Telco

Telco

MNB: Banking sector liquidity down in July

The forint liquidity of Hungaryʼs banking sector fell in July from a month earlier, reflected mainly in the lower average...

Telco

OTP Q2 profit climbs 88% on lower risk costs

OTP Bankʼs consolidated second-quarter after-tax profit jumped to HUF 71.9 bln, an 88% increase over the second quarter of 2015,...

Telco

Net sales of retail govʼt securities reach HUF 64.8 bln in July

Net sales of forint-denominated government securities targeted at retail investors came to HUF 64.8 billion in July, bringing the total...

Telco

HIPA assists €2.3 bln of investment

The Hungarian Investment Promotion Agency (HIPA) this year aided the decisions of foreign companies to invest an accumulated €2.3 billion...

Telco

CIB H1 profit reaches HUF 12.9 bln

The Italian-owned CIB Group had after-tax profit of HUF 12.9 bln in the first half, a huge improvement over a...

Telco

Growing market, Euro 2016 lift Zwack sales

Zwack Unicum, Hungaryʼs best-known spirits maker, posted after-tax profit of HUF 532 million in the first quarter of its business...

Telco

Seven-month deficit 61% of full-year target

Hungaryʼs cashflow-based general government deficit, excluding local councils, reached HUF 464.8 billion in the first seven months of 2016, shows...

Telco

Hungary’s trade surplus up in June, rises to €5.3 bln in H1

Hungary’s trade surplus was €1.129 billion, up by €302 million in June as compared to the same month a year...

Telco

MTel profit drops as revenue slips in Q2

Magyar Telekomʼs second-quarter net income was HUF 11.59 billion, down 14.3% at from the same period a year earlier, an...

Telco

MOL profit rises 45%, lifted by lower tax in Q2

Hungarian oil and gas company MOLʼs second-quarter net income rose 45% year-on-year to HUF 83.5 billion as corporate tax costs...

Telco

Rába revenues rise, operating profit falls

Hungarian automotive company Rába had revenues of HUF 10.93 billion in the second quarter of 2016, up 3.1% from a...

Telco

Car tire production up 8.5% in H1

Production of summer tires for personal vehicles saw an 8.5% growth in Hungary in the first half of the year...

Telco

Tesco’s Hungarian unit turns profitable

The Hungarian unit of U.K.-based retail giant Tesco had after-tax profit of HUF 13.2 billion in the financial year ending...

Telco

MNB: Retail lending stock edges down on revaluations in June

Retail lending stock of Hungarian banks edged down about HUF 1 billion to HUF 5.7659 trillion in June, according to...

Telco

MNB: Net borrowing raises corporate lending stock in June

Corporate lending stock of Hungarian banks rose by HUF 14.9 billion to HUF 5.9628 trillion in June from the previous...

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...