Telco

Telco

General gov’t deficit reaches 72.5% of full-year target

Hungary's cashflow-based general government deficit, excluding local councils, had a HUF 95.9 bln surplus in November, bringing the eleven-month deficit...

Telco

Ministry: Army helicopter upgrade stalled but not abandoned

Hungary’s Defense Ministry is planning to upgrade the country’s military helicopter fleet in the long-term, a ministry official told Hungarian...

Telco

Eximbank, OTP eye joint stake in Graboplast

A venture capital venture fund owned by Eximbank and OTP Bank is seeking to acquire a 16% stake in Hungarian...

Telco

Tamás Duzsi named ‘Winemaker of the Year’

The Hungarian Academy of Wine named Hunagrian vintner of Szekszárd, Tamas Duzsi, as “Winemaker of the Year” in 2014 on...

Telco

Budapest Bank acquisition exempted from competition office scrutiny

Because the government is planning to declare the acquisition of Budapest Bank as being “strategically important for the national economy”,...

Telco

Aldi opens 100th store in Hungary

German-owned discount supermarket chain Aldi opened its 100th store in Hungary on Thursday, according to news agency MTI. The store...

Telco

Tobacco firms receive tax incentive for job creation

The additional contribution tobacco companies are expected to pay into healthcare coffers next year could be reduced by as much...

Telco

Giro to lower interbank transaction fees

The board of directors of interbank clearing house GIRO decided that its interbank transaction fees in Hungary would be lowered...

Telco

State Secretary: Hungarian electricity, gas second cheapest in Europe

Hungarian families now pay the second lowest prices for gas and electricity in the European Union, János Fónagy, state secretary...

Telco

BUX up in very thin trade

The Budapest Stock Exchange's main BUX index finished up 0.51% at 17,281.57 Wednesday, after rising 0.63% Tuesday. It is down...

Telco

ICT software, services exports set to double

Software and services exports of Hungary's information and communications technology (ICT) sector doubled in 3-5 years, the head of ICT...

Telco

Alteo to buy local RWE-EnBW-owned peer

Hungarian energy services provider Alteo signed an agreement to buy 100% of peer Sinegy from the local units of Germany's...

Telco

Banks disburse HUF 408 bln in loans through Funding for Growth Scheme

Banks have so far disbursed HUF 408.2 bln in loans to SMEs using cheap credit available in the second phase...

Telco

Revenue from truck toll exceeds target

Revenue from Hungary's toll on trucks and transport vehicles came to HUF 151 bln in the January-November period, exceeding the...

Telco

2014 budget amended to accommodate assets purchases, capital injections

Parliament approved on Tuesday amendments to the 2014 Budget Act that raised the cashflow deficit by HUF 167 bln to...

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...