Finance

Debt

ÁKK sells HUF 37.5 bln of 3-month T-bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 37.5 billion of discount three-month T-bills at auction on Tuesday, raising its...

MNB

Romanian central bank FX reserves drop in Dec

The foreign exchange (FX) reserves held by Romania’s central bank, excluding gold, totaled EUR 32.926 billion at the end of...

Banking

More than 40% of disabled Hungarians employed

About 42% of disabled people in Hungary are employed, up from 18% in 2010, the Human Resources Ministry said in...

Banking

Businesses may have to wait till Q3 for payroll tax cut

Hungaryʼs government could wait until as late as October of this year to reduce the payroll tax by another two...

Debt

ÁKK sells HUF 64 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 64 billion of bonds at auction on Thursday, HUF 19...

MNB

GVA gap between Hungarian, EU-15 farms narrows

Gross value added (GVA) per hectare on Hungarian farms stood at 53% of the average in the 15 pre-enlargement European...

Banking

Varga outlines economic measures in effect from 2020

Finance Minister Mihály Varga reminded Hungarians of government measures soon to come into effect designed to cushion the impact of...

MNB

Hungary state debt ratio reaches 68.2% at end-Q3

Hungaryʼs gross state debt, as a percentage of GDP, reached 68.2% at the end of the third quarter, a second...

Debt

ÁKK sell HUF 18.5 bln of three-month T-bills, under plan

The Government Debt Management Agency (ÁKK) sold HUF 18.5 billion of discount three-month T-bills at auction on Monday, cutting its...

Banking

Minimum wage to rise 8% next year, as agreed earlier

The minimum wages for both skilled and unskilled workers will rise by 8% next year, in line with an agreement...

Debt

ÁKK sells HUF 13.5 bln of three-month T-bills, below plan

The Government Debt Management Agency (ÁKK) sold HUF 13.5 billion of discount three-month T-bills at auction on Monday, below its...

MNB

Hungary current-account deficit EUR 230 mln in Q3

Hungary had a current-account deficit of EUR 230 million in the third quarter, data released by the National Bank of...

MNB

Most Poles plan to support charities during Christmas, report

More than seven in every 10 Poles say they plan to support charity campaigns during Christmas, according to a report...

Debt

ÁKK plans net securities sales of HUF 567 bln at auctions in Q1

The Government Debt Management Agency (ÁKK) plans net sales of securities of HUF 567 billion at auctions in the first...

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...