Finance

Debt

ÁKK sells HUF 33.5 bln of securities at auction, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 33.5 billion of securities at auction on Thursday, lowering its...

MNB

Weak Forint, Sluggish Industrial Performance Only Temporary

Hungary’s industry barely expanded in May, while the June consumer price index exceeded the central bank’s mid-term goal of 3%....

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, accepting bonds expiring in 2020...

Debt

ÁKK sells HUF 52 bln of 3-month T-bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 52 billion of three-month discount T-bills at auction on Tuesday, HUF 12...

MNB

Trade surplus reaches EUR 577 mln in May

In euro terms, exports were practically unchanged and imports rose by 2.9% in May 2018, compared to May 2017, shows...

MNB

International reserves slightly lower

The National Bank of Hungaryʼs (MNB) international reserves stood at EUR 24.061 billion at the end of June, down EUR...

Debt

ÁKK bond sales fall short; no retail interest hike planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 45.85 billion of bonds at auction on Thursday, HUF 4.15...

Debt

ÁKK buys back HUF 5.75 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought back HUF 5.75 billion of bonds expiring in 2019 before maturity at a...

MNB

External financing capacity improves in Q1 – MNB

In Q1 2018, net lending of the Hungarian economy rose due to rising absorption of EU transfers. As a result...

Debt

Sale of three-month T-bills falls short of plan

The Government Debt Management Agency (ÁKK) sold HUF 36.5 billion of discount three-month T-bills at auction on Tuesday, lower than...

MNB

State debt figure lowered in second reading

Hungaryʼs state debt as a percentage of GDP reached 73.9% at the end of the first quarter, including Eximbank, a...

Debt

ÁKK sells HUF 36 bln of six-week T-bills, below plan

The Government Debt Management Agency (ÁKK) sold HUF 36 billion of discount six-week T-bills at auction on Monday, HUF 4...

Banking

IMF urges Hungary to reduce state debt further

Staff of the International Monetary Fund (IMF), while acknowledging Hungaryʼs strong economic growth and a marked reduction in its external...

Debt

ÁKK securities sales fall short of plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 22.5 billion of securities at auction on Thursday, lowering its...

Banking

Govʼt to continue payroll tax cuts, conditional on wage rises

Minister of Finance Mihály Varga confirmed on Wednesday that the government would continue to reduce the payroll tax in 2019...

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...