Telco

Telco

Retail govʼt security stock grows HUF 29.6 bln in Q1

The outstanding stock of forint retail government securities rose HUF 29.6 billion to nearly HUF 9.104 tln in the first...

Telco

MNB adopts further anti-cyclical easing measures

The Financial Stability Council (FSC) of the National Bank of Hungary (MNB) decided on Thursday that it will adopt further...

Telco

Govʼt to lower VAT on brownfield home construction to 5%

Hungaryʼs government will lower the VAT rate for home construction at brownfield sites to 5% from 27%, Gergely Gulyás, the...

Telco

Hungary ICT sector revenue climbs 6.6% in Q4

Revenue of Hungaryʼs ICT sector rose 6.6% year-on-year to HUF 1,047 billion in the fourth quarter, state news wire MTI...

Telco

Gen govʼt deficit swells in March on pandemic measures

Hungaryʼs cash flow-based general government deficit, excluding local councils, reached HUF 831.9 billion at the end of March, the Finance...

Telco

Epidemic costs store chains at least HUF 25-30 bln

In addition to rising purchase prices and labor costs, direct extraordinary expenses due to the coronavirus epidemic have cost store...

Telco

5G Rollout Starts, Leaving Full Potential Leverage to the Future

Although there are sceptics with adverse feelings, a common phenomenon with emerging new technologies, the tech-savvy maintain high hopes for...

Telco

Further Measures of Economic Plan Disclosed

While the economic effects caused by the coronavirus pandemic could not be observed in the February industrial output data, COVID-19...

Telco

Govʼt issues decree on pandemic defense funding

Hungaryʼs government has issued a decree detailing budget resources and allocations earmarked for defending against the novel coronavirus and protecting...

Telco

Bourse turnover jumps on pandemic fears in March

Monthly turnover on the Budapest Stock Exchange reached HUF 500.8 billion in March, up from HUF 302.4 bln in February...

Telco

Gen govʼt deficit at 2% of GDP in 2019

According to preliminary data, the deficit of the general government sector in 2019 was HUF 958 billion, 2% of GDP,...

Telco

Average gross earnings at HUF 375,200 in January

In January 2020, both average gross earnings and average net earnings grew by 9.2% compared to the same month of...

Telco

AutoWallis to acquire largest Hungarian Opel dealership

The Board of Directors of AutoWallis Plc. has decided to acquire Wallis Kerepesi Kft., the operator of the largest Opel...

Telco

Duna House changes dividend proposal in light of pandemic

The board of listed real estate broker Duna House said it changed its dividend proposal because of uncertainty surrounding the...

Telco

Gasoline prices to drop below HUF 300 on Friday

The cost of gasoline will be decreased by HUF 10/liter from Friday, lowering the average price to HUF 298/liter, according...

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...