Telco

Telco

General government runs HUF 13.7 bln deficit in H1

Hungaryʼs general government ran a HUF 13.7 billion deficit in the first half of the year, equivalent to 0.1% of...

Telco

Erste Group net income in Hungary drops 27% in H1

Consolidated net income of the Hungarian business of Austriaʼs Erste Group dropped 27% to HUF 22.91 billion in the first...

Telco

Mészáros-controlled Konzum doubles assets in first half

Due to a capital increase announced last December, net assets of Konzum, the investment company controlled by Lőrinc Mészáros, surpassed...

Telco

Sziget Zrt. profits could reach HUF 1.5 bln in 2018

This year, profits of festival organizer Sziget Zrt. could again reach the record HUF 1.5 billion achieved two years earlier,...

Telco

Russian-Hungarian consortium inks giant rail deal in Egypt

Transmashholding Hungary, a Russian-Hungarian consortium, has signed a contract worth more than EUR 1 billion on the delivery of 1,300...

Telco

Deficit 121% of full-year target at end of August, ministry confirms

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1,646.2 billion deficit at the end of August, thus...

Telco

Hirschler Glas inaugurates HUF 413 mln production hall

Hungarian-owned vehicle rear view mirror maker Hirschler Glas inaugurated a HUF 413 million production hall at its base in Sopron...

Telco

Investment companiesʼ Q2 profit jumps 48%

Investment companiesʼ net profit rose 48% year-on-year to HUF 2.63 billion in Q2, data released by the National Bank of...

Telco

Gemtech to spend HUF 1bln on capacity expansion

Machinery company Gemtech will spend almost HUF 1 billion on purchasing machinery to expand production capacity in Napkor (249 km...

Telco

Budapest Bank posts HUF 9.2 bln after-tax profit in H1

Hungarian banking group Budapest Bank, owned by the state-owned Hungarian Development Bank (MFB), had HUF 9.2 billion consolidated after-tax profit...

Telco

Deficit rises to 121% of full-year target in August

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1,646.2 billion deficit at the end of August, the...

Telco

MOL raises diesel prices, now 15% higher than in February

Hungarian oil and gas company MOL will raise its wholesale diesel price by HUF 3 per liter from today, industry...

Telco

K&H Bank H1 profit climbs 40%

K&H Bankʼs consolidated first-half after-tax profit rose 40% year-on-year to HUF 31.5 billion, CEO David Moucheron said at a press...

Telco

MNB prepares to withdraw old HUF 1,000 bills

The National Bank of Hungary (MNB) issued a reminder on Tuesday that old HUF 1,000 bills, which have been replaced...

Telco

Provisions release raises CIB Bank profit

Consolidated first-half after-tax profit of CIB Bank, the local unit of Italyʼs Intesa Sanpaolo banking group, rose 25% year-on-year to...

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...