Finance

MNB

MNB aims to reduce country risk premium – Nagy

The Monetary Council of the National Bank of Hungary (MNB) is committed to reducing the country risk premium paid on...

Debt

ÁKK sells HUF 61.5 bln of bonds, slightly over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 61.5 billion of bonds at auction on Thursday, HUF 1.5...

Debt

ÁKK buys back bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought a combined HUF 43.65 billion of bonds expiring in 2019 before maturity at...

Debt

ÁKK sells HUF 30 bln of three-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 30.0 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

M&A deals totaled EUR 2.7 bln in Hungary last year

China became the largest outside investor in the Central, Southeast and East European countries in 2017, according to a report...

Debt

ÁKK sells HUF 36 bln of securities at auction, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 36 billion of securities at auction on Thursday, in line...

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...

Debt

ÁKK sells HUF 78 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 78 billion of bonds at auction on Thursday, raising its...

Ratings

Moodyʼs: outlook for CEE sovereign creditworthiness ‘stable’

Moodyʼs Investors Service has given the Central and Eastern Europe (CEE) region a “stable” outlook for sovereign creditworthiness, reflecting solid...

Debt

ÁKK buys back HUF 88.7 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 88.7 billion of bonds expiring in 2019 before maturity...

MNB

Ministry, central bank expect 4% GDP growth in 2017

Both the Ministry for National Economy and the National Bank of Hungary (MNB) expect GDP growth of around 4% in...

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 Treasury bills at auction on Tuesday, in...

MNB

UniCredit Mortgage Bank bonds rated by Moodyʼs

Moodyʼs Investors Service on Friday assigned definitive Baa1 long-term ratings to the mortgage-covered bonds issued by UniCredit Mortgage Bank Zrt.,...

Debt

Demand high at bond auction, sales exceed plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 45 billion of securities at auction on Thursday, raising its...

Debt

ÁKK exchanges HUF 40 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) exchanged bonds maturing in 2020 for HUF 40.0 billion of bonds maturing in 2025...

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...