Finance

Banking

Companies unprepared for global transformation of tax systems

Some 93% of corporate decision-makers are afraid that their company is not able to handle the sometimes conflicting views of...

MNB

Trade surplus narrows to EUR 51 mln in August

In euro terms, exports increased by 0.9% and imports grew by 6.1% in August 2018 compared to the same month...

Ratings

IMF raises GDP growth forecast for Hungary

The International Monetary Fund (IMF) has raised its projection for Hungaryʼs GDP growth this year to 4.0% in its fresh...

Debt

ÁKK raises 3-month T-bill sale, yield remains negative

The Government Debt Management Agency (ÁKK) sold HUF 30 billion of discount three-month T-bills at auction on Tuesday, raising its...

MNB

EIB VP hails commitments to Hungarian projects

The European Investment Bank (EIB) vice president Vázil Hudák signed four separate loan agreements for a total amount of EUR...

MNB

National Bank intʼl reserves down by EUR 538 mln in September

The National Bank of Hungaryʼs (NBH) international reserves stood at EUR 23.726 billion at the end of September, down EUR...

MNB

Hungary inks EUR 225 mln credit deal with EIB

Hungary has signed a EUR 225 million credit agreement with the European Investment Bank (EIB) covering co-financing for European Union-funded...

Debt

ÁKK auctions HUF 38.5 bln of securities, slightly over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 38.5 billion of securities at auction on Thursday, raising its...

Banking

Hungary allowed to raise VAT exemption threshold

A derogation approved by EU finance ministers at a meeting in Luxembourg on Tuesday allows Hungary to raise the annual...

Debt

ÁKK sells HUF 23.5 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 23.5 billion of bonds maturing in 2024 and 2026 for bonds expiring...

Debt

ÁKK sticks to 3-month T-bill offer, despite negative yield

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

MNB

July external trade surplus adjusted to EUR 362 mln

In July 2018, export volume rose by 11% and import volume by 9.4% compared to July 2017, latest monthly data...

MNB

State debt, minus Eximbank, at 72.2% of GDP at end of Q2

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 72.2% of GDP at the end of June 2018, up...

Debt

ÁKK sells HUF 67 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 67 billion of bonds at auction on Thursday, HUF 17...

Debt

ÁKK buys back HUF 45.6 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 45.6 billion of bonds expiring in 2019 before maturity...

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...