Telco

Telco

INA profit falls 68% on declining revenue, narrower margin

Second-quarter net income of Croatiaʼs INA, a unit of Hungarian oil and gas company MOL, fell 68% to HRK 89...

Telco

Funding proposal for M3 renovation to be submitted in autumn

A proposal regarding the funding of the Budapest M3 metro renovation will be submitted to the government in late September...

Telco

Richter’s Q2 net income drops 19.4% on narrowing margin

Hungarian drugmaker Gedeon Richter saw its net income drop by 19.4% year-on-year to HUF 18.1 billion in the second quarter,...

Telco

Shareholder contests OTP AGM decisions at court

OTP Bank said that one of its shareholders contested at a Budapest court several decisions from the bank’s AGM, held...

Telco

MOL, Richter lift BUX

The Budapest Stock Exchangeʼs main BUX index finished the session on Tuesday up 0.23% at 28,014.13, rising on gains by...

Telco

Hungary factoring turnover climbs 39% in H1

Factoring turnover in Hungary rose by 39% in the first half compared to the corresponding period of 2015, the head...

Telco

Richter lifts BUX

The Budapest Stock Exchangeʼs main BUX index finished the session on Monday up 0.35% at 27,950.24, rising on gains by...

Telco

Hungarian vehicle fuel sales up 6.1% in H1

Sales of vehicle fuels in Hungary reached more than 1.59 billion liters in the first half of 2016, an increase...

Telco

General gov’t deficit reaches 52.8% of full-year target in June

Hungary’s cash flow-based general government deficit, excluding local governments, reached HUF 402.1 billion at the end of June, 52.8% of...

Telco

BUX advances along with European peers

The Budapest Stock Exchangeʼs main BUX index finished the session on Wednesday up 0.60% at 27,573.51, lifted by gains from...

Telco

Wizz Air shares take off after plans to cut UK routes

Shares in Hungarian low-cost airline Wizz Air climbed by 3.9% after the company announced it is halving growth plans for...

Telco

Tax-exempt accounts in see HUF 44 bln deposits in 2016

Around HUF 44.1 billion was deposited into 550 “Stability Savings Accounts” in the first half of this year, daily Magyar...

Telco

BAMOSZ: Investment funds assets fall 1.5%

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

Telco

BUX outperforms western European peers

The Budapest Stock Exchangeʼs main BUX index finished the session on Tuesday up 1.19% at 27,410.14 as three out of...

Telco

OTP lifts BUX over break-even

The Budapest Stock Exchangeʼs main BUX index finished the session on Monday up 0.08% at 27,088.22, lifted over the break-even...

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...