Telco

Telco

MTel Q1 profit drops 55% on narrower margins, one-offs

Magyar Telekomʼs first-quarter after-tax profit fell 54.6% year-on-year to HUF 4.8 billion on narrower margins and one-offs in the base...

Telco

Hungarians spend HUF 11,000/month on household energy

Hungarians spent HUF 10,907 per month on average on household energy in 2016, a summary of preliminary household consumption data...

Telco

Revenues, financial income push Richter Q1 profit up 71%

Hungarian drugmaker Gedeon Richterʼs first-quarter net income rose 71% year-on-year to HUF 19.8 billion, lifted by higher revenue, financial income...

Telco

General gov’t runs HUF 121.5 bln deficit at end of April

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

Telco

Corporate lending of Hungarian banks up in March

The corporate lending stock of Hungarian banks was up in March from the previous month as companies were net borrowers,...

Telco

Retail lending of Hungarian banks edges down in March

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

Telco

Wingholding books HUF 255 mln loss in 2016

Hungarian property developer Wingholding booked a HUF 255 million loss in 2016, an audited earnings statement posted on the website...

Telco

MOL Q1 earnings up 28% as inventories rise

Hungarian oil and gas company MOL?s first-quarter net income rose 28% to HUF 93.9 billion from the corresponding period a...

Telco

Bill would raise 2017 revenue, expenditure targets by HUF 420 bln

Hungaryʼs government submitted a bill to Parliament late Tuesday that would raise the revenue and expenditure targets in the 2017...

Telco

Government submits 2018 budget bill to Parliament

Minister for National Economy Mihály Varga submitted the 2018 budget bill to Parliament yesterday, Hungarian news agency MTI reported. The...

Telco

BSE turnover reaches HUF 217 bln in April

Share turnover on the Budapest Stock Exchange (BET) reached HUF 216.8 billion in April, the bourse said today, according to...

Telco

Erste Hungary to cut staff, restructure to save costs

The chairman-CEO of Austrian-owned Erste Bank Hungary told journalists on Friday that the lender plans to cut staff by 7-9%...

Telco

INA profitable in Q1, after loss a year ago

Croatian oil and gas company INA, a subsidiary of Hungaryʼs MOL, had net profit of HRK 199 million in the...

Telco

TakarékBank profit slips to HUF 3 bln in 2016

After-tax profit of TakarékBank, the "central bank" for Hungaryʼs savings cooperatives, fell 7% to HUF 3 billion last year, the...

Telco

MVM profit reaches HUF 48.4 bln in 2016

The state-owned Hungarian Electricity Works (MVM) had consolidated after-tax profit of HUF 48.4 billion last year, the company said yesterday....

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...