Finance

MNB

Current account shows slight deficit in Q2

The current account balance of Hungary was a negative EUR 4.56 million in the second quarter of 2019, state news...

Debt

ÁKK auctions HUF 72.5 bln of bonds, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 72.5 billion of bonds at auction on Thursday, HUF 17.5...

Debt

ÁKK buys back HUF 95 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 95.68 billion of bonds expiring in 2020 and 2021...

MNB

Hungarian wages falling behind V4 average

Average wages and the minimum wage in Hungary are lower than in any of the other countries in the Visegrád...

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 Tuesday, in line...

MNB

4iG to join MNB Bond Funding for Growth Scheme

Listed IT company 4iG on Thursday said it intends to participate in the Bond Funding for Growth Scheme (BGS) of...

MNB

Wabererʼs books Q2 loss; sees improvement in H2

Hungarian road haulier Wabererʼs International booked a second-quarter loss of EUR 9.1 million as margins narrowed, an earnings report released...

Debt

ÁKK auction sales slightly exceed plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 23.0 billion of securities at auction on Thursday, HUF 2.0...

MNB

Trade surplus narrows in June

Hungary had a EUR 556 million trade surplus in June, narrowing by EUR 437 mln from the same month a...

MNB

MNB intʼl reserves up EUR 361 mln in June

International reserves of the National Bank of Hungary (MNB) stood at EUR 27.065 billion at the end of June, up...

Debt

ÁKK switch auction bond sales go to plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 40.0 billion of bonds maturing in 2026 and 2028 at...

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 Tuesday, in line...

Debt

Demand strongest for longer terms at ÁKK auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 55.0 billion of bonds at auction on Thursday, in line...

MNB

Debt Financing of Acquisitions

In their latest Investor Column, Les Nemethy and Sergey Glekov look at the arguments in favor of taking out a...

Debt

ÁKK reverse auction bond buybacks far exceed plan

The Government Debt Management Agency (ÁKK) bought back a combined HUF 42.17 billion of bonds expiring in 2020 before maturity...

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...