Telco

Telco

Retail lending stock of banks edges down in October

The retail lending stock of Hungarian banks was down in October compared to the previous month, fresh data from the...

Telco

Hungarian banksʼ corporate lending up slightly in October

The corporate lending stock of Hungarian banks edged up in October from the previous month, according to fresh data from...

Telco

Banking sector profit climbs 19% in Q1-Q3

The combined after-tax profits of Hungaryʼs banking sector rose 19% year-on-year to HUF 495.8 billion in the first three quarters...

Telco

Tender lowers ‘fine-tuning’ FX swaps

The National Bank of Hungary (MNB) on Monday injected HUF 184.08 billion liquidity into the Hungarian banking system through the...

Telco

Brisk business on Black Friday, despite modest price reductions

Black Friday sales in Hungary confirmed estimates that they would greatly contribute to full-year sales of participating sellers. However, promotional...

Telco

Investment fundsʼ net assets climb over HUF 6,300 bln in Q3

The combined net asset value of investment funds in Hungary rose 7.2% to HUF 6,303.2 bln in the twelve months...

Telco

Banks place HUF 25 bln in 3-month MNB deposits

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

Telco

Security printer ANY sees modest rise in net income

ANY Security Printing Company had consolidated net income of HUF 852 million in the first three quarters of 2017, up...

Telco

Gross wages up 13.6% y-o-y in September

In January-September 2017, both gross and net earnings grew to the same extent, by 12.8% compared to the corresponding nine-month...

Telco

Only one in five SMEs involved in exports – survey

Only 19% of Hungarian small- and medium-sized enterprises (SMEs) export their products, according to a survey published yesterday, commissioned by...

Telco

Ministry confirms HUF 1.418 tln deficit at end of October

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1.418 trillion deficit at the end of October, the...

Telco

K&H Bank income grows even with low base rate

K&H Bank recorded net income of HUF 32.2 billion in the first three quarters of 2017, including net income of...

Telco

CIG Pannónia premium revenues, profits up

Q1-Q3 revenues from premiums of Hungarian insurer CIG Pannónia  Group rose 41% year-on-year to HUF 18.6 billion, the company said...

Telco

Net household savings ratio rises for first time since 2015

Hungaryʼs rolling four-quarter net household financial savings ratio rose to 4.6% of GDP in the third quarter of 2017, up...

Telco

Indiaʼs SMG opens car bumper plant

Indian automotive industry supplier Samvardhana Motherson Group (SMG) inaugurated a bumper plant in Kecskemét, central Hungary, on Thursday, Hungarian news...

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...