Finance

Debt

ÁKK 3-month T-bill sale goes to plan

The Government Debt Management Agency (ÁKK) sold HUF 20.0 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

Healthy trade surplus in May

The surplus in Hungaryʼs external trade in goods amounted to EUR 678 million in May, growing by EUR 185 mln...

MNB

OTP completes SocGen Montenegro acquisition

Hungarian lender OTP Bank has officially acquired the Montenegrin unit of Société Générale (SocGen), business site tozsdeforum.hu reported. Crnogorska komercijalna...

Debt

ÁKK sells HUF 63.5 bln of bonds at auction, HUF 1.5 bln below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 63.5 billion of bonds at auction on Thursday, lowering its...

MNB

OTP disburses first loans for families expecting babies

OTP Bank says it has disbursed its first “baby-expecting support” (babaváró támogatás) in Veszprém and Zala counties. In both cases,...

MNB

Hungarian net wages fall back, among lowest in EU

In terms of average net wages, Hungary has fallen back in European comparison, news site hvg.hu reported, citing data compiled...

MNB

MNB Stays Dovish, but not Everyone is Convinced

The monetary council of the National Bank of Hungary (MNB) left the base rate unchanged at 0.9% at its monthly...

Debt

ÁKK buys back bonds at reverse auction (updated)

The Government Debt Management Agency (ÁKK) bought back HUF 7.3 billion of bonds expiring in 2019 before maturity at a...

MNB

Wingholding launches EUR 100 mln corporate bond program

Hungarian property developer Wingholding on Tuesday announced the launch of a EUR 100 million corporate bond program for 2019-2020. It...

Ratings

Moodyʼs changes outlook on Hungarian banking sector

Moodyʼs Investors Service changed the outlook on Hungaryʼs banking sector from positive to stable in a report published on Tuesday....

Debt

ÁKK sells T-bills as planned; ING biggest buyer in H1

The Government Debt Management Agency (ÁKK) sold HUF 20.0 billion of discount three-month T-bills at auction on Tuesday, in line...

Debt

ÁKK auctions securities as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 26.0 billion of securities at auction on Thursday, as planned,...

Debt

ÁKK switch auction bond sales fall below plan

The Government Debt Management Agency (ÁKK) sold HUF 19.5 billion of bonds maturing in 2026 and 2028, accepting bonds expiring...

Debt

ÁKK sells 3-month T-bills as planned

The Government Debt Management Agency (ÁKK) sold HUF 20.0 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

Venture cap funds invested EUR 346 mln in 2018

Hungarian venture capital funds invested a combined EUR 346 million in 2018 via a total of 191 transactions, show figures...

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...