Telco

Telco

Hiventures among most active investment funds

Hungarian state-owned venture capital investment fund Hiventures has not only closed a successful year, but has been ranked by two...

Telco

Corporate, retail lending up in March

Including bonds, the corporate lending stock of Hungarian banks amounted to HUF 6,719.2 billion in March, up HUF 78.2 bln...

Telco

MOL Q1 profit falls 36% as margins shrink

First-quarter net income of oil and gas company MOL fell 36% year-on-year to HUF 60.3 billion as margins narrowed, an...

Telco

Erste Bank Hungary earnings up 26% in 2017

Consolidated net income of Erste Bank Hungary rose 26% to HUF 54.8 billion last year, an earnings report posted on...

Telco

TakarékBank profit climbs in 2017

After-tax profit of TakarékBank, the "central bank" for Hungaryʼs savings cooperatives, rose to HUF 5.79 billion last year, almost doubling...

Telco

Eximbank after-tax profit over HUF 4.6 bln in 2017

State-owned Hungarian Eximbank had HUF 4.62 billion after-tax profit in 2017, up from HUF 747 million in 2016, the financial...

Telco

MFB total assets, net profit shrinks as Főgáz leaves group

Consolidated total assets of the state-owned Hungarian Development Bank (MFB) fell by 14% to HUF 1,308.4 billion at the end...

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

MNB FX swap stock to edge up after tender

The stock of fine-tuning FX swaps of the National Bank of Hungary (MNB) will rise to around HUF 1,586 billion...

Telco

Deficit over 64% of full-year target at end of March

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 871.9 billion deficit at the end of March, the...

Telco

Pharma association head calls for new industry strategy

The head of the Hungarian Pharmaceutical Manufacturersʼ Association (Magyosz) called for the formulation of a national strategy for the pharmaceutical...

Telco

OTP shareholders okay HUF 219 per-share dividend

Shareholders of OTP Bank, Hungaryʼs biggest commercial lender, approved payment of a HUF 219 per-share dividend on last yearʼs earnings...

Telco

MNB FX swap stock to edge up after tender

The stock of fine-tuning FX swaps of the National Bank of Hungary (MNB) will rise to around HUF 1,562 billion...

Telco

Banking sector liquidity down in March

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

Telco

Kométa turnover exceeds HUF 43 bln in 2017

As one of the countryʼs leading meat processing companies, Kométa 99 Zrt. (based in Kaposvár, SW Hungary), had turnover of...

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...