Finance

Debt

ÁKK sells HUF 75 bln of six-week T-bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 75 billion of six-week discount "liquidity" T-bills at auction on Monday, raising...

Banking

Govt to continue payroll tax cuts in 2019

Hungaryʼs new government will continue to reduce the payroll tax and increase tax preferences for families with two children, Prime...

Debt

ÁKK sells HUF 76 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 76 billion of bonds at auction on Thursday, HUF 11...

MNB

Hungaryʼs central bank not stepping in to strengthen forint

The Monetary Council of the National Bank of Hungary (MNB) decided to keep the MNBʼs key rate on hold at...

Debt

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

The Government Debt Management Agency (ÁKK) sold HUF 50.0 billion of discount three-month T-bills at auction on Tuesday, in line...

Debt

ÁKK sells HUF 49.5 bln of securities at auction, fraction over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 49.5 billion of securities at auction on Thursday, slightly more...

MNB

Hungary state debt 74.2% of GDP at end of Q1

Hungaryʼs state debt as a percentage of GDP reached 74.2% at the end of the first quarter, fresh data released...

MNB

Hungary c/a surplus reaches EUR 1.348 bln in Q1

Hungaryʼs current account surplus reached EUR 1.348 billion in the first quarter of 2018, state news agency MTI has calculated...

MNB

Raiffeisen profit in Hungary slips 22% in Q1

Raiffeisen Bank International (RBI) booked EUR 14 million in after-tax profit at its business in Hungary in the first quarter,...

Debt

ÁKK sells HUF 70 bln of three-month T-bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 70.0 billion of discount three-month T-bills at auction on Tuesday, raising its...

Debt

ÁKK sells HUF 90.5 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 90.5 billion of government bonds at auction on Thursday, raising...

MNB

Trade surplus slips EUR 264 mln in March

In euro terms, exports dropped by 3.8% and imports by 1.1% in March 2018 compared to the same month of...

Debt

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

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

MNB

Moodyʼs maintains positive outlook on Hungarian banks

A buoyant economy and improving loan performance drive Moodyʼs Investors Serviceʼs positive outlook on Hungarian banks for the second year...

MNB

Wabererʼs earnings report shows modest profit

Hungarian haulier Wabererʼs International registered revenue growth of 15% in Q1, but gross profit grew only 5% and EBITDA even...

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...