Telco

Telco

BGE launches HUF 1 bln innovation center in Zalaegerszeg

The Budapest Business Schoolʼs (BGE) faculty in Zalaegerszeg (227 southwest of Budapest) launched a nearly HUF 1 billion Innovation and...

Telco

Stockpiling before tax changes lifts Zwack profit

After-tax profit of Zwack Unicum, Hungaryʼs best-known spirits maker, rose 20% year-on-year to HUF 2.6 billion in the firmʼs business...

Telco

Ministry reaches out to SMEs to develop govʼt strategy

The governmentʼs support strategy for SMEs is being developed after extensive social consultations, said State Secretary for Economic Planning and...

Telco

Deficit confirmed at 3.9% of full-year target by end of April

Hungary’s general government, excluding local councils, ran a HUF 39 billion deficit at the end of April, reaching just 3.9%...

Telco

UkrTransNafta resumes oil deliveries through Druzhba pipeline

Ukraineʼs UkrTransNafta resumed deliveries of Russian crude to Hungary through the Druzhba pipeline on Tuesday after receiving notification from the...

Telco

CIG Pannónia Q1 profit falls as premiums revenue stagnates

Insurer CIG Pannóniaʼs first-quarter after-tax profit fell 16% year-on-year to HUF 508 million as revenue from premiums was flat, an...

Telco

AutoWallis raises capital in subsidiary

The board of directors of listed company AutoWallis has increased the equity of its subsidiary, Wallis Automotive Europe (WAE) Kft....

Telco

K&H Bank Q1 profit falls on one-offs

K&H Bank, the Hungarian unit of Belgiumʼs KBC, had first-quarter after-tax profit of HUF 12.2 billion, down 19% year-on-year, the...

Telco

4iG reaches HUF 280 mln after-tax profit in Q1

Listed IT company 4iG had HUF 280.5 million after-tax profit in the first quarter of 2019 compared to a HUF...

Telco

BAMOSZ investment fund assets reach HUF 6,378 bln

Assets of investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) reached...

Telco

Mercedes factory expansion suspended

Due to problems facing the German automotive industry, several large manufacturers are rethinking their plans, with temporary changes meaning that...

Telco

Hungary pays Rosatom HUF 9.66 bln for Paks in March

Paks II, the project company for the upgrade of the Paks Nuclear Power Plant, paid Russiaʼs Rosatom, the general contractor...

Telco

Alteo plans to refinance expiring bonds

Listed alternative energy company Alteo plans to place privately at most HUF 1.5 billion in bonds to refinance its 2019/I...

Telco

Infineon invests at Cegléd plant

German semiconductor maker Infineon Technologies is investing HUF 32 billion at its plant in Cegléd, creating 275 jobs, in an...

Telco

Richter earnings rise on financial gains

First-quarter net income of drugmaker Gedeon Richter rose 52% year-on-year to HUF 22 billion, lifted by financial gains, an earnings...

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...