Finance

MNB

State debt down slightly at end of Q3

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 72.7% of GDP at the end of September, down from...

Ratings

Moodyʼs: public debt may impact Hungaryʼs macro figures

Hungary has a relatively diversified economy, significantly reduced external vulnerability and a government commitment to prudent fiscal policy, factors which...

MNB

Hungariansʼ purchasing power on the rise, slowly

Per capita purchasing power has jumped above EUR 6,000 in Hungary, which is still less than half of the European...

Debt

ÁKK sells HUF 41 bln of securities, under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 41 billion of securities at auction on Thursday, lowering its...

MNB

Masterplast benefits from better market conditions in Q3

Third-quarter net income of building materials producer Masterplast rose 12% year-on-year to EUR 1.08 million as revenues climbed, lifted by...

Banking

Farkas Bársony joins PwC Hungary

Farkas Bársony has joined tax advisory firm PwC Hungary as a partner from November 1. He was previously managing director...

MNB

Demján buyout makes Gránit Pólus wholly Hungarian

Property developer Sándor Demján has bought Canadian businessman Peter Munkʼs stake in real estate developer and manager Gránit Pólus Group,...

MNB

Preliminary MNB data indicate Q3 drop in external financing capacity

Hungaryʼs net external financing capacity slightly exceeded EUR 1.4 billion in the third quarter of 2017, dropping from an all-time...

MNB

Wabererʼs Q3 net income climbs 8%, revenues up 23%

Third-quarter recurring net income of listed road haulage company Wabererʼs rose 8% year-on-year to EUR 6.2 million, an earnings report...

Debt

ÁKK raises three-month T-bills sale to HUF 45 bln

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

MNB

IMF sees Hungaryʼs GDP growth slowing in 2019

The International Monetary Fund (IMF) is predicting that Hungaryʼs GDP growth could slow to 2.8% in 2019, from a projected...

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,...

Ratings

Fitch improves Hungaryʼs rating

Fitch Ratings revised the outlook on Hungaryʼs long-term foreign and local currency Issuer Default Ratings (IDR) from "stable" to "positive,"...

MNB

European Commission raises GDP growth forecasts

The European Commission (EC) has raised its projections for GDP growth in Hungary to 3.7% for this year and 3.6%...

Debt

ÁKK auctions HUF 81.5 bln of bonds, well over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 81.5 billion of bonds at auction on Thursday, raising its...

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...