Telco

Telco

Government deficit reaches HUF 851.4 bln in July

Hungary's cashflow-based general government deficit, excluding local councils, reached HUF 851.4 bln at the end of July, a first reading...

Telco

Rába Q2 profit fall fourfold on rising cost of sales

Hungarian automotive industry company Rába had after-tax profit of HUF 260.9 mln in the second quarter of 2014, down from...

Telco

KSH: Trade surplus at €610 mln in June

June was another good month for Hungary’s trade balance. The country had a €609.7 mln trade surplus, up by €72...

Telco

KBC: €231 mln provision to cover borrowers’ relief

Belgian KBC Group booked a €231 mln provision in Q2 for covering the effect of the recently approved borrowers' relief...

Telco

Magyar Telekom’s profit down

Magyar Telekom’s (MT) profits and revenue dropped in the second quarter, the company’s consolidated IFRS published today shows....

Telco

Graboplast to become Plc

The owners of Hungarian specialty flooring maker Graboplast have decided to transform the company into a public limited company (Nyrt)...

Telco

Speech recognition drug system to be developed

Two Hungarian companies are currently developing a drug recommendation system for pharmacies, which is based on speech recognition, project coordinator...

Telco

Zwack Unicum Q1 profit falls 2.5%

Hungarian spirits maker Zwack Unicum had after-tax profit of HUF 335 mln in the first quarter of the company's 2014-2015...

Telco

Altoterra inaugurates HUF 150 mln fertilizer plant

Hungarian-owned Altoterra today inaugurated a HUF 150 mln artificial fertilizer mixing plant in Újszilvás....

Telco

State venture capital fund invests HUF 5 bln

The Széchenyi Capital Investment Fund (SZTA), a venture capital fund established by the state to support SMEs, has invested some...

Telco

Gróf és Társa develops hydropower turbines

Hungarian engineering company Gróf és Társa is developing turbines that can be used in hydroelectric power plants on smaller rivers...

Telco

Intesa Sanpaolo to increase capital HUF 15.4 bln

Italian Intesa Sanpaolo, the parent bank of Hungarian CIB Bank, is raising capital at its Hungarian unit, by HUF 15.4...

Telco

E-commerce booms in Hungary

Though electronic commerce reaches only 3% in Hungary as compared to Austria’s 9%, the growth of e-commerce has been greater...

Telco

MOL to cut cost of petrol, raise diesel prices

Hungarian oil and gas company MOL will lower its petrol prices but raise the price of diesel on Wednesday, MTI...

Telco

Magyar Telekom to lay off 1,700 workers

Magyar Telekom, the subsidiary of Deutsche Telekom, declared 1,700 workers redundant following negotiations with worker-advocacy groups, the Hungarian service provider...

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...