Telco

Telco

Deficit 14.2% of full-year target at end of March

Hungaryʼs general government, excluding local councils, ran a HUF 141.9 billion deficit at the end of March, the Ministry of...

Telco

Net corporate outlays reach HUF 105 bln in February

Hungarian lendersʼ net outlays to the corporate sector reached HUF 105 billion in February, data released by the National Bank...

Telco

2018 general deficit confirmed at 2.2% of GDP, under target

Hungaryʼs general government deficit - calculated according to EU accrual-based accounting rules - came to 2.2% of GDP last year,...

Telco

Avg. gross earnings at HUF 343,500 in January

In January 2019, average gross earnings amounted to HUF 343,500, and average net earnings without tax benefits to HUF 228,400,...

Telco

Alteo raises HUF 2 bln in private placement

Listed alternative energy company Alteo said on Monday it has raised HUF 2.0 billion through the issue of new shares...

Telco

Raiffeisen profit falls in 2018 on lower provisions release

Austrian-owned Raiffeisen Bank Zrt. booked after-tax profit of HUF 23 billion last year, down from HUF 28.5 bln in 2017,...

Telco

Hungary ICT sector revenue climbs 7% in 2018

Revenue of Hungaryʼs ICT sector rose 7.1% to HUF 3,398 billion last year, a summary of data compiled by the...

Telco

Magyar Telekom board proposes HUF 25 per-share dividend

The board of Magyar Telekom has formally proposed payment of a HUF 25 per-share dividend on last yearʼs earnings in...

Telco

Value of bank card purchases climbs more than one-fifth

The value of purchases made in Hungary with domestically issued bank cards rose 21% year-on-year to HUF 1,547.5 billion in...

Telco

MOL board to propose HUF 142.5 per-share dividend

The board of Hungarian oil and gas company MOL will propose to shareholders payment of a HUF 142.5 per-share dividend...

Telco

K&H Reports Strong Year’s Growth

With record profits and some innovations unique to the Hungarian market, K&H Bank ended a last year with a strong...

Telco

Hungary banking sector profits up 10% in 2018

Combined after-tax profits of Hungarian banks rose 10% to HUF 648 billion last year, according to data compiled by the...

Telco

Wabererʼs appoints new CEO

Listed road haulage company Wabererʼs International on Friday announced the appointment of a new CEO, Robert Ziegler, a former COO...

Telco

General govʼt maintains budget surplus to end of February

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 67.3 billion surplus at the end of February, the...

Telco

Insurersʼ premium revenues rise 7.1% in 2018

Hungarian insurersʼ revenues from premiums rose 7.1% in 2018 to HUF 1,024 billion, fresh data compiled by 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...