Hungary ITC sector turnover climbs 7%

Telco

Revenue of Hungaryʼs ITC sector reached HUF 627 bln in the second quarter, up almost 7% from the same period a year earlier, a report by the Central Statistical Office (KSH) shows. 

Revenue of the IT segment climbed 27% to HUF 265 bln, but turnover of publishers was down 6% and revenue of film, television and recording companies dropped 24%.

Companies with more than four staff members in the ITC sector employed almost 70,000 people during the period. The number of internet subscriptions in Hungary reached almost 7.7 mln in Q2. About two-thirds were mobile internet subscriptions.

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