Finance

Debt

ÁKK sells HUF 50 bln of 3-month T-bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 50 billion of discount three-month T-bills at auction on Tuesday, HUF 10...

Ratings

S&P affirms Hungary ʼBBB-/A-3ʼ ratings; outlook ʼpositiveʼ

Standard & Poorʼs Global Ratings on Friday affirmed Hungaryʼs "BBB-/A-3" long and short-term foreign and local currency sovereign credit ratings....

MNB

Hungaryʼs state debt at 74.5% of GDP

Hungaryʼs state debt as a percentage of GDP reached 74.5% at the end of the second quarter, fresh data released...

Banking

Varga envisions tax evasion narrowing significantly

Improved tax morale that comes with measures the government has taken to crack down on tax evasion, such as the...

Debt

ÁKK sells HUF 61.5 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 61.5 billion of bonds at auction on Thursday, HUF 6.5...

MNB

Altus Portfólió head protests MNB fine

Klára Dobrev, the managing director of Altus Portfólió, has protested against a fine imposed on the asset management firm by...

MNB

External financing capacity shrinks in Q2 – MNB

Hungaryʼs net external financing capacity - the combined surpluses of the current and capital accounts - was EUR 1.38 billion...

Debt

ÁKK sells HUF 50 bln of 3-month T-bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 50 billion of discount three-month T-bills at auction on Tuesday, HUF 10...

MNB

Graphisoft Park EBITDA grows 15% in first half

First-half net profit of Graphisoft Park, a listed company that owns and operates a business park in the north of...

MNB

Smaller provisions release weighs on Raiffeisenʼs Hungarian earnings

Austriaʼs Raiffeisen Bank International (RBI) booked first-half after-tax profit of EUR 26 million at its business in Hungary, down 61%...

MNB

Trade surplus amounts to EUR 1.07 bln in June

In euro terms, exports grew by 8.9% and imports by 8.4% in June 2018 compared to the same month of...

Debt

ÁKK sells HUF 34.5 bln of securities, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 34.5 billion of securities at auction on Thursday, cutting its...

Ratings

Hungarian inflation may go above 3% next year, OTP says

With consumer inflation data due to be published on Wednesday by the Central Statistical Office (KSH), analysts forecast a rate...

Debt

ÁKK sells HUF 18 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 18 billion of bonds maturing in 2026 at a switch auction on...

MNB

Wabererʼs profit drops in Q2

Revenue of Hungarian road haulage group Wabererʼs rose 17% year-on-year to EUR 185 million in the second quarter of 2018,...

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...