Finance

Debt

ÁKK sells three-month T-bills as planned

The Government Debt Management Agency (ÁKK) sold HUF 25 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

MNB: bank sector still resilient to shock, but risks remain

The shock-absorbing capacity of Hungarian banks “continues to be robust,” but sustainable profitability is low, the National Bank of Hungary...

Debt

ÁKKʼs Thursday bond sales well over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 93.5 billion of bonds at auction on Thursday, raising its...

Debt

ÁKK buys back nearly HUF 30 bln of bonds early

The Government Debt Management Agency (ÁKK) bought back a combined HUF 29.73 billion of bonds expiring in 2019 before maturity...

MNB

Appeninn profits skyrocket on portfolio value growth in 2018

Real estate holding company Appeninn Nyrt.ʼs revenue from real estate leasing rose from EUR 4.9 million to EUR 7 mln...

MNB

Hungary state debt at 70.1% of GDP at the end of Q1

Hungaryʼs state debt stood at 70.1% of GDP at the end of March, down from 70.8% of GDP at the...

Debt

ÁKK sells HUF 31 bln of securities, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 31 billion of securities at auction on Thursday, as planned,...

Banking

Motivation of Employees by Stocks

At the time of total re-legislation of the cafeteria taxation, employers are actively seeking new instruments for the remuneration of...

Banking

Taxation that follows postings

Employment posting questions emerge in both short- and long-term relations. In practice, long term-postings are usually handled by the HR...

Ratings

Flash estimate: GDP up 5.3% in Q1 2019

The gross domestic product of Hungary rose by 5.3% according to raw data, and by 5.2% according to seasonally and...

MNB

Hungary external financing capacity at EUR 1.12 bln in Q1

Hungaryʼs net external financing capacity - the combined surpluses of the current and capital accounts - stood at EUR 1.119...

MNB

OBA to buy back last tranche of HUF 107.7 bln bond

Hungaryʼs National Deposit Insurance Fund (OBA) said it will buy back the last tranche of a HUF 107.7 billion bond...

Debt

ÁKK switch auction sales fall below plan

The Government Debt Management Agency (ÁKK) sold HUF 35.5 billion of bonds maturing in 2026 and 2028, accepting securities expiring...

Debt

ÁKK sells HUF 20 bln of 3-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

Forint liquidity of banking sector down in April

Forint liquidity of the Hungarian banking sector fell in April, reflected mainly in a decrease in the average stock of...

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...