Telco

Telco

Ceva-Phylaxia inaugurates HUF 2bln expansion

French-owned veterinary company Ceva-Phylaxia inaugurated a HUF 2 bln expansion at its plant located in Budapest, the company announced today....

Telco

New HUF 10,000 bill to start circulating in December

The National Bank of Hungary will start circulating a new HUF 10,000 banknote on December 1, the central bank said...

Telco

BUX down on global risk avoidance

The Budapest Stock Exchange's main BUX index finished down 0.31% at 17,552.46 Wednesday, after rising 1.41% Tuesday. It is down...

Telco

Dutch Accell Group expands Hungary plant

Bicycle manufacturer Accell Hunland Kerékpárgyártó, part of the Dutch Accell Group has built a more than HUF 600 mln new...

Telco

BUX rises on fewer uncertainties

The Budapest Stock Exchange's main BUX index finished up 1.41% at 17,606.86 Tuesday, after sinking 0.47% Monday. It is down...

Telco

Private pension bill will not have retroactive effect

A bill submitted to Parliament by the government that would force private pension funds whose members are not paying their...

Telco

Vitép ’95 Kft. invests HUF 250 mln at base near Budapest

Hungarian concrete component manufacturer Vitép '95 Kft., which chiefly supplies civil engineering projects, is investing almost HUF 250 mln at...

Telco

Insurance companies revenue rises, profit drops in year to Q3

Hungary's insurance sector had after-tax profit of HUF 4.9 bln on HUF 195.6 bln of revenue from premiums in the...

Telco

BUX again bucks positive global trend

The Budapest Stock Exchange's main BUX index finished down 0.47% at 17,362.67 Monday, after sinking 0.34% Friday. It is down...

Telco

Lenders’ losses approach HUF 334 bln in Q1-Q3 on borrowers’ relief

Hungary's banking sector had a combined after-tax loss of HUF 333.7 bln in the first three quarters as a result...

Telco

MNB: Hungarian banks’ retail NPL ratio reaches 19.4%

The ratio of non-performing loans in Hungarian banks' retail lending portfolio reached 19.4% at the end of the third quarter,...

Telco

Schott Hungary undertaking HUF 2.6 bln capacity expansion

Schott Hungary, a company prodcuding glass ampoules and vials for the pharmaceutical industry, is spending HUF 2.6 bln for expanding...

Telco

Toy seller Formatex targets 13% increase in holiday sales

Hungarian toy seller Formatex has a net revenue target of more than HUF 1 bln in the upcoming winter holiday...

Telco

Public media support fund has HUF 80.5 bln budget for 2015

Hungary's Media Support and Asset Management Fund (MTVA), whose assets and staff supply the output of Hungary's public media outlets,...

Telco

BUX bucks positive global trend

The Budapest Stock Exchange's main BUX index finished down 0.34% at 17,445.12, Friday, after sinking 0.46% Thursday. It is down...

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...