Finance

Debt

ÁKK sells HUF 40 bln of bonds at switch auction, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 40 billion of bonds maturing in 2025 and 2026 for...

Debt

ÁKK sells HUF 50 bln of 3-month T-bills, over plan

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

MNB

MNB includes Eximbank in state debt calculations

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 72.1% of GDP at the end of December 2017, down...

Ratings

S&P affirms Hungaryʼs outlook as positive

Standard & Poorʼs Global Ratings on Friday affirmed Hungaryʼs "BBB-/A-3" long and short-term foreign and local currency sovereign credit ratings. ...

Debt

ÁKK sells HUF 80 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a total of HUF 80.0 billion of bonds at auction on Thursday, raising...

Debt

ÁKK buys back HUF 25 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 25.18 billion of bonds expiring in 2019 before maturity...

MNB

Current account surplus up in Q4

Hungary had a current account surplus of EUR 884.7 million in the fourth quarter of 2017, up from EUR 805.8...

Debt

ÁKK sells HUF 40 bln of 3-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

Trade surplus edges up in December

Both exports and imports were up by 2.5% in December 2017 in euro terms, compared to the same month of...

MNB

UniCredit profit down 5% year-on-year in 2017

Italian bank UniCredit booked after-tax profit of EUR 165 million at its business in Hungary in 2017, down 5% year-on-year,...

Debt

ÁKK sells HUF 27.5 bln of securities at auction, under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 27.5 billion of securities at auction on Thursday, HUF 8.5...

Ratings

EC ups Hungary 2018 GDP growth forecast to 3.7%

The European Commission (EC) raised its projection for Hungaryʼs GDP growth this year to 3.7% in a fresh forecast yesterday....

MNB

MNB intʼl reserves up EUR 46 mln in January

International reserves of the National Bank of Hungary (MNB) stood at EUR 23.414 billion at the end of January, up...

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

Hungary repays first drawdown of Paks loan

Hungary will make an early repayment of EUR 78.2 million previously drawn for financing the upgrade of the Paks Nuclear...

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...