Finance

Debt

ÁKK sells HUF 50 bln of three-month T-bills, as planned

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

Debt

ÁKK sells HUF 50 bln of six-week T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 50 billion of discount six-week T-bills at an auction on Monday, in...

Banking

Government considers solutions for labor shortage

If a shortage of trained workers were to endanger an important investment, the government would help to fill the gap...

Banking

Orbán: 2019 budget bill to ensure ‘secure growth’

The government has drafted next yearʼs budget with increased reserves and a smaller deficit to provide a defense for possible...

Ratings

Moodyʼs upgrades K&H forint deposit rating

Moodyʼs Investors Service has upgraded the long-term and short-term local currency deposit ratings of Hungaryʼs K&H Bank from Baa3/Prime-3 to...

MNB

Trade surplus declines in April

In euro terms, exports increased by 10.7% and imports by 15.7% in April 2018 compared to the same month of...

Debt

ÁKK sells HUF 72 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 72 billion of bonds at auction on Thursday, raising its...

MNB

MNB international reserves up EUR 2 bln in May

International reserves of the National Bank of Hungary (MNB) stood at EUR 25.172 billion at the end of May, up...

Debt

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

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

Debt

ÁKK sells HUF 50 bln of six-week bills at auction

The Government Debt Management Agency (ÁKK) sold HUF 50.0 billion of discount six-week "liquidity" T-bills at auction on Monday, in...

MNB

French poultry processor acquires Hungaryʼs Tranzit

France’s largest poultry processor, LDC, will acquire Hungarian group Tranzit, LDC announced today. The acquisition will provide the company a...

Debt

ÁKK sells HUF 40 bln of securities at auction, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 40.0 billion of securities at auction on Thursday, HUF 5...

MNB

Outlays of ‘consumer-friendly’ home loans reach HUF 100 bln

The stock of Hungarian lendersʼ outlays of certified "consumer-friendly" home loans is expected to climb over HUF 100 billion by...

Debt

ÁKK exchanges HUF 16 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) exchanged three-year bonds maturing in 2019 and 2020 for HUF 16.0 billion of ten-year...

Debt

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

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

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...