Finance

Debt

ÁKK sells HUF 9.5 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 9.5 billion of bonds maturing in 2024 and 2026 at...

Debt

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

The Government Debt Management Agency (ÁKK) sold HUF 40 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

Hungary makes progress in reducing NPL ratios, EBRD says

Credit growth is picking up in Central, Eastern and Southeastern Europe (CESEE) on the back of a robust economic recovery...

MNB

Current account surplus tops EUR 1 bln in Q1

Hungaryʼs current account surplus reached EUR 1.027 billion in the first quarter, the National Bank of Hungary (MNB) said on...

Banking

Higher oil prices to raise CPI, but MNB sees no spillover

Inflation could rise slightly over the 3% mid-term target in the coming months on the back of sharp increases in...

Debt

ÁKK auctions HUF 55 bln of bonds, slightly over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 55.0 billion of bonds at auction on Thursday, raising its...

Ratings

Moodyʼs downgrades outlook on Digi ratings

Moodyʼs Investors Service has changed its outlook from positive to stable on Digi Communications N.V. (Digi or DCS), the parent...

Debt

ÁKK buys back HUF 21 bln of bonds early

The Government Debt Management Agency (ÁKK) bought back a combined HUF 21.37 billion of bonds expiring in 2019 before maturity...

Banking

Government submits wide raft of tax changes

A bill submitted by the government to Parliament late Tuesday would raise the revenue threshold for the Small Business Tax...

Debt

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

The Government Debt Management Agency (ÁKK) sold HUF 52.0 billion of discount three-month T-bills at auction on Tuesday, raising its...

MNB

Central bank to tighten mortgage lending conditions

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

MNB

Banking Association welcomes tighter mortgage lending rules

The Hungarian Banking Association (MBSz) has welcomed plans by the National Bank of Hungary (MNB) to lower statutory debt-to-income ratios...

Debt

ÁKK securities, switch sales fall short of plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 21 billion of securities at auction on Thursday, lowering its...

MNB

Budapest among cheapest cities to relocate, study finds

Living costs for new arrivals spending their first month in Budapest amount to EUR 742.85 on average, placing the Hungarian...

MNB

CE Fund of Funds topped up to EUR 97 mln

The European Investment Fund (EIF) and the Hungarian Development Bank (MFB) today announced the latter’s commitment to the Central Europe...

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...