Telco

Telco

Higher sales, lower financial loss lift AutoWallis earnings

First-half after-tax profit of listed auto trader AutoWallis more than doubled to HUF 482 million, from HUF 176 mln in...

Telco

Deficit confirmed at 51.2% of full-year target for August

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 510.8 bln deficit at the end of August, reaching...

Telco

Second big petrol price hike in a week looms

Oil and gas company MOL announced rises in the price of petrol by HUF 7/liter and of diesel by HUF...

Telco

Competition Office clears Közgép-Duna Aszfalt merger

Hungaryʼs Competition Office (GVH) has cleared the merger of construction company Közgép with industry peer Duna Aszfalt, a resolution posted...

Telco

Value of bank card purchases up, but still below cash

The value of Hungarian purchases with bank cards continued to climb in the double-digits in the second quarter, but the...

Telco

Three companies accepted for 5G auction

Magyar Telekom, Telenor Magyarország and Vodafone Magyarország have been registered by Hungaryʼs National Media and Infocommunications Authority (NMHH) for the...

Telco

Hungary may launch 5G service this year, ITU chief says

Hungary could launch its high-speed 5G mobile network before the end of this year if plans remain on track, International...

Telco

Deficit reaches 51.2% of full-year target in August

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 510.8 billion deficit at the end of August, reaching...

Telco

Lendersʼ H1 profits down 1% to HUF 322 bln as costs rise

Hungarian lendersʼ consolidated combined first-half after-tax profit slipped 1% year-on-year to HUF 322 billion as costs rose, sector data released...

Telco

Higher sales volume, narrower financial loss lift PannErgy profit

Higher sales volume and a smaller financial loss boosted listed alternative energy company Pannergyʼs first-half after-tax net income to HUF...

Telco

Hiventures launches venture capital unit for overlooked SMEs

Hiventures, the venture capital fund manager of the Hungarian Development Bank (MFB), has announced the creation of a unit with...

Telco

Daubner sees 4.2% rise in after-tax profit

The well-known Hungarian confectionery Daubner Cukrászda said its net sales in 2018 amounted to HUF 1.7 billion, some 8% less...

Telco

Alteo releases H1 earnings, announces planned bond issue

First-half consolidated after-tax profit of listed alternative energy firm Alteo Nyrt. rose 37% year-on-year to HUF 483 million, lifted by...

Telco

Wages up 10.6% year-on-year

In June 2019, average gross earnings amounted to HUF 364,800, 10.6% higher than a year earlier, with average gross earnings...

Telco

Insurersʼ premiums revenue climbs almost 10% in Q2

Hungarian insurersʼ combined revenue from premiums rose 9.6% year-on-year to HUF 275.1 billion in the second quarter, the National Bank...

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...