Telco

Telco

Used car sales in Hungary predicted to reach 680,000 in 2017

Used car sales in Hungary are set to climb by 11.5% this year, reaching 680,000, a survey by used car...

Telco

Iron-Tech completes capacity expansion

Hungarian metalworking and spare parts manufacturer Iron-Tech has announced the completion of a capacity expansion supported with almost HUF 440...

Telco

Gov’t to spend HUF 120 bln raising wages at state-owned firms

The government will allocate HUF 44 billion in 2017 to raise pay at state-owned companies, to be followed by a...

Telco

Magyar Telekom names new IT chief

Magyar Telekom, the Hungarian subsidiary of German giant Deutsche Telekom, has appointed Dr. Kim Kyllesbech Larsen as Chief Technology and...

Telco

Banking sector liquidity rises in January

Forint liquidity of Hungaryʼs banking sector rose in January from a month earlier as the average stock of banksʼ one-day...

Telco

Paks NPP output reached 16,054 GWh in 2016

Output of Hungaryʼs Paks Nuclear Power Plant rose by 1.4% to 16,054 GWh last year, CEO István Hamvas said on...

Telco

Government tops up funding to hire more police

The government has mandated the reallocation of HUF 55.8 bln in this yearʼs budget to finance the hiring of 3,000...

Telco

Richter’s Q4 profit doubles on financial gain

A large financial gain lifted Hungarian drugmaker Gedeon Richter’s fourth-quarter net income to HUF 19.3 billion, a little more than...

Telco

PR-TELECOM upgrades broadband network in 150 settlements

Telecommunications network provider PR-TELECOM is establishing and developing next-generation access broadband internet networks in 150 settlements in Hungary with HUF...

Telco

Zwack Unicum profit jumps 26.8% in first three-quarters of business year

After-tax profit for Zwack Unicum, the quintessentially Hungarian spirits maker, rose 26.8% to HUF 2.53 bln in the first three...

Telco

Three pawnbrokers receive HUF 20.5 mln in fines

Three Hungarian pawnbrokers have been fined a combined HUF 20.5 million by the National Bank of Hungary (MNB) on charges...

Telco

General gov’t deficit 111.4% of full-year target in 2016

Hungaryʼs cash flow-based general government deficit, excluding local councils, reached HUF 848.3 billion in 2016, 111.4% of the full-year target,...

Telco

Net sales of retail govʼt securities reach HUF 166.6 bln in December

Net sales of forint-denominated government securities targeted at retail investors came to HUF 166.6 billion in December 2016, bringing the...

Telco

Everplast expands range with HUF 440 mln investment

Hungarian plastics recycling firm Everplast has added UV-resistant plastic sheeting to its product palette with an investment of nearly HUF...

Telco

Investment funds assets up 2.1% in December, says BAMOSZ

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

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...