Telco

Telco

Hungary launches state-owned utilities company

The Hungarian state is launching a holding company that will act as an “efficient, predictable and cheap” utilities provider, state...

Telco

BUX corrects up after two days of losses

The Budapest Stock Exchange's main BUX index finished up 0.24% at 17,913.11 Tuesday, after dropping 1.18% Monday. It is up...

Telco

Report: Investment fund assets edge up to HUF 5.532 trillion

Assets in investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) increased...

Telco

CIG Pannonia closes successful year

CIG Pannónia Life Insurance had before-tax revenue of HUF 954 mln in 2014, up by HUF 187 mln from the...

Telco

MNB: Household savings 5.9% of GDP in 2014

Net household financial savings or net lending of the household sector totalled HUF 1,882 bln, or 5.9% of GDP in...

Telco

MNB: Hungary’s Maastricht debt unchanged at 77.3% of GDP at end of 2014

Hungary's gross consolidated government sector debt, calculated at nominal value, in line with Maastricht methodology, reached 77.3% of GDP at...

Telco

4iG profits drop with costs outpacing revenue

Hungarian software company 4iG's net profit dropped by 48%, down to HUF 257 mln, last year as costs rose faster...

Telco

BUX down after strong weeks

The Budapest Stock Exchange's main BUX index finished down 1.18% at 17,870.65 Monday, after dropping 0.16% Friday from a near...

Telco

K&H Bank books HUF 29 bln loss on borrowers relief provisions

K&H Bank, the Hungarian business of Belgium's KBC, booked a consolidated HUF 29.1 bln loss last year because of compensation...

Telco

MNB: Hungary’s c/a surplus €370 mln in December

Hungary's current-account surplus was at €369.9 mln in December, bringing Q4 surplus to a preliminary €1.21 bln, the monthly balance...

Telco

MNB: Net EU transfers exceed €1 bln in December

Net transfers from the European Union to Hungary totaled €1.029 bln in December 2014, pushing the net inflow from the...

Telco

Private banking: shrinking margins, stagnating client base

The following article is from the February 13-26 print edition of the Budapest Business Journal....

Telco

INA reports 64% fall in profit

Croatian oil and gas company INA — a subsidiary of Hungarian peer MOL —posted net profit excluding special items of...

Telco

Government issues $700 mln loan guarantee for Budapest Bank purchase

The Hungarian government has undertaken to provide a guarantee to a loan worth up to $700 mln, which is expected...

Telco

State energy group MVM buys 50% of Panrusgaz under option

State-owned Hungarian Electricity Works (MVM) has purchased 50% of the shares of gas trading company Panrusgaz Gázkereskedelmi, which specializes in...

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...