Telco

Telco

MNB FX swaps to edge up after tender

The stock of fine-tuning FX swaps of the National Bank of Hungary (MNB) will rise to a little over HUF...

Telco

Deficit reaches 64% of full-year target in March

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

Telco

Opus Global profit nears HUF 6 bln in 2017

Listed holding company Opus Global booked consolidated after-tax profit of HUF 5.9 billion last year, a big improvement over a...

Telco

Corporate lending up, retail loans down in February

The corporate lending stock of Hungarian banks rose HUF 66 billion to total HUF 6.641 trillion in February, climbing on...

Telco

Hungaryʼs Tungsram eyes annual revenue of USD 1 bln in ten years

Jörg Bauer, who agreed in February to buy the lighting business of General Electric (GE) in the Middle East, Africa...

Telco

Kopint-Tárki leaves 2018 GDP growth forecast at 4.0%

Economic research institute Kopint-Tárki said on Wednesday it is leaving its forecast for Hungaryʼs GDP growth this year unchanged at...

Telco

Deficit 2% of GDP in 2017, preliminary data shows

The deficit of the general government sector in 2017 was HUF 746.3 billion, equivalent to 2% of GDP, according to...

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

Bosch to expand transport R&D campus in Budapest

The local unit of German engineering giant Bosch will start building a new transport R&D center in Budapest in the...

Telco

Opus Global 2017 after-tax profit reaches HUF 6 bln

After-tax profit of listed holding company Opus Global reached HUF 6.0 billion last year, improving over a HUF 0.9 bln...

Telco

Vienna Insurance Group to merge units from April 1

Vienna Insurance Group (VIG) will merge its three Hungarian units from April 1, Hungarian group member Union Biztosító said on...

Telco

MNB FX swap stock edges up after tender

The stock of "fine-tuning" FX swaps of the National Bank of Hungary (MNB) rose by a slight HUF 3 billion...

Telco

Raiffeisen net profit up 81% in 2017

Raiffeisen Bank had net profit of HUF 28.5 billion last year, the largest ever profit in the history of the...

Telco

Lada Hungary targets 1,100 car sales this year

Lada Hungary targets sales of about 1,100 Lada brand cars this year, up from 1,060 in 2017, Managing Director András...

Telco

Richter board proposes HUF 68 per-share dividend

The board of drugmaker Gedeon Richter will propose to shareholders payment of a HUF 68 per-share dividend on last yearʼs...

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...