Finance

Debt

ÁKK sells HUF 25 bln of 3-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 25.0 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

One-off Move is no Sign of new Monetary Cycle

In a somewhat eyebrow raising action, the Hungarian central bank made its first tightening move in years, while emphasizing that...

MNB

EIB Financing for Hungary at Record EUR 891 mln in 2018

The European Investment Bank, the financing arm of the European Union owned by the member states, provided loans to Hungary...

Ratings

S&P assigns ’BBB’ rating to Takarék Mortgage Bank bonds

S&P Global Ratings said last Thursday it has assigned "BBB" foreign and local currency credit ratings to Takarék Mortgage Bankʼs...

Debt

Thursday bond auction sales well exceed 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 bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 26.58 billion of bonds expiring in 2019 or 2020...

MNB

MNB details HUF 300 bln corporate bond purchase program

The National Bank of Hungary (MNB) on Tuesday announced a HUF 300 billion corporate bond purchase program from July 1,...

MNB

MNB raises O/N deposit rate in first tightening in years

The Monetary Council of the National Bank of Hungary (MNB) decided at a monthly policy meeting Tuesday to raise the...

Debt

ÁKK sells HUF 25 bln of 3-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 25.0 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

Graphisoft Park proposes HUF 126/share dividend

The eponymous listed company that owns and operates the Graphisoft Park business park in the north of Budapest will propose...

MNB

Hungary net external financing capacity at 1.9% of GDP in Q4

Adjusted for seasonal effects, Hungaryʼs net external financing capacity was EUR 651 million, or 1.9% of quarterly GDP, in the...

Debt

IIB raises HUF 24.7 bln in debut HUF bond issue

The Moscow-based International Investment Bank (IIB) said on Monday it has issued a HUF 24.7 billion bond - its debut...

Banking

Hungary leads continent in low corporate tax

A 2018 country analysis by Washington, D.C.-based think tank the Tax Foundation shows that corporate taxes have fallen by almost...

Debt

ÁKK sells HUF 45 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 45.0 billion of securities at auction on Thursday, raising its...

MNB

Wabererʼs books loss in 2018; management address challenges

Wabererʼs International Nyrt. reported an after-tax loss of EUR 20.9 million in 2018, compared to after-tax profit of EUR 18.4...

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...