Telco

Telco

Advance payments on EU funding lift deficit

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1,639.0 billion deficit by the end of November, lifted...

Telco

Stock of 3-month deposits hits end-of-quarter target

The National Bank of Hungary (MNB) accepted HUF 25 billion of placements in its three-month deposits for banks at a...

Telco

Wages in Hungary grow fast in 2017

In October 2017, average gross earnings amounted to HUF 295,800, 12.8% higher than a year earlier, the Central Statistical Office...

Telco

Foreign firms generate 64% of IT sector revenues

Foreign-owned non-financial companies posted a combined total of HUF 45,000 billion sales revenues in Hungary in 2016, 2.3% less in...

Telco

Net sales of retail govʼt securities HUF 2.5 bln in November

Net sales of forint-denominated government securities targeted at retail investors came to HUF 2.5 billion in November, bringing the total...

Telco

MOL to launch car sharing service next year

National oil and gas company MOL will start a new car sharing service in Budapest from next year. Customers will...

Telco

Investments declining in SME sector

Hungaryʼs small and medium-sized enterprises (SMEs) employed close to two million people last year, contributing 43% of added value, 42%...

Telco

Banking sector liquidity down in November

Forint liquidity of Hungaryʼs banking sector fell in November from a month earlier, mainly reflected in declines in the average...

Telco

Videoton to build new production facility in Székesfehérvár

Electronics manufacturer Videoton EAS on Tuesday laid the cornerstone for a HUF 5 billion production hall in Székesfehérvár. The company...

Telco

SMEs begin applying for funds for tech development

Micro and small and medium-sized enterprises (SMEs) may submit applications from today for a total of HUF 17 billion in...

Telco

Tender raises ‘fine-tuning’ FX swap stock to HUF 1,506 bln

The National Bank of Hungary (MNB) injected a gross HUF 75 billion, or net HUF 50 bln, forint liquidity into...

Telco

ÁKK accepts no bids at six-week T-bill auction

The Government Debt Management Agency (ÁKK) planned to sell HUF 30 billion of discount six-week T-bills at a liquidity auction...

Telco

Hungarians spending more on life insurance

Insurance companies registered a significant increase in revenues from life insurance in Q3, while the expenses connected with them barely rose....

Telco

Tesco agrees average 10% wage hike

Supermarket chain Tesco has reached an agreement with workersʼ unions on overall average wage hikes of close to 10% from...

Telco

Tender raises ‘fine-tuning’ FX swap stock to HUF 1.455 tln

The National Bank of Hungary (MNB) injected a gross HUF 100 billion or net HUF 50 bln forint liquidity into...

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...