Telco

Telco

Shopping spree lifts Q1 OTP profits

First-quarter after-tax profit of OTP Bank climbed 12% year-on-year to HUF 72.6 billion, lifted by the consolidation of acquisitions, an...

Telco

General govʼt deficit reaches 3.9% of full-year target

Hungaryʼs general government, excluding local councils, ran a HUF 39 billion deficit at the end of April, some 3.9% of...

Telco

Higher costs drag MTel earnings lower in first quarter

First-quarter after-tax profit of Magyar Telekom dropped 58% year-on-year to HUF 4.0 billion as costs outpaced revenue growth, an earnings...

Telco

Corporate lending stock of Hungarian banks up in March

The corporate lending stock of Hungarian banks rose in March from the previous month mainly due to transactions, show fresh...

Telco

AutoWallis decides on new board member, dividends

At the annual meeting of AutoWallis several important issues such as dividend payments were decided by the companyʼs shareholders  besides...

Telco

MOL Q1 earnings decline on narrower margins

Hungarian oil and gas company MOLʼs first-quarter net income fell 19% to HUF 48.6 billion from the same period a...

Telco

MFB total assets at HUF 1,228 bln in 2018

Total assets of the state-owned Hungarian Development Bank (MFB) stood at HUF 1,228 billion at the end of last year,...

Telco

Gross wages climb 12.1% in February

The average gross wage for full-time workers in Hungary rose 12.1% year-on-year to HUF 345,900 in February, the Central Statistical...

Telco

MKB Bank profit up over 30% in 2018

After-tax profit of MKB Bank rose more than 30% to HUF 25.1 billion last year, Chairman-CEO Ádám Balog said at...

Telco

Richter shareholders approve HUF 100 per-share dividend

Shareholders of Hungarian drugmaker Gedeon Richter approved a proposal to pay a HUF 100 per-share dividend on last yearʼs earnings...

Telco

Clasman wins HUF 660 mln EU funding

Hungarian company Clasman has won European Union funding of almost HUF 662 million to develop multifunctional portable buildings, according to...

Telco

Duna House shares hit record height

Shares in real estate agency Duna House, listed in the Equities Prime category of the Budapest Stock Exchange (BÉT), climbed...

Telco

MOL shareholders approve dividend

Shareholders of Hungarian oil and gas company MOL approved a proposal to pay a HUF 142.5 per-share dividend on last...

Telco

MTel shareholders approve HUF 25 per-share dividend

Shareholders of Magyar Telekom approved a proposal to pay a HUF 25 per-share dividend on last yearʼs earnings at an...

Telco

AutoWallis blames WLTP for lower profits

After-tax profit of Budapest Stock Exchange-listed car dealer AutoWallis fell 58% to HUF 0.8 billion last year, an audited 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...