Telco

Telco

Magyar Posta revenues up, profit down in 2016

Revenues of Magyar Posta edged up 1% to HUF 191 billion last year, the state-owned postal company told MTI. After-tax...

Telco

Banking sector profits fall in Q1 as operating costs climb

Hungarian banksʼ combined after-tax profits fell 9% year-on-year to HUF 175 billion in the first quarter as operating costs jumped,...

Telco

SZHISZ acquires additional supervisory powers

Many of the prudential supervisory powers of the National Bank of Hungary (MNB) over savings cooperatives will be transferred to...

Telco

MNB allots HUF 200 bln at EUR/HUF swap tenders

The National Bank of Hungary (MNB) allotted HUF 200 billion of forint swaps against euros at tenders on Monday, the...

Telco

Investment fundsʼ net assets climb over HUF 6.1 tln

The net asset value of investment funds in Hungary rose 5% to HUF 6.105 trillion in the 12 months to...

Telco

Garantiqa surety stock climbs 21% in 2016

Garantiqa Hitelgaranciaʼs surety stock rose 21% to HUF 443 billion in 2016, Hungaryʼs biggest credit guarantor said on Friday, according...

Telco

PIO-21 makes buyout offer for BIF

Holding company PIO-21 has made a public buyout offer for all of the shares of the Budapest Stock Exchange-listed property...

Telco

Duna House Q1 sales jump 37% but profit edges down

Real estate company Duna Houseʼs first-quarter after-tax profit edged down 9% year-on-year to HUF 266 million, an earnings report released...

Telco

State lotto companyʼs revenue HUF 385.5 bln in 2016

Revenue of state-owned lottery company Szerencsejáték rose 10% to HUF 385.5 billion last year, it told MTI....

Telco

Zwack board proposes HUF 1,050 dividend

The board of spirits maker Zwack Unicum will propose to shareholders payment of a dividend of HUF 1,050 per share...

Telco

Three-month depo stock falls further

The National Bank of Hungary (MNB) accepted HUF 175 billion of placements in its three-month deposits for banks at a...

Telco

Magyar Telekom buys back treasury shares

Magyar Telekom announced Tuesday it had purchased 60,426 treasury shares on the Budapest Stock Exchange (BSE) on May 22 for...

Telco

MNB allots combined HUF 100 bln at EUR/HUF swap tenders

The National Bank of Hungary (MNB) allotted HUF 50 billion of six-month forint swaps and HUF 50 bln of 12-month...

Telco

Ministry confirms HUF 121.5 bln deficit at end April

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 121.5 billion deficit at the end of April, the...

Telco

Balaton ferry company aims to up revenues

Balaton ferry and boat company Balatoni Hajózási Zrt. (Bahart) expects a 5.2% rise in revenues from HUF 2.64 billion last...

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...