Finance

Banking

Deficit at 17.7% of full-year target at end of May

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 176.4 billion deficit at the end of May, reaching...

MNB

Trade surplus EUR 228 mln in April

Hungary had a EUR 228 million trade surplus in April, the Central Statistical Office (KSH) said in a first reading...

MNB

MNB intʼl reserves fall EUR 240 mln in May

International reserves of the National Bank of Hungary (MNB) stood at EUR 26.704 billion at the end of May, down...

Debt

ÁKK sells HUF 76 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 76 billion of bonds at auction on Thursday, raising its...

Debt

ÁKK bond buybacks exceed plan

The Government Debt Management Agency (ÁKK) bought back a combined HUF 46.73 billion of bonds expiring in 2019 and 2020...

Debt

ÁKK sells HUF 20 bln of 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

Wizz Air profit climbs 6% to EUR 291.6 mln in FY 2019

Hungarian low-fare airline Wizz Airʼs after-tax profit rose 6.0% to EUR 291.6 million in its business year ended March 31,...

Banking

Varga announces Economy Protection Action Plan

Minister of Finance Mihály Varga has announced a number of tax cuts and growth incentives as part of a plan...

MNB

Hungary March trade surplus revised down to EUR 644 mln

Hungary had a EUR 644 million trade surplus in March, the Central Statistical Office (KSH) said in a second reading...

Debt

ÁKK sells HUF 27.5 bln of securities at auction, under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 27.5 billion of securities at auction on Thursday, HUF 3.5...

MNB

The Case for Gold as an Investment: Part III

Les Nemethy concludes his three-part series looking at the arguments for investing in gold....

MNB

The Case for Gold as an Investment: Part II

Part I of this series tackled the value of gold as a portfolio hedge. In this article, Les Nemethy and...

Debt

Asset Classes: Bonds

In their latest in a series of articles on various asset classes, Les Nemethy and Sergey Glekov turn their attention...

Debt

ÁKK sells HUF 20 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of bonds maturing in 2028 at a switch auction on...

MNB

Moody’s upgrades MKB deposit ratings

Moody’s Investors Service says it has upgraded the long-term local and foreign currency deposit ratings of Hungary’s MKB Bank from...

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...