Telco

Telco

Retail chains expand, small shops suffer

The Hungarian unit of French retailer Auchan projects a more than 10% increase in net turnover this year, CEO Dominique...

Telco

GVH reduces fines on banks for cartel activity

The Hungarian Competition Authority (GVH) on Wednesday said it is fining eight banks in Hungary a total of nearly HUF...

Telco

Gross wage growth reaches 11.2% in June

In January–June 2018, average gross monthly earnings amounted to HUF 324,400 and average net earnings to HUF 215,700, both growing...

Telco

Takarék Mortgage Bank H1 profit climbs

Takarék Mortgage Bank, formerly named FHB Bank, had first-half after-tax profit of HUF 4.1 billion, improving from just under HUF...

Telco

Banking sector liquidity narrows further in July

Forint liquidity of Hungaryʼs banking sector narrowed in July from a month earlier, which was mainly reflected in a decrease...

Telco

OTP Q2 earnings better than expected

Second-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 11% year-on-year to HUF 89.5 billion as business volume...

Telco

Profit, mobile turnover up at Magyar Telekom

Magyar Telekomʼs second-quarter consolidated group net income amounted to HUF 14.5 billion, according to international accounting standards, up 40.6% from...

Telco

Financial loss weighs on MOL profits

Hungarian oil and gas company MOLʼs second-quarter revenue climbed year-on-year but net income fell 18% to HUF 72.9 billion because...

Telco

Drug maker Richterʼs earnings lifted in Q2

Second-quarter net income of Hungarian drugmaker Gedeon Richter nearly tripled to HUF 24.3 billion from HUF 8.4 bln in the...

Telco

MOL acquires bus company ITK

Hungarian oil and gas company MOL on Tuesday said it is acquiring a majority stake in bus company ITK Holding....

Telco

Digi follows growth path

Following the acquisition of Invitel Távközlési Zrt., teleco Digi group has become market leader in the television broadcast segment and...

Telco

Deficit exceeds full-year target at the end of June

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1.420 trillion deficit at the end of June, representing...

Telco

Average gross earnings over 10% higher year on year

Average gross earnings were 10.9% higher in May than a year earlier, amounting to HUF 327,500, the Central Statistical Office...

Telco

OTPʼs Simple logs over 146 years of parking time in H1 2018

OTP Mobil’s payment solutions registered a record semester in the first half of 2018, with Simple by OTP doubling its...

Telco

Banking sector liquidity narrows in June

Forint liquidity of Hungaryʼs banking sector narrowed in June from a month earlier, which was mainly reflected in a decrease...

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...