Finance

Banking

Czech govʼt to lower income tax for low and medium income groups

The Czech government has approved a proposal for the abolition of the so-called "super gross" wage which would significantly lower...

Debt

Better credit fundamentals support euro market comeback of Hungarian covered bonds

Fundamental credit support and the quality of Hungarian cover pools are on a par with international markets and could support...

MNB

MNB FX swap stock flat after tender

The National Bank of Hungaryʼs stock of FX swaps, which the central bank uses to pump liquidity into the banking...

Banking

Half of corporate tax returns received

Almost half of corporate tax returns have already been received by the tax office, although more than 150,000 companies still...

MNB

MNB fines OTT-ONE for insider information violation

Listed IT company OTT-ONE on Thursday said it was fined HUF 5 million by the National Bank of Hungary (MNB)...

MNB

Surplus on external trade in services drops to EUR 790 mln in Q2

In the 2nd quarter of 2020, the surplus on external trade in services dropped to EUR 790 million from EUR...

Debt

ÁKK sells HUF 95 bln of bonds at auction, HUF 45 bln over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 95 billion of bonds at auction on Thursday, HUF 45...

Banking

MKB books Q2 loss of HUF 3.8 bln

MKB Bank had a second-quarter loss of HUF 3.8 billion, state news wire MTI says, citing an earnings report released...

Banking

Croatian companies borrowed record HRK 10 bln in April

In April, companies in Croatia borrowed HRK 10 billion (EUR 1.328 billion) to finance overheads or rollover loans, which was...

Banking

Romaniaʼs annual bank deposits growth speeds up

The deposits of the non-governmental sector in Romanian banks grew 13.6% on the year to RON 383.6 billion (EUR 79...

Debt

ÁKK modifies 2020 financing plan to account for bigger deficit

The Government Debt Management Agency (ÁKK) said on Wednesday that it is updating its 2020 financing plan due to the...

MNB

MNB Monetary Council leaves base rate unchanged at 0.60%

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the central bank base rate unchanged at...

Banking

Govʼt Securities Plus bond subscriptions rises to HUF 4.675 tln

Subscription of the Hungarian Government Securities Plus bond (MAP+) for retail investors has reached HUF 4.6749 trillion, according to weekly...

Debt

Finance Ministry says budget deficit could be 7%-9% of GDP

Based on the slower-than-expected performance of the economy in the second quarter and the new economic protection measures planned, the...

Debt

Government deficit reached HUF 2.165 tln in July

Hungaryʼs general government deficit, excluding local councils, reached HUF 2.165 trillion at the end of July, widened by pandemic defense...

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...

Banking

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...

Banking

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

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

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...

Banking

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...

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...

MNB

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...

Banking

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...

Banking

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...

Trade

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...

Ratings

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...

MNB

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...