Telco

Telco

Bourse after-tax profit more than doubles

The Budapest Stock Exchange (BÉT) had after-tax profit of HUF 176.3 million in 2017, more than double the HUF 72.9...

Telco

Average gross earnings up over 12% y-o-y in Q1

In March 2018, average gross monthly earnings of Hungarians amounted to HUF 331,500, a 11.3% increase year-on-year, the Central Statistical...

Telco

MNB FX swap stock to rise after tender

The stock of fine-tuning FX swaps of the National Bank of Hungary (MNB) will rise to around HUF 1,899 billion...

Telco

Deficit close to 80% of 2018 target, ministry confirms

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1.0814 trillion deficit as of the end of April,...

Telco

Higher revenues lift Rába Q1 profit

Hungarian automotive industry company Rábaʼs first-quarter after-tax profit more than doubled to HUF 396 million, up from HUF 173 mln...

Telco

Uniqa Insurance grows pre-tax profit

Uniqa Insurance had pre-tax profit of HUF 820 million last year, up from HUF 225 mln a year earlier, CEO...

Telco

Tender raises ‘fine-tuning’ FX swap stock to HUF 1,810 bln

The National Bank of Hungary (MNB) injected HUF 100 billion of forint liquidity into the Hungarian banking system through the...

Telco

MNB reports banking sector liquidity down in April

Forint liquidity of Hungaryʼs banking sector fell in April from a month earlier, which was mainly reflected in declines in...

Telco

OTP Q1 profit boosted by business abroad

First-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, jumped 23% year-on-year to HUF 65.1 billion, as foreign businesses...

Telco

MNB tender raises ‘fine-tuning’ FX swap stock

The National Bank of Hungary (MNB) on Friday injected HUF 19.4 billion forint liquidity into the Hungarian banking system through...

Telco

MNB allocates HUF 50 bln of MIRS at tender

The National Bank of Hungary (MNB) allocated HUF 50 billion of its monetary policy interest rate swaps (MIRS) designed to...

Telco

Csányi still Hungaryʼs richest, Mészáros closing in

Sándor Csányi, the agribusiness magnate and chairman-CEO of OTP Bank, remains at the top of news portal Napi.huʼs list of...

Telco

MTel growth stable and assured, says CEO

Magyar Telekomʼs growth is stable and assured, outgoing CEO Christopher Mattheisen said at a press conference Wednesday, a day after...

Telco

Richter financial loss weighs on earnings

Hungarian drugmaker Gedeon Richterʼs first-quarter net income fell 30% year-on-year to HUF 14.5 billion, dragged down by financial losses even...

Telco

Tender raises ‘fine-tuning’ FX swap stock to HUF 1,720 bln

The National Bank of Hungary (MNB) on Monday injected HUF 150 billion forint liquidity into the Hungarian banking system through...

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...