Finance

Debt

ÁKK plans net issues of HUF 334 bln for September-November

The Government Debt Management Agency (ÁKK) plans net issues of HUF 334 billion, in twelve-month discount treasury bills and bonds,...

MNB

MNB: SME revenues recover from March low by June

Companies saw their revenues fall to 63% compared to their pre-pandemic levels in March but by June revenues on average...

Banking

Savings Mortgage Bank reports 1.128 tln profit in first half

Savings Mortgage Bank announced the companyʼs individual after-tax profit increased by 3.4% to HUF 1.128 trillion in the first half...

Debt

Pandemic spending lifts state debt ratio to 71.9%

Government expenditures related to the coronavirus pandemic lifted Hungaryʼs state debt relative to GDP to 71.9% at the end of...

MNB

Hungary current account shows EUR 1.240 bln deficit in Q2

Hungary had a EUR 1.240 bln current-account deficit in Q2, according to preliminary monthly data released by the National Bank...

Ratings

Credit rating agencies confirm ʼBBBʼ rating for Hungary

International credit rating agencies S&P and Fitch performed their scheduled review of Hungaryʼs sovereign debt rating on Friday, with both...

MNB

MNB fines SET Group HUF 40 mln for manipulating share price

The National Bank of Hungary (MNB) imposed a fine of HUF 40 million on listed holding company SET Group for...

MNB

MNB fines unauthorized investor HUF 275 mln

The National Bank of Hungary (MNB) imposed a fine of HUF 275 million for the unauthorized collection of funds to...

Debt

ÁKK sells HUF 93 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 93 billion of bonds at auction on Thursday, HUF 23...

MNB

Estonia trade deficit narrows in June

Estoniaʼs trade deficit fell to EUR 11 million in June from EUR 108 million in the same month last year,...

Banking

HUF 650 bln cash withdrawals in March

According to statistics from the National Bank of Hungary (MNB), the value of ATM cash withdrawals at the ten largest...

Banking

IIB subscribes EUR 33.8 mln of 1st corp. green bond issued in Hungary

The Budapest-based International Investment Bank (IIB) has subscribed the equivalent of EUR 33.8m of a corporate green bond issued by...

MNB

MNB buys just under HUF 10 bln of bonds at QE auction

The National Bank of Hungary (MNB) bought HUF 9.98 billion of government bonds at an auction on Tuesday held in...

Trade

Croatiaʼs trade gap narrows in H1

Croatiaʼs trade deficit fell to HRK 31.6 billion in the first half of 2020, from HRK 39.3 billion a year...

Trade

Slovakia trade surplus increases in June

Slovakiaʼs trade surplus increased to EUR 641.7 million in June from EUR 87.7 mln in the same month last year,...

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...