Telco

Telco

Castle and palace renovation program to start this year

By the end of this year, restoration work on 15 castles and palaces in Hungary will begin, according to the...

Telco

K&H net income edges down on base effect of VISA sale

K&H Bank, owned by KBC Bank of Belgium, had first-half net income of HUF 22.5 billion, down 2.1% from the...

Telco

Hungarians love shopping abroad

A growing number of Hungarians do their shopping in neighboring countries and the amount of money they spend abroad is...

Telco

Corporate lending stock of Hungarian banks up in July

The corporate lending stock of Hungarian banks rose slightly from the previous month in July, as net corporate borrowing more...

Telco

Government expands electric vehicle subsidies

The government is raising the electric vehicle subsidy threshold for corporate fleets from five to 35 vehicles, István Lepsényi, state...

Telco

Govʼt raises capital of Széchenyi Venture Capital Fund

Hungaryʼs government has raised the capital of the EU-supported Széchenyi Venture Capital Fund, established by the state to invest in...

Telco

Banking sector profitability slightly up in H1

Hungarian banksʼ combined after-tax profits at the end of the first half of 2017 came to HUF 362.9 billion, compared...

Telco

Dunaferr on right track to achieve production plans

Hungarian steel maker ISD Dunaferr, which has been struggling for a long time to become profitable, recently reported that it...

Telco

Rába posts revenues of HUF 21.6 bln in first half

Hungarian automotive industry concern Rába recorded revenues of HUF 21.6 billion in the first half of 2017, up 5.4% from...

Telco

Univer inaugurates giant tomato-processing plant

Hungarian condiments maker Univer Product Zrt. (based in Kecskemét, central Hungary) inaugurated a HUF 4.3 billion tomato processing plant Thursday,...

Telco

Three-month MNB depo stock cut by HUF 50 bln to HUF 450 bln

The National Bank of Hungary (MNB) accepted placements of HUF 125 billion in its three-month deposit facility at a tender...

Telco

Old HUF 1,000 bill to be withdrawn by November 2018

A new HUF 1,000 bill with enhanced security features will become legal tender tomorrow, but will only enter into circulation...

Telco

Hungariansʼ gross wages climb 14.4% in June

In June 2017, average gross nominal monthly earnings amounted to HUF 297,300, 14.4% higher than a year earlier, the Central...

Telco

HUF 100 bln EUR/HUF swap keeps outstanding stock unchanged

The National Bank of Hungary (MNB) allotted HUF 100 billion of one-month forint swaps against euros, in line with expiries,...

Telco

Budapest Bank profit drops, total assets rise in H1

Hungaryʼs state-owned Budapest Bank groupʼs first-half after-tax profit dropped 29% to HUF 9.9 billion, while total assets rose 5% to...

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...