Finance

Banking

Hungary’s Tax System Stable but Administration-heavy

Although the administrative side of the Hungarian taxation system might be daunting, the local tax environment is stable, Róbert Heinczinger,...

Banking

Tax Evasion no Longer a National Sport, but More Must be Done

Efforts to make taxation in Hungary more transparent and, as a result, reduce tax fraud has brought some good results...

MNB

Core Inflation on the Rise, all Eyes on Rate-setters

With the latest inflation data having been released by the Central Statistical Office (KSH), we could see the start of...

Debt

ÁKK reverse auction bond buyback exceeds plan

The Government Debt Management Agency (ÁKK) bought back a combined HUF 23.73 billion of bonds expiring in 2019 or 2020...

MNB

Orbán to propose Matolcsy for another term as MNB chief

Prime Minister Viktor Orbán will propose György Matolcsy for a second term as governor of the National Bank of Hungary...

Debt

ÁKK sells HUF 25 bln of 3-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...

Banking

NAV to issue certificates for payroll tax exemptions

Hungaryʼs National Tax and Customs Administration (NAV) will start sending businesses certificates for employees eligible for payroll tax preferences on...

MNB

Trade surplus HUF 6 bln in 2018, down a quarter y-o-y

The surplus of external trade in goods was EUR 398 million in the month of December, the Central Statistical Office...

Debt

ÁKK sells HUF 39.0 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 39.0 billion of securities at auction on Thursday, HUF 3.0...

Debt

ÁKK bond switch auction goes to plan

The Government Debt Management Agency (ÁKK) sold HUF 40 billion of bonds maturing in 2026 and 2028, accepting bonds expiring...

Banking

Stockpiling before tax change lifts Zwack profit 33%

After-tax profit of Zwack Unicum, Hungaryʼs best-known spirits maker, rose 33% year-on-year to HUF 3.3 billion in Q1-Q3 of the...

Ratings

IIB board decides to relocate headquarters to Budapest

The board of governors of the currently Moscow-based International Investment Bank (IIB) took a unanimous decision at a meeting on...

MNB

Wabererʼs seeking EUR 47.8 mln from vehicle maker cartel members

Hungarian road haulage company Wabererʼs on Tuesday announced the scale of damages it is seeking from members of a vehicle...

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

EUR 1.8 bln Invested in Property in 2018

Real estate investment volume for Hungary in 2018 was close to EUR 1.8 billion, reflecting a third consecutive year 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...