Finance

MNB

Hungary net external financing capacity drops in Q3

Hungaryʼs net external financing capacity - the combined surpluses of the current and capital accounts - reached EUR 557 million...

Banking

MNB lowers 2019 CPI forecast on falling oil prices

The National Bank of Hungary (MNB) has lowered its forecast for average annual inflation in 2019 to 2.9%, citing falling...

Ratings

Moodyʼs likens Hungaryʼs credit challenges to Italy, Portugal

Moodyʼs Investors Service highlighted weak government balance sheets and banking system event risks among key credit weaknesses of Hungary, saying...

MNB

MNB orders withdrawal restrictions at NHB Growth Credit Bank

The National Bank of Hungary (MNB) on Tuesday said it ordered restrictions on withdrawals of over HUF 7 million from...

MNB

MNB maintains base rate, hints at possible changes

The Monetary Council of the National Bank of Hungary (MNB) decided once again to keep the central bankʼs key rate...

MNB

MNB expects faster economic growth in 2018

The National Bank of Hungary (MNB) said yesterday in a preliminary release of the main forecasts from its quarterly "Inflation...

Debt

Despite strong demand, ÁKK cuts 3-month T-bill offer

The Government Debt Management Agency (ÁKK) sold HUF 32.0 billion of discount three-month T-bills at auction on Tuesday, cutting its...

Debt

Hungary issues RMB 2 bln panda bond

Hungary sold RMB 2 billion in "panda" bonds targeted at the domestic Chinese market on Tuesday, Minister of Finance Mihály...

Banking

Govʼt hopes for last-minute minimum wage agreement

Gergely Gulyás, the minister in charge of the Prime Ministerʼs Office, expressed hope employers and unions can reach a last-minute...

Debt

ÁKK auctions HUF 39 bln of securities, over plan

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

Debt

ÁKK switch auction sales fall short of plan

The Government Debt Management Agency (ÁKK) sold HUF 38.19 billion of bonds maturing in 2026 and 2028, accepting bonds expiring...

MNB

Foreign trade surplus in services up in Q3

Hungary’s surplus in the foreign trade of services was EUR 2.463 billion in the third quarter of 2018, up from...

Debt

T-bill auction sale falls just below plan

The Government Debt Management Agency (ÁKK) sold HUF 48.0 billion of discount three-month T-bills at auction on Tuesday, lowering its...

Ratings

Moody’s: Hungaryʼs growth robust, public debt a constraint

Hungary’s "Baa3 stable" credit profile is supported by robust growth, a commitment to fiscal policies that will keep budget deficits...

Banking

Hungary to remain competitive for investment despite ATAD

Hungarian taxpayers will face considerable changes in taxation next year, due to the implementation of the European Commissionʼs Anti-Tax Avoidance...

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...