Telco

Telco

MNB allots HUF 180 bln at EUR/HUF swap tender

The National Bank of Hungary (MNB) allotted a combined HUF 179.7 billion of swaps against euros at a tender on...

Telco

General govʼt deficit passes full-year target in September

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1,236.3 billion deficit at the end of September, "in...

Telco

MTel to cut staff, raise wages

Magyar Telekom (MTel) on Wednesday said it would lay off 350 staff under an agreement reached with trade unions on...

Telco

Corporate and retail lending climb in August – MNB

Hungarian banksʼ stock of corporate loans, as well as deposits, rose in August from the previous month, fresh data from...

Telco

Opus Global profits climb; listed on Prime Market

Holding company Opus Global Nyrt. booked H1 after-tax profit of HUF 2.09 billion, a marked improvement from a HUF 767...

Telco

Electricity consumption reached record high this summer

According to data provided by MAVIR (the Hungarian Independent Trans­mission Operator Company), between June and August this year electricity consumption...

Telco

VAT gap shrinking in Hungary

Beginning with the introduction of online cash tills reporting direct to the tax authorities in 2014, tax evasion has decreased...

Telco

Government investment expenditures rising

Hungaryʼs general government ran a surplus of HUF 270.5 billion  in the first half of 2017, equivalent to 1.5% of...

Telco

BP opens 2nd Hungarian shared services center in Szeged

British multinational oil and gas company BP, formerly known as British Petroleum, opened a shared services center with a staff...

Telco

Government debt at 74% of GDP at end of H1 – ÁSZ

The government debt to GDP ratio stood at 74% at the end of the first half of the year, calculated...

Telco

Several new investments unveiled on Friday

Several companies inaugurated new facilities in Hungary last Friday. The Hungarian government contributed with grants to some of the investments,...

Telco

MNB allots more than HUF 116 bln at EUR/HUF swap tender

The National Bank of Hungary (MNB) allotted a combined HUF 116.4 billion of swaps against euros at a tender on...

Telco

Deficit approaching full-year budgeted amount

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 979.9 billion deficit at the end of August, 84%...

Telco

Samsonite opens second factory in Hungary

Luggage manufacturer and retailer Samsonite is opening its second assembly plant in Hungary, creating some 100 new jobs and manufacturing...

Telco

MNB rate-setters set final three-month depo cap at HUF 75 bln

The Monetary Council of the National Bank of Hungary (MNB) reduced the limit on the stock of three-month deposits, the...

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...