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Investment
July 2019 www.intellinews.com I Page 10
state tenders providing IT infrastructure for the National Election Office (NVI).
4iG will inform shareholders on details how it plans to finance the deal once it seals the contract with
Magyar Telekom, the company told local media. Jaszai said in an interview published late in June that 4iG would look to acquire larger rivals by issuing debt or taking out loans to finance deals or through the involvement of institutional investors.
EU to invest €200mn to improve rural internet in Slovenia
Some €200mn will be invested in the development of the broadband optical network in rural parts of Slovenia as part of a project co-funded by the EU and the European Investment Bank (EIB), media reported.
The project will be implemented by Slovenian company RUNE Enia.
The Rural Network Project will be launched this year and will bring internet speeds of up to 10Gb/s to rural households, Slovenia Times reported on July 15, citing sources from RUNE Enia.
A similar project has also been launched in neighboring Croatia.
Hungary’s largest online booking site acquires Czech peer
Hungarian booking website Szallas.hu acquired sector peer Czech-based Hotel.cz group on July 8, making it the fifth market outside of Hungary,
in line with its growth strategy.
Hungary’s tourism sector is flourishing and the industry is breaking records year in year out. Last
According to the European Commission's website, the goal is to generate between €1bn and €1.7bn investments by providing €500mn in incentives.
In May, the Connecting Europe Broadband Fund (CEBF) financed by the European Commission said it finalised a deal in Slovenia to invest into a high-quality fibre-to-the-home (FTTH), open- access network for residential, business and public administration users in the rural areas of Slovenia covering over 240,000 locations.
The CEBF is a private equity fund which had its first closing in June 2018 at €420mn to invest in greenfield projects in the broadband infrastructure space across underserved areas in Europe.
Participants of the annual Balaton Sound festival at Lake Balaton, one of Hungary's top tourist attractions.
year overnight stays exceeded 30mn, split equally between domestic and foreign guests. Domestic tourism is rising on the back of rising purchasing power of households, new hotel developments and by the use of SZEP recreational voucher cards. Parliament raised taxes on most fringe benefits from January 1, except for the cards that