Telco

Telco

Duna House Q3 profit climbs 54%

Third-quarter after-tax profit of listed real estate broker Duna House climbed 54% year-on-year to HUF 293 million, an earnings report...

Telco

MNB fines lenders for oversight shortfalls

The National Bank of Hungary (MNB) has fined MKB Bank and savings cooperatives Nyugat Takarék Szövetkezet and Pátria Takarékszövetkezet for...

Telco

Deficit reaches 123% of full-year target at end of October

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1,678 billion deficit at the end of October, the...

Telco

Gross wages up 10.4% in September

The average gross monthly wage in Hungary rose 10.4% year-on-year to HUF 322,752 in September, the Central Statistical Office (KSH)...

Telco

MNB FX swap stock remains close to HUF 2 tln

The stock of fine-tuning FX swaps of the National Bank of Hungary (MNB) will remain at around HUF 1.987 trillion...

Telco

Series of capital raises lift Opus net worth more than HUF 200 bln

The board of Opus Global, controlled by the investor Lőrinc Mészáros, decided on the final steps of a series of...

Telco

Decision time for Altera as Wallis enters bourse

In mid-December, Altera will reach an important milestone in its transformation as Wallis’s automotive group enters the Budapest Stock Exchange...

Telco

State assets, sports get HUF 5.8 bln more

The government decided to transfer HUF 5.83 billion with immediate effect from budget money set aside to provide finance for...

Telco

Banking sector liquidity narrows further

The forint liquidity of Hungary’s banking sector narrowed further in October from a month earlier, mainly reflected in a decrease...

Telco

Construction company Közgép sold to Duna Aszfalt

Businessman Zsolt Nyerges on Saturday announced the sale of construction firm Közgép to Duna Aszfalt, owned by László Szíjj, state...

Telco

MNB allocates HUF 20 bln of MIRS

The National Bank of Hungary (MNB) allocated HUF 20 billion of monetary policy interest rate swaps (MIRS) designed to flatten...

Telco

OTP earnings in Q3 up 8% year-on-year

Third-quarter consolidated after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 8% year-on-year to HUF 85.9 billion as its...

Telco

Magyar Telekom Q3 profits fall as margins narrow

Third-quarter net income of Magyar Telekom fell an adjusted 23.3% year-on-year to HUF 13.9 billion as costs climbed faster than...

Telco

Richter Q3 profit plunges as revenues drop

Third-quarter net income of Hungarian drugmaker Gedeon Richter fell 44.1% year-on-year to HUF 8.8 billion as revenues dropped and administrative...

Telco

Zwack profit up over 27% in H1

After-tax profit of Zwack Unicum, Hungaryʼs best-known spirits maker, rose 27.4% year-on-year to HUF 1.13 billion in the first half...

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...