Finance

Banking

Andersen Global expands, partners with OrienTax in Hungary

Tax and legal services firm Andersen Global and Hungarian tax consulting company OrienTax have signed a collaboration agreement paving the...

Ratings

Upgrades not Timely, Just Yet

Although the Hungarian government and the central bank, along with several analysts, think that the country’s economy is fit for...

Debt

ÁKK sells HUF 14.5 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 14.5 billion of bonds maturing in 2024 and 2026, accepting bonds expiring...

Debt

ÁKK sells HUF 40 bln of 3-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 40.0 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

Hungary June trade surplus revised down to EUR 1.02 bln

The Central Statistical Office (KSH) revised Hungaryʼs June trade surplus to EUR 1.02 billion in a second reading of data...

Ratings

Fitch maintains Hungary ’BBB-’ rating

Fitch Ratings affirmed Hungary’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at "BBB-", just over the investment grade threshold,...

MNB

SME lending expands 15.7% in Q2

Credit institutionsʼ lending to small- and medium-sized enterprises expanded by 15.7% from a year earlier in Q2 2018, after increasing...

Debt

ÁKK buys back HUF 12.8 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 12.80 billion of bonds expiring in 2019 before maturity...

MNB

Masterplast Q2 profit doubles as revenue grows 14%

Net income of bourse-listed Hungarian building materials maker Masterplast in the second quarter of 2018 was EUR 1.65 million, up...

MNB

State Audit Office assesses first-half fiscal trends

Hungaryʼs State Audit Office (ÁSZ) acknowledged favorable macroeconomic trends in a first-half fiscal assessment released on Tuesday, but said risks...

Debt

ÁKK sells HUF 40 bln of 3-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 40.0 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

Hungarians spend 15% of monthly salary on school start

The start of the new school year is known to be a heavy financial burden for families with children. A...

Debt

ÁKK sells HUF 37 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 37 billion of securities at auction on Thursday, raising its...

MNB

MNB publishes amended debt-to-income rules

The National Bank of Hungary (MNB) will tighten its debt-to-income (DTI) ratio rules for mortgage loans to help reduce householdsʼ...

Debt

ÁKK sells HUF 39 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 39 billion of bonds maturing in 2026 and 2028 at a switch...

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...