Finance

Debt

Hungary issues EUR 1 bln eurobond with 1.25% coupon

Hungary has issued a EUR 1 billion, seven-year eurobond with a 1.25% coupon, the Government Debt Management Agency (ÁKK) said...

Debt

ÁKK sells HUF 25 bln of 3-month T-bills, as planned

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

MNB

MNB sees CPI dropping to target from mid-2019

Inflation will remain slightly over 3% in the short term, but underlying developments will ensure the achievement of the inflation...

Debt

ÁKK sells HUF 37.5 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 37.5 billion of securities at auction on Thursday, HUF 1.5...

MNB

Deficit target achievable with ‘robust’ spending control, says Fiscal Council

In a biannual opinion on budget trends released on Wednesday, Hungaryʼs Fiscal Council said the governmentʼs deficit target of 2.4%...

Debt

ÁKK sells HUF 35 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 35 billion of bonds maturing in 2026 and 2024, accepting bonds expiring...

MNB

MNB keeps base rate on hold, reviews policy instruments

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bank’s key rate on hold...

Debt

ÁKK sells HUF 68 bln of 3-month bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 68.0 billion of three-month discount T-bills at auction on Tuesday, raising its...

Debt

ÁKK sells HUF 64.5 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 64.5 billion of bonds at auction on Thursday, HUF 9.5...

Debt

ÁKK sells HUF 75 bln of 3-month bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 75 billion of discount three-month T-bills at auction Tuesday, raising its already...

MNB

Int’l reserves up EUR 320 mln in August

International reserves of the National Bank of Hungary (MNB) stood at EUR 24.264 billion at the end of August, up...

MNB

Banksʼ H1 profits down 17% on smaller provisions release

After-tax profits of Hungaryʼs banking sector dropped 17% year-on-year to HUF 300 billion in the first half of 2018 as...

MNB

Trade surplus EUR 373 mln in July

In euro terms, exports were up 11.4% and imports by 10.6% in July 2018, compared to the same month of...

Debt

ÁKK sells HUF 47 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 47.0 billion of securities at auction on Thursday, HUF 11.0...

MNB

Scope analyzes reasons behind Hungaryʼs economic outlook

German-based ratings agency Scope Ratings finds Hungaryʼs financial stability high, its debt structure improving, exposure to foreign-currency movements weak, and...

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...