Finance

MNB

Trade surplus narrows to EUR 293 mln in October

Hungary had a EUR 293 million trade surplus in October, narrowing by EUR 232 mln from the same month a...

Debt

ÁKK auctions HUF 75 bln of bonds, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 75.0 billion of bonds at auction on Thursday, raising its...

Debt

ÁKK buys back HUF 30.3 bln of bonds early at auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 30.3 billion of bonds expiring in 2019 before maturity...

Ratings

CEE at risk of slowing wage convergence with EU – Moodyʼs

According to a new report by Moodyʼs Investors Service, the European Union member countries of Central and Eastern Europe are...

Debt

ÁKK 3-month T-bill sale falls short of plan

The Government Debt Management Agency (ÁKK) sold HUF 42 billion of discount three-month T-bills at auction on Tuesday, lowering its...

Ratings

No Upgrade for Hungary This Year

In spite of heated expectations, the last credit rating review of the year did not bring an upgrade for Hungary....

MNB

MNB presses banks to boost lending, improve efficiency

The National Bank of Hungary (MNB), in a biannual report published Thursday, has urged banks to take advantage of balance...

Debt

ÁKK sells HUF 39 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, raising its...

Debt

ÁKK sells HUF 40 bln of bonds at switch auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 40 billion of bonds maturing in 2026 and 2024, accepting bonds expiring...

Debt

ÁKK sells HUF 50 bln of 3-month bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 50 billion of discount three-month T-bills at auction on Tuesday, in line...

Banking

Hungary 86th in PwC and World Bankʼs ‘Paying Taxes’ report

Hungary clinches 86th place in the 2019 edition of the yearly "Paying Taxes" report published by PwC and the World...

Ratings

Moody’s affirms Hungary’s Baa3 ratings

Moody’s Investors Service has affirmed the government of Hungary’s long-term issuer and senior unsecured debt ratings at Baa3. Concurrently, the...

MNB

Hungary lends HUF 25 bln to Kenya and Cape Verde

The Hungarian government is set to grant a total of HUF 25 billion in credit to the Republic of Kenya...

Debt

ÁKK sells HUF 69 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 69 billion of bonds at auction on Thursday, raising its original offer...

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...