Telco

Telco

Interest strong for EV subsidies

Hungarians submitted almost 900 applications for a combined HUF 4 billion in subsidies for purchases of fully electric vehicles and...

Telco

Csányi at top of ʼ100 Richestʼ Hungarians list

Sándor Csányi, the food and farm industry magnate who also heads Hungaryʼs biggest commercial lender, OTP Bank, remained at the...

Telco

Aid from anti-crisis shield has reached EUR 18.4 bln, Polish ministry says

The total value of aid granted under the anti-crisis shield amounts to PLN 81.86 billion (EUR 18.4 bln), the Polish...

Telco

Retail deposit stock jumps in April

Monthly data released by the National Bank of Hungary (MNB) on Thursday show an unprecedented increase in retail deposits in...

Telco

Pick Szeged announces HUF 2.9 bln capital raise

Salami maker Pick Szeged announced Wednesday that at its May 21 general meeting it decided to raise the companyʼs registered...

Telco

Gen govʼt deficit widens to nearly HUF 1.052 tln at end-May

Hungaryʼs general government deficit, excluding local councils, reached nearly HUF 1.052 trillion at the end of May, widening on pandemic...

Telco

Net asset value of investment funds edges up in April

The net asset value of investment funds in Hungary rose to HUF 7.211 trillion at the end of April, up...

Telco

Average gross earnings above HUF 400,000 in March

In March 2020, average gross earnings in Hungary amounted to HUF 400,400, 9% higher than a year earlier, according to...

Telco

Voluntary pension member contributions rose 4.5% in Q1

Voluntary pension fund member contributions rose by 4.5% to HUF 23.15 billion in Q1 2020 from Q1 2019, data from...

Telco

AutoWallis registers 10% revenue growth in Q1 2020

Listed company AutoWallis has managed to increase its revenue by 10% to HUF 20.2 billion in the first quarter of...

Telco

Szerencsejáték offers to pay sales partners preserving jobs extra HUF 5 bln

State-owned lottery company Szerencsejáték is offering its key sales partners hit by the pandemic but preserving jobs extra commissions worth...

Telco

Leasing market takes hit from pandemic crisis

Growth on Hungaryʼs leasing market came to a halt in the first quarter due to the coronavirus pandemic, the Hungarian...

Telco

Govʼt announces details of HUF 25 bln in extra farm support

The Agriculture Ministry on Friday announced details of HUF 25 billion in support for farm producers and food industry companies...

Telco

Long Road Back to Recovery Starts

Several restrictions related to the coronavirus were lifted in Budapest and Pest county on Monday, May 18. All shops could...

Telco

Households’ assets increased by HUF 514 bln

Households’ financial assets increased by HUF 514 billion in Q1, which is the most modest amount since the HUF 418...

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...