Telco

Telco

General govʼt closes January with budget surplus

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 244.5 billion surplus at the end of January, the...

Telco

Richter rebounds from Esmya losses in Q4

Hungarian drugmaker Gedeon Richter on Thursday reported a net loss of HUF 16.4 billion in the fourth quarter of 2018,...

Telco

Hauni Hungaria invests HUF 5.7 bln in Pécs

German-owned Hauni Hungaria, which makes machinery for the tobacco industry, will invest HUF 5.7 billion at its base in Pécs...

Telco

Corporate lending stock falls in December

The corporate lending stock of Hungarian banks fell in December from the previous month on net repayments and revaluations, fresh...

Telco

ÁKK to add short-term security, pension bond to retail mix

Hungaryʼs Government Debt Management Agency (ÁKK) plans to expand its product palette with a short-term retail security, as well as...

Telco

2018 Black Friday sales were up 20%

Based on the latest results of its survey conducted on Christmas shopping, internet research firm eNET said the end of...

Telco

General govʼt deficit falls to 106% of target at yearʼs end

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1,445.1 billion deficit as of the end of December...

Telco

Gross wages up 10.4% y-o-y in November

In November 2018, average gross monthly earnings amounted to HUF 355,100, a 10.4% increase compared to November 2017, according to...

Telco

FAG inaugurates bearings factory in Debrecen

FAG Hungary, the local unit of Germanyʼs Schaeffler Group, has inaugurated a HUF 25 billion bearings factory in Debrecen, eastern...

Telco

Banking sector liquidity up, 3-month depos phased out in Dec

Forint liquidity of Hungaryʼs banking sector rose in December 2018 from a month earlier, which was mainly reflected in the...

Telco

Mahart orders boats worth HUF 1.5 bln from Nicols

State-owned Hungarian passenger shipping company Mahart has acquired 20 boats from French company Nicols for HUF 1.5 billion in a...

Telco

VAT revenue climbs more than HUF 400bln in 2018

Revenue from VAT rose HUF 403 billion last year, an increase supported by the introduction of mandatory electronic invoicing mid-year,...

Telco

Corporate lending by Hungarian banks up in November

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

Telco

General govʼt runs 0.4%-of-GDP deficit in Q1-Q3

The deficit of the general government sector in the first three quarters of 2018 was HUF 110 billion, representing 0.4%...

Telco

Mészáros becomes richest Hungarian

Government-connected oligarch Lőrinc Mészáros tops Forbesʼ latest list of the 50 richest Hungarians with total assets amounting to HUF 381.3...

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...