Telco

FHB turns profitable in first quarter

FHB Mortgage Bank, Hungaryʼs largest mortgage re-financer, booked a HUF 279 million after-tax profit in the first quarter, compared to...

Telco

Military spending to rise to 2% of GDP by 2024, says Lázár

Military spending in Hungary will reach 1% of GDP in 2018 and the government will make a commitment to raise...

Telco

Average gross earnings up 11% in first quarter

In January–March 2017, average gross monthly earnings amounted to HUF 281,900 in Hungary, according to a first release of data...

Telco

Investment fundsʼ assets up 1.1% in April, says BAMOSZ

Assets managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) were up 1.1% in...

Telco

Financial gain, other revenue help lift Rába after-tax profit

Hungarian automotive industry company Rábaʼs first-quarter profit after taxation in the current year rose 57.9% year-on-year to HUF 173 million...

Telco

KELER pre-tax profit adds up to HUF 1.9 bln in 2016

Pre-tax profits of the central depository business of Hungaryʼs clearing house group KELER came to HUF 1.71 billion, and the...

Telco

MÁV group revenues slightly down last year

State-owned railway company MÁV Zrt. had consolidated sales revenues of HUF 132 billion last year, down from HUF 138 bln...

Telco

MÁV group revenue slightly down last year

State-owned railway company MÁV had consolidated sales revenue of HUF 132 billion last year, down from HUF 138 bln in...

Telco

ANY net income falls to HUF 246 mln on narrowing margin

ANY Security Printing Companyʼs first-quarter net income slipped 37% year-on-year to HUF 246 million as margins narrowed, an earnings report...

Telco

MNB allots HUF 200 bln at EUR/HUF swap tenders

The National Bank of Hungary (MNB) allotted HUF 200 billion of one-month forint swaps against euros at a tender on...

Telco

ÁKK sells HUF 170 bln of two-year retail securities in April

Sales by the Government Debt Management Agency (ÁKK) of a new two-year security targeted at retail investors came to almost...

Telco

BUBOR appears to stabilize at 16 bps, Nomura says

The Budapest Interbank Offered Rate (BUBOR) appears to have stabilized at 16 bps by hitting its “credit floor,” and as...

Telco

Higher revenue, lower risk and tax costs lift OTP Q1 profit 54%

OTP Bankʼs first-quarter consolidated after-tax profit rose 54% year-on-year to HUF 52.9 billion, lifted by higher revenue, lower risk costs...

Telco

MTel aims to boost 4G+ coverage to 35%-40% this year

Magyar Telekom expects network investments to boost its 4G+ coverage by 5-10 percentage points from 30% at present, CFO János...

Telco

MFB total assets edge down, lending stock rises

The state-owned Hungarian Development Bank (MFB) had total assets of HUF 1.294 trillion at the end of last year, edging...

Telco

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...

Telco

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...

Telco

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...

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

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...

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

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...

Telco

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...

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

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...

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...