Finance

Debt

ÁKK switch auction bond sales fall short of plan

The Government Debt Management Agency (ÁKK) sold HUF 20.5 billion of bonds maturing in 2026 and 2031 at a switch...

MNB

June trade surplus revised down to EUR 488 mln

Hungaryʼs June trade surplus was revised down to EUR 488 million in a second reading of data released by the...

Debt

ÁKK sells three-month T-bills as planned

The Government Debt Management Agency (ÁKK) sold HUF 15.0 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

Corporate, household lending continues to expand in Q2

In the second quarter of 2019, banksʼ stocks of loans to the corporate, SME and household sectors grew by 16%,...

MNB

Record low forint exchange rates

Hungary’s forint set an all-time low against the euro last week due to fears of a global recession, a trade...

MNB

Surplus in trade of services reaches EUR 2.341 bln in Q2

Hungaryʼs surplus in trade of services reached EUR 2.341 billion in the second quarter, the Central Statistical Office (KSH) said...

Debt

ÁKK sells HUF 40 bln of bonds at auction, under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 40.0 billion of bonds at auction on Thursday, cutting its...

Debt

ÁKK buys back HUF 126.88 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 126.88 billion of bonds expiring in 2020 and 2021...

Debt

ÁKK sells HUF 15 bln of three-month bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 15.0 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

Masterplast H1 earnings climb 21% as sales rise

First-half after-tax profit of Hungarian building materials company Masterplast rose 21% year-on-year to EUR 2,061,000 as revenue climbed, an earnings...

MNB

CEE private equity fundraising reaches EUR 1.8 bln in 2018

Private equity fundraising for Central and Eastern Europe (CEE) hit the highest annual level in a decade in 2018 at...

Debt

ÁKK 12-month T-bill sale falls short of plan

The Government Debt Management Agency (ÁKK) sold HUF 10 billion of discount 12-month T-bills on Thursday, HUF 5 bln less...

MNB

State debt 68.7% of GDP at Q2 end

Hungaryʼs state debt stood at 68.7% of GDP at the end of June, down from 70.0% of GDP at the...

Debt

ÁKK sells 3-month T-bills as planned

The Government Debt Management Agency (ÁKK) sold HUF 15.0 billion of discount three-month T-bills at auction on Wednesday, in line...

Ratings

Fitch affirms Hungary ‘BBB’ rating; outlook ‘stable’

Fitch Ratings on Friday affirmed Hungaryʼs “BBB” sovereign rating, two notches over the investment grade threshold, with a “stable” outlook,...

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...