Telco

Telco

Czech company to buy Nestléʼs Hungarian mineral water unit

Czech Karlovarske Mineralni Vody (KMV) is planning to buy Hungarian mineral water producer Kékkúti, currently owned by Nestlé Waters, which...

Telco

FHB Q4 loss HUF 6.62 bln on rising operating costs and client restitutions

FHB Mortgage Bank posted after-tax losses of HUF 6.62 bln in the fourth quarter of last year – after posting...

Telco

BUX turns red

The Budapest Stock Exchangeʼs main BUX index finished down 0.63% at 18,666.39 Friday after rising 0.54% Thursday. It is up...

Telco

LKM.HU Service inaugurates HUF 127 mln sawmill

LKM.HU Service today inaugurated a HUF 127 mln sawmill in Encsencs in northeastern Hungary, which is expected to raise headcount...

Telco

Gov’t allocates nearly HUF 8 bln for reconstruction of castle district

The government will allocate HUF 7.9 bln until the end of next year, for the refurbishment of Budapest's Castle District,...

Telco

BUX steps on the brake

The Budapest Stock Exchange's main BUX index finished up 0.54% at 18,785.40, a new near nine-month high, Thursday after surging...

Telco

MNB: Forint liquidity of banking sector decreases in February

Forint liquidity of Hungary's banking sector shrank in February as compared to a month earlier, evidenced by a small decrease...

Telco

MTel sets up JV with MET Holding to provide energy services

Magyar Telekom said yesterday that it had signed an agreement to establish a 50-50 joint venture with MET Holding to...

Telco

BUX shows renewed strength

The Budapest Stock Exchange's main BUX index finished up 1.65% at 18,684.50, a near six-month high, Wednesday after garnering 0.06%...

Telco

MNB raided Buda-Cash on suspicious transactions

The National Bank of Hungary (MNB) raided Buda-Cash brokerage after it noticed suspicious securities transactions at small banks that had...

Telco

Hungarian brokerages manage HUF 1.95 trillion in assets

Hungarian brokerages, which operate as independent joint-stock companies, managed a total of HUF 1.95 trillion in assets for clients at...

Telco

Insurance fund to pay some DRB account holders; HUF 12.9 bln not covered

Hungary's National Deposit Insurance Fund (OBA) said yesterday that it had begun paying HUF 103 bln in compensation to approximately...

Telco

BUX resilient despite Fed fears, local scares

The Budapest Stock Exchange's main BUX index finished up 0.06% at 18,380.68, a twelve-day high, Tuesday after rising 0.47% Friday....

Telco

MNB to propose legislation tightening oversight

The National Bank of Hungary (MNB) will propose legislation shortening the time between full checks of financial companies, tightening controls...

Telco

Auchan Magyarország sees HUF 326 bln revenue in 2014

French-owned Auchan Magyarország saw revenue of HUF 326 bln last year, an increase from the previous year’s HUF 324 bln,...

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...