Finance

Debt

ÁKK sells HUF 69.5 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 69.5 billion of bonds at auction on Thursday, raising its...

MNB

Ongropack inaugurates HUF 9.1 bln plant

Hungarian family-owned PVC plastics manufacturer and distributor Ongropack inaugurated a HUF 9.1 billion plant in Szirmabesenyő (NE Hungary) on Tuesday,...

Debt

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

The Government Debt Management Agency (ÁKK) sold HUF 40.0 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

Net external financing capacity 1.8% of GDP in Q4

Adjusted for seasonal effects, Hungaryʼs net external financing capacity - the combined surplus on its current and capital accounts -...

Debt

ÁKK sells HUF 42 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 42.0 billion of securities at auction on Thursday, raising its...

MNB

Pénzügykutató, Századvég raise 2018 growth forecasts

Economic research firm Századvég raised its GDP growth forecast for Hungary this year to 4.1% in an update released on...

Debt

ÁKK sells HUF 26.5 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 26.5 billion of bonds maturing in 2026 and 2028, accepting...

Debt

ÁKK sells planned HUF 40 bln of three-month T-bills

The Government Debt Management Agency (ÁKK) sold HUF 40.0 billion of discount three-month T-bills at auction on Tuesday, in line...

Debt

Increased T-bill sales feature in ÁKKʼs Q2 plan

Hungaryʼs Government Debt Management Agency (ÁKK) plans modest net forint securities issues of HUF 94 billion in April-June, paying off...

Debt

Hungary issues JPY 30 bln samurai bond

Hungaryʼs Government Debt Management Agency (ÁKK) on Wednesday said it has issued a three-year JPY 30 billion samurai bond.  The...

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 Wednesday, raising its...

Debt

ÁKK sells HUF 60 bln of 3-month bills at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 60.0 billion of discount three-month T-bills at auction on Tuesday,...

Banking

OrienTax appoints new directors

From March 1, Péter Kiss and György Boár have been promoted to directors at independent tax advisory firm OrienTax, according...

Ratings

Fitch affirms Hungary ‘BBB-’ rating, ‘positive’ outlook

Fitch Ratings affirmed Hungaryʼs sovereign rating at ‘BBB-’, just over the investment grade threshold, in a scheduled review on Friday. ...

MNB

Trade surplus up in January as exports outstrip imports

In euro terms, exports increased by 10% and imports by 9.3% in January 2018 compared to the same month of...

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...