 21,734.90 about five minutes after...

Telco

PannErgy after tax loss up in Q2

Hungarian geothermal-energy company on Wednesday posted a HUF 187 mln after-tax loss from the second quarter, after an after-tax loss...

Telco

State Secretary: Deficit target for 2015 realistic

The governmentʼs 2015 deficit target of 2.4% of GDP is still realistic considering the positive economic processes; the government will...

Telco

Samsonite launches expansion at Hungarian plant

The Hungarian unit of global luggage manufacturer Samsonite has inaugurated a HUF 2.4 bln expansion in Szekszárd, southwestern Hungary, national...

Telco

Raiffeisen to close 15 branches in Hungary this fall

Raiffeisen will close 15 of its branches in Hungary in September, Raiffeisen chief Heinz Wiedner said on Wednesday at a...

Telco

BUX up on relatively mild borrowers relief

The Budapest Stock Exchangeʼs main BUX index finished up 0.54% at 22,120.26 Wednesday after dropping 1.25% Tuesday. It is up...

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...