NewsLetter

Cypriot-owned telco Actel launches activities in Hungary, plans breakeven within a year

Actel Kft, a provider of data transmission, telephony and multimedia services controlled by Cyprus's state-owned telecom provider Cyprus Telecommunications Authority (CYTA), announced on Monday that it has started commercial operations in Hungary, and that it plans to reach breakeven levels within one year.

German Commerzbank's Hungarian unit sees net profit drop 6% in '05, total assets rise 15%

Commerzbank Zrt, the Hungarian unit of the German banking group, saw its net profit drop 6% year on year (y/y) in 2005, while both total assets and shareholders' equity increased by 15%, the bank announced in a statement Thursday

Hungarian airline Malev to code-share with Spanish Iberia in latest Oneworld move

Hungarian airline Malev will enter into a code-sharing arrangement with Spanish airline Iberia from April 1 in the latest phase of Malev's integration into the Oneworld air alliance, expanding the number of available European destinations, Malev stated Thursday.

Budapest-based Euroweb International plans to become top IT firm in CEE through acquisitions

US Nasdaq-listed internet service provider (ISP) Euroweb International Corporation plans to become one of the leading IT firms in Hungary and the CEE region within a few years by new acquisitions and the development of its fully-owned IT outsourcing subsidiary Navigator Group, CEO Csaba Toro said at a press conference Wednesday.