Finance

Ratings

Moodyʼs affirms Baa3 issuer ratings of Budapest, changes outlook to positive

Moodyʼs Investors Service, has affirmed the Baa3 local and foreign currency issuer ratings of Budapest and changed the outlook to...

Debt

ÁKK cuts offer on weak demand at 3-month T-bill auction

The Government Debt Management Agency (ÁKK) sold HUF 6.5 billion of discount 3-month T-bills at auction on Tuesday, cutting its...

Ratings

Moodyʼs changes outlook of multiple Hungarian banks to positive

Moodyʼs Investors Service has today affirmed the Baa3 long-term foreign currency deposit ratings of OTP Bank (OTP), Erste Bank Hungary...

Ratings

Moodyʼs changes Hungaryʼs outlook to positive

Moodyʼs Investors Service has changed the outlook on the Government of Hungaryʼs ratings to positive from stable, while also affirming...

MNB

MNB makes recommendations to support sustainable growth

The National Bank of Hungary (MNB) is making 50 recommendations supporting government efforts to shape policy promoting sustainable growth, deputy...

MNB

MNB raises rate on one-week depo by 15 bp to 0.75%

The National Bank of Hungary (MNB) raised the rate on its one-week deposit facility by 15 bp to 0.75% at...

Banking

Bulgaria’s non-govt deposits, non-govt borrowing up

Deposits of Bulgaria’s non-government sector rose by an annual 8.9% to BGN 88.8 billion (EUR 45.4 bln) at the end...

Debt

ÁKK sells HUF 20.5 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 20.5 billion of bonds maturing in 2029 and 2038, accepting...

Debt

Worsening risk of debt chain

In the economic environment transformed by the coronavirus epidemic, the risk of worsening debt chain problems and companies becoming insolvent...

MNB

MNB knocks down GDP forecast

The National Bank of Hungary (MNB) expects the economy to contract between 5.1% and 6.8% this year, state news wire...

Debt

ÁKK cuts offer at 3-month T-bill auction

The Government Debt Management Agency (ÁKK) sold HUF 9 billion of discount three-month T-bills at auction on Tuesday, cutting its...

MNB

Corporate lending growth rate slowed to 8.4%

The corporate lending growth rate in Hungary slowed from double digits to 8.4% in Q2 because of the coronavirus crisis,...

MNB

Leasing company outlays in MNB FGS schemes exceed HUF 100 bln

Hungarian leasing companies have provided funding worth more than HUF 100 billion to domestic businesses this year as part of...

Banking

Tax wedge down to 43%

Hungaryʼs tax wedge, the difference between what employees take home in earnings and what it costs to employ them, reached...

Debt

ÁKK sells HUF 110 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 110 billion of bonds at auction on Thursday, HUF 30...

Banking

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

Ratings

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

MNB

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

What Happens Next to What We’ve Built? New Challenges in Family Wealth Planning

Building a successful family business takes decades of work, but its future also depends on how carefully the transfer of...

Hungarian Banks Seek Gradual Reduction in 45% Effective Tax Burden

Hungarian banks hope for a “slow but certain” reduction in their tax burden, Hungarian Banking Association President Radovan Jelasity said...

MNB Probe Widens as International Arrest Warrant Issued for Ádám Matolcsy

International arrest warrants have been issued for Ádám Matolcsy, son of former Hungarian central bank Governor György Matolcsy, and businessman...

MNB Holds Base Rate at 5.5%, Maintains Symmetric Interest Rate Corridor

The Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 5.5% at its monthly...

Gránit Bank Hit by Largest Loan Loss Provision in Its History

Gránit Bank reported an additional approximately HUF 9.4 billion loan loss provision in the third quarter of 2026, the largest...

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

MNB International Reserves Fall to EUR 62.1 bln in September

The National Bank of Hungary’s (MNB) international reserves stood at EUR 62.061 bln at the end of September, down EUR...

K&H Bank and Mastercard Extend Strategic Partnership Through 2030

K&H Bank and Mastercard have extended their exclusive strategic partnership through 2030, with plans to expand personalized digital financial services...

OTP Forecasts Hungary’s GDP Growth at 1.7% in 2026, 2.5% in 2027

Hungary’s economy could expand by 1.7% this year and 2.5% in 2027, with household consumption driving growth in 2026, according...

Hungary Posts EUR 481 mln Trade Deficit as Import Volumes Jump 13%

Hungary recorded a EUR 481 million goods trade deficit in August as import volumes rose 13% year-on-year while export volumes...

Bayer Construct Gets Default Ratings After Bankruptcy Protection Filing

Scope Ratings has assigned default ratings to Bayer Construct following its bankruptcy protection filing, citing financial pressure linked partly to...

Former Central Bank Governor Matolcsy Questioned as Suspect in Erste Case

Police have questioned seven suspects, including former National Bank of Hungary Governor György Matolcsy, in an investigation into alleged abuse...

MNB to Lower Inflation Target to 2.5% From 2028, Holds Base Rate at 5.5%

The National Bank of Hungary (MNB) will lower its inflation target to 2.5% from Jan. 1, 2028, while retaining its...