Finance

Debt

ÁKK sells HUF 40 bln of 3-month bills at negative yield

The Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount three-month Treasury bills at auction on Tuesday, in...

MNB

Trade surplus narrows slightly in November

In euro terms, exports were up by 6.1% and imports by 7.8% in November 2017 compared to the same month...

MNB

Tender lowers ‘fine-tuning’ FX swap stock

The National Bank of Hungary (MNB) on Monday injected HUF 99.8 billion forint liquidity into the Hungarian banking system through...

Banking

Change in approach improves Hungarian tax collection rate

Tax revenues in Hungary were 5% up year-on-year in 2017, by HUF 609 billion, the National Tax and Customs Administration...

MNB

MNB: Retail lending stock lower in November

Hungarian banksʼ retail lending stock dropped HUF 27 billion to HUF 5,826 bln in November from the previous month, falling...

Debt

ÁKK sells HUF 75 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 75 billion of bonds at auction on Thursday, raising its...

MNB

Hungaryʼs external debt continues to shrink

Hungaryʼs sustained net external financing capacity - the combined surplus of the current and capital accounts - has cut the...

MNB

Tender lifts ‘fine-tuning’ FX swap stock to HUF 1.618 tln

The National Bank of Hungary (MNB) on Tuesday injected HUF 99.7 billion of forint liquidity into the Hungarian banking system...

Debt

ÁKK sells HUF 80 bln of T-bills, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 80 billion of discount six-week and three-month T-bills at auction...

Ratings

Ministry keeps Hungaryʼs GDP growth forecast above 4%

The Hungarian Ministry for National Economy maintained the projection of 4.1% GDP growth in 2017 and a 4.3% increase in...

MNB

MNB: Hungarian state debt slightly lower in Q3

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 72.4% of GDP at the end of the third quarter...

MNB

Hungarian trade surplus revised downwards

Hungaryʼs October trade surplus was revised downwards to EUR 495 million in a second reading of data released by the...

MNB

Tender lowers ‘fine-tuning’ FX swap stock to HUF 1.518 tln

The National Bank of Hungary (MNB) injected HUF 21.9 billion liquidity into the Hungarian banking system yesterday via a "fine-tuning...

MNB

Net external financing capacity down sharply in Q3

Hungaryʼs net external financing capacity - the combined surplus of the current and capital accounts - reached EUR 1.103 billion...

MNB

MNB keeps inflation projections under 3%

Hungaryʼs consumer inflation will reach the central bankʼs 3.0% mid-term target "by the middle of 2019," the National Bank 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...