Finance

Debt

ÁKK sells HUF 56 bln of 3-month T-bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 56 billion of discount three-month T-bills at auction on Tuesday, raising its...

MNB

K&H Hungary records HUF 45.1 bln banking revenue

K&H Bank Group Hungary registered net revenues of HUF 45.1 billion in the first nine months of 2018, with K&H...

Debt

ÁKK sells HUF 50 bln of 6-week T-bills, above plan

The Government Debt Management Agency (ÁKK) sold HUF 50 billion of discount six-week T-bills at a liquidity auction on Monday,...

MNB

Maastricht debt down to 70.9% of GDP (minus Eximbank)

According to data on the website of the National Bank of Hungary (MNB), general government consolidated gross debt according to...

MNB

Inflation is back, says OTP Treasury chief

The dilemma of inflation is back in Hungaryʼs monetary policy, due to a variety of factors such as the abstract...

Debt

ÁKK sells HUF 46 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 46.0 billion of securities at auction on Thursday, raising its...

Banking

City raises revenue threshold for local business tax exemption

Budapest City Council on Wednesday raised the revenue threshold for exemption from the local business tax from HUF 1 million...

Debt

ÁKK bond sales slightly below plan at switch auction

The Government Debt Management Agency (ÁKK) sold HUF 38.5 billion of bonds maturing in 2026 and 2028, accepting securities expiring...

MNB

Smaller provisions release weighs on RBI earnings in Hungary

Austriaʼs Raiffeisen Bank International (RBI) booked Q1-Q3 after-tax profit of EUR 57 million at its business in Hungary, falling 39%...

Debt

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

The Government Debt Management Agency (ÁKK) sold HUF 50.0 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

MNB’s Dovish Policy Stance may Hang Around, Analysts Say

London-based financial analysts unanimously say that there are no macroeconomic or market factors that might force the National Bank of...

MNB

CEE Transport backs Wabererʼs after disappointing earnings

CEE Transport, the majority owner of Hungarian road haulage firm Wabererʼs, confirmed its continued support for the company after an...

Debt

ÁKK sells HUF 72.5 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 72.5 billion of bonds at auction on Thursday, raising its original offer...

MNB

MNB policymakers agree close monitoring of commodity prices

The Monetary Council of the National Bank of Hungary (MNB) agreed at a monthly policy meeting in October that the...

MNB

Wizz Air profits edge up; guidance lowered on higher fuel prices

After-tax profit of Hungarian low-cost airline Wizz Air edged up 1.2% to EUR 292.2 million in the first half 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...