Finance

Debt

Demand low for 3-month t-bills, yield rises

The Government Debt Management Agency (ÁKK) sold HUF 33 billion of discount three-month Treasury bills at auction on Tuesday, cutting...

MNB

Budapest bourse to introduce mortgage bond indices

The Budapest Stock Exchange (BSE, or BÉT using its Hungarian acronym) will launch three mortgage bond indices, unique in the...

Debt

ÁKK sells HUF 38 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 38 billion of securities at auction on Thursday, raising its...

MNB

Hungary joins Sino-CEE Fund

Hungaryʼs government has decided to join the Sino-CEE Fund with a EUR 50 million contribution, according to a resolution published...

Ratings

OECD raises Hungary GDP growth forecasts

The Organisation for Economic Co-operation and Development (OECD) has raised its GDP growth forecasts for Hungary in its biannual Economic...

Debt

ÁKK sells HUF 44 bln of three-month bills, 10% over plan

The Government Debt Management Agency (ÁKK) sold HUF 44.0 billion of discount three-month Treasury bills at auction on Tuesday, raising...

Debt

ÁKK sells HUF 40 bln of six-week T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 40 billion of discount six-week T-bills at a liquidity auction on Monday,...

Debt

ÁKK sells HUF 82.5 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 82.5 billion of bonds at auction on Thursday, raising its...

MNB

MNB reaches for unconventional monetary policy tools

The Monetary Council of the National Bank of Hungary (MNB) has decided to introduce two unconventional monetary policy tools from...

MNB

Tender under way for Paks turbines

A consortium of General Electricʼs Hungarian unit and Alstom Power Systems, as well as Russian company Silavie Masini, has entered...

Debt

ÁKK sells HUF 45 bln of 3-month T-bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 45 billion of discount three-month T-bills at auction on Tuesday, HUF 5...

Ratings

Fitch revises outlook of four Hungarian banks to positive

Fitch Ratings revised the outlook on four Hungarian banks from "stable" to "positive" on Monday. The move followed a similar...

MNB

Hungary signs for EUR 200 mln EIB credit to fund EU programs

The European Investment Bank (EIB) will extend EUR 200 million in credit to the Hungarian government to help finance investments...

Debt

ÁKK sells HUF 50 bln of six-week T-bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 50 billion of discount six-week T-bills at a liquidity auction on Monday,...

MNB

Study links flat rental prices to salaries

Furnished housing aggregator Nestpick has released the 2017 Furnished Apartment Index, detailing the costs of both furnished and unfurnished apartments...

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...