Finance

MNB

Graphisoft Park Q1-Q3 net profit climbs 23%

In the first three quarters of 2018, net profit of Graphisoft Park, a listed company that owns and operates the...

Debt

ÁKK sells HUF 43.5 bln of 3-month bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 43.5 billion of discount three-month T-bills at auction on Tuesday, raising its...

Debt

ÁKK sells HUF 28.5 bln of securities at auction, under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 28.5 billion of securities at auction on Wednesday, lowering its...

Debt

ÁKK sells HUF 40 bln of three-month T-bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 40 billion of three-month discount T-bills at auction on Wednesday, raising its...

Banking

MNB projects 2018 deficit slightly under target

Hungaryʼs general government deficit could reach 2.2-2.3% of GDP this year, a little under the 2.4% target in the Budget...

Debt

ÁKK bond sales of HUF 72 bln exceed plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 72 billion of bonds at auction on Thursday, HUF 17...

Banking

Deloitte argues for automation of partner VAT controls

In Hungary, investigations into VAT tax control cases have revealed that a number of companies were fined for mistakes caused...

Debt

ÁKK sells HUF 30 bln of 3-month bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 30.0 billion of discount three-month T-bills at auction on Wednesday, raising its...

Debt

ÁKK sells HUF 29.5 bln of securities, under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 29.5 bln of securities at auction on Thursday, HUF 6.5...

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...

MNB

MNB policy-makers maintain base rate; raise gold reserves tenfold

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

MNB

Revised Deficit Data for 2017

State debt and general government deficit data came out in the past weeks, topped with a lower-than-expected purchasing manager index....

Debt

Three-month T-bill yields fall on strong demand

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

Banking

Hungaryʼs VAT Gap second only to Austria in region

A new report by the European Commission (EC) reveals that Hungary is in second place in the CEE region in...

Debt

ÁKK sells HUF 82.5 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 82.5 billion of bonds at auction on Thursday, HUF 27.5...

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...