Telco

Telco

MNB FX swap stock practically flat after tender

The National Bank of Hungaryʼs stock of FX swaps, which the central bank uses to pump liquidity into the banking...

Telco

Magyar Posta to raise parcel delivery rates

State-owned Hungarian postal services company Magyar Posta will raise its domestic and international parcel delivery rates by an average of...

Telco

Auto showrooms reopening in May

In the first four months of this year, a total of 38,841 new cars received license plates, down 17% from...

Telco

OTP books HUF 4 bln Q1 loss

OTP Bank, Hungaryʼs biggest commercial lender, booked a HUF 4.1 billion loss in the first quarter as risk provisions ballooned...

Telco

Stockpiling ahead of lockdown supports Richter earnings growth in Q1

Hungarian drugmaker Gedeon Richterʼs first-quarter net income rose 31.7% year-on-year to HUF 29 billion as revenue climbed, lifted by stockpiling...

Telco

Industry insiders see ad revenue falling by around one-third

Advertising industry insiders expect the market to shrink about one-third this year, state news wire MTI reports, citing a survey...

Telco

FX, inventory losses put MOL in red in Q1

Hungarian oil and gas company MOL had a first-quarter loss of HUF 48.4 billion as FX and inventory losses weighed,...

Telco

Govʼt rechannels EU funding for economic defense measures

The government decided at a cabinet meeting on Wednesday to rechannel European Union funding earmarked for economic development to measures...

Telco

Net assets value of investment funds drops 5.6%

The net asset value of Hungarian investment funds fell by HUF 427 billion or 5.6% from February to HUF 7.191...

Telco

Average gross earnings at HUF 377,300 in February

Average gross earnings amounted to HUF 377,300 in February 2020, 9.1% higher than a year earlier, according to data by...

Telco

Hiventures launches rescue programs, fund

Hiventures Fund Manager is helping startups, small- and medium-sized businesses and large companies that are in trouble due to the...

Telco

Poland to invest EUR 6.6 bln in infrastructure in 2020

Polandʼs government intends to invest PLN 30 billion (EUR 6.6 bln) in roads and railway infrastructure in 2020, said Tomasz...

Telco

Insurance brokers see compulsory vehicle policy premiums rising 10%

Compulsory vehicle insurance premiums are expected to rise by around 10% this year, according to the Hungarian Association of Independent...

Telco

Bolt Food joins food courier boom

Bolt, formerly known as Taxify, has launched a home delivery service, Forbes.hu reports....

Telco

Baths association submits renewal proposals

The Hungarian Baths Association has developed a package of proposals for the restart of the bathing sector following the coronavirus...

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...