Finance

Debt

ÁKK sells HUF 31.5 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 31.5 billion of securities at auction on Wednesday, HUF 1.5...

Banking

EIF, Raiffeisenbank to support coronavirus-hit SMEs in Bulgaria

Raiffeisenbank Bulgaria signed a new guarantee deal with the European Investment Fund (EIF) for an additional EUR 130 million in...

MNB

MNB publishes proposals for environmentally sustainable economic growth

Following consultation with civil organizations and environmental protection experts, the National Bank of Hungary (MNB) on Monday published a collection...

Banking

Hungaryʼs VAT gap falls to 6.6%, below Austria, Denmark

Hungaryʼs VAT gap, the difference between expected VAT revenue and that actually collected, fell to 6.6% last year from 21%...

MNB

MNB calls on insurers to review vehicle insurance policy fees

The National Bank of Hungary said on Friday that it is calling on insurance companies to review their mandatory vehicle...

Debt

Hungary issues samurai bonds

Hungary has issued the equivalent of EUR 500 million of bonds, denominated in JPY, on the Japanese market, Finance Minister...

MNB

MNB joins Business Council for Sustainable Development

The National Bank of Hungary (MNB) yesterday said it has joined the Business Council for Sustainable Development in Hungary (BCSDH),...

Trade

Slovenia’s trade surplus 2nd highest in 10 years

Slovenia trade surplus reached its highest level in nearly three years, latest figures from the Statistical Office of the Republic...

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...

MNB

Prenatal baby support lending stock reaches HUF 824 bln in a year

The outstanding stock of prenatal baby support loans, launched as part of a package of family support measures in the...

Banking

Pandemic provisions bite into K&H earnings

K&H Bank, the Hungarian unit of Belgiumʼs KBC, made HUF 22.6 billion in provisions in the first half, reducing after-tax...

Trade

Serbia Jan-Jul trade gap shrinks

Serbia’s foreign trade deficit in the first seven months of 2020 shrank 6.1% on the year to USD 3.75 billion,...

Debt

ÁKK sells HUF 110.5 bln of bonds at action, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 110.5 billion of bonds at auction on Thursday, HUF 35.5...

Debt

ÁKK sells HUF 42.5 bln of securities at auction, over plan

The Government Debt Management Agency (AKK) sold a combined HUF 42.5 billion of securities at auction on Wednesday, more than...

Banking

Hungarians setting longer-term goals

The coronavirus epidemic has enhanced the role of saving, setting medium- and long-term financial goals, and creating lasting financial security,...

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...