Telco

Telco

Government clears 15% PIT rate for 2016

Hungaryʼs government has approved proposals to reduce the personal income tax rate from 16% to 15% next year, National Economy...

Telco

Motorway between Miskolc and Kosice to be completed by 2019

A motorway connecting Miskolc, in northeast Hungary, with Kosice, in Slovakia, is expected to be completed by 2018-2019, Prime Minister...

Telco

Varga: Cut personal income tax to 15% in 2016

Hungaryʼs National Economy Ministry proposed at a press conference yesterday that the personal income tax rate be lowered to 15%...

Telco

BUX further up

The Budapest Stock Exchangeʼs main BUX index finished up 1.20% at 21,903.37 Tuesday after rising 1.48% Monday. It is up...

Telco

Altera launches liquidation procedure against BTel

Hungaryʼs Altera launched a liquidation procedure today against Business Telecom (BTel) after the troubled company failed to settle invoices, Hungarian...

Telco

KSH: Average wages climb 3.4% in February

Both average gross and net wages in Hungary grew by a year-on-year 4.3% in February to a respective HUF 234,367...

Telco

ANY shareholders agree to HUF 73-per-share dividend

Shareholders of security printing company ANY approved a proposal to pay a HUF 73-per-share dividend on 2014 earnings at an...

Telco

Hospital debt reaches new highs, supplier payments suspended

The accumulated debt of Hungarian hospitals reached HUF 83 bln in March, napi.hu reported yesterday. According to data published by...

Telco

BUX up in correction of correction

The Budapest Stock Exchangeʼs main BUX index finished up 1.48% at 21,642.72 Monday after diving 2.62% Friday. It is up...

Telco

MNB revokes Quaestor license, facilitates client compensation

The National Bank of Hungary (MNB) said on Friday that it had revoked the license of brokerage Quaestor and ordered...

Telco

BUX down in continuing correction

The Budapest Stock Exchangeʼs main BUX index finished down 2.62% at 21,326.99 Friday after falling 0.80% Thursday. It is up...

Telco

OTP shareholders tap profit reserves to pay HUF 145-per-share dividend

Shareholders of OTP Bank approved at an annual general meeting today a proposal to pay a HUF 145-per-share dividend from...

Telco

Lázár proposes pay rise for public administration workers

Cabinet Chief János Lázár yesterday proposed that the salaries of employees in Hungaryʼs public sector should be raised by 30-50%...

Telco

Hungary’s Naturtex signs contract with Chinese partner

Hungarian pillow and duvet manufacturer Naturtex and its Chinese partner Luolai Home Textile Co. yesterday signed a contract under which...

Telco

Raba shareholders decide to pay no dividend

Shareholders of Hungarian automotive industry company Raba decided at an annual general meeting yesterday that the company would pay no...

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...