Finance

Ratings

Skyrocketing Industrial Output Promises Higher Annual Growth

Although credit rating agency Moody’s chose not to update Hungary’s sovereign rating at its scheduled review at the beginning of...

Debt

ÁKK bond auction exceeds plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 83.5 billion of bonds at auction on Thursday, raising its...

MNB

Wabererʼs books Q1 loss; eyes improvement in H2

Listed Hungarian road haulier Wabererʼs International booked a first-quarter loss of EUR 4.4 million as margins narrowed, an earnings report...

MNB

Graphisoft Park Q1 profit up 10%

First-quarter after-tax profit of Graphisoft Park, a listed company that owns and operates a business park in the north of...

MNB

Surplus in goods trade EUR 677 mln in March

In euro terms, exports increased by 4.9% and imports by 5.6% in March compared to the same month of the...

Debt

ÁKK bond buyback exceeds plan

The Government Debt Management Agency (ÁKK) bought back a combined HUF 13.85 billion of bonds expiring in 2019 or 2020...

Debt

ÁKK T-bill sale falls short of plan

The Government Debt Management Agency (ÁKK) sold HUF 18.5 billion of discount three-month T-bills at auction on Tuesday, cutting its...

Banking

Smallest firms spend 1 out of 4 forints on taxation

Micro firms with monthly revenue of under HUF 400,000 tend to spend every fourth earned forint on taxes, while those...

Debt

ÁKK sells HUF 30.5 bln of securities at auction, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 30.5 billion of securities at auction on Thursday, less than...

Debt

Bourse listing required in MNB corporate bond scheme

The National Bank of Hungary (MNB) will require securities it buys as part of a HUF 300 billion corporate bond...

Debt

ÁKK T-bill sale falls short of plan

The Government Debt Management Agency (ÁKK) sold HUF 14.0 billion of discount three-month T-bills at auction on Tuesday, cutting its...

Debt

ÁKK bond sales exceed plan on strong demand

The Government Debt Management Agency (ÁKK) sold a total of HUF 80.5 billion of bonds at auction on Thursday, raising...

Debt

ÁKK bond buyback exceeds plan

The Government Debt Management Agency (ÁKK) bought back a combined HUF 22.28 billion of bonds expiring in 2019 or 2020...

MNB

Eurostat confirms deficit figure, but with reservations

The EU statistics office Eurostat confirmed Hungaryʼs 2018 general government deficit and debt Tuesday as the figures sent to Brussels...

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...

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...