Finance

MNB

Wizz Air H1 revenues up almost 25%

Hungarian low-cost airline Wizz Airʼs revenues rose 24.8% year-on-year to EUR 1.149 billion in the first half of its business...

MNB

Trade surplus down slightly in September

Hungaryʼs surplus of trade in September 2017 amounted to EUR 928 million, down by EUR 36 mln compared to the...

Ratings

EBRD raises Hungary GDP growth forecasts

The European Bank for Reconstruction and Development (EBRD) raised its forecast for Hungaryʼs GDP growth this year to 3.8% on...

MNB

MNB intʼl reserves up EUR 333 mln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 22.559 billion at the end of October, up...

Debt

ÁKK sells HUF 40 bln of three-month T-bills, yield rises

The Government Debt Management Agency (ÁKK) sold the originally planned HUF 40 billion of discount three-month T-bills at auction on...

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,...

Debt

ÁKK sells HUF 32 bln of securities, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 32 billion of securities at auction on Thursday, lowering its...

Debt

ÁKK plans big net short-term issuance in Oct-Dec

The Government Debt Management Agency (ÁKK) plans net forint security issues of HUF 240 billion in October-December, nearly all in...

Banking

Competitiveness still a major problem for Hungarian SMEs

Hungary continues to lag behind the other Visegrád countries (Czech Republic, Poland, and Slovakia) in SME per capita labour productivity,...

Debt

ÁKK sells HUF 40 bln of 3-month T-bills, yield back up to zero

The Government Debt Management Agency (ÁKK) sold HUF 40 billion of discount three-month T-bills at auction on Tuesday, as originally...

MNB

MNB ‘fine-tuning’ FX stock unchanged after tender

The National Bank of Hungary (MNB) allotted HUF 150 billion of forint swaps against euros at a tender on Monday,...

Banking

Low taxes spur Coca-Cola investments

Hungaryʼs low taxes have prompted Coca-Cola to make record investments at its bottling plant on the outskirts of Budapest this...

MNB

ÁKK sells HUF 35 bln of six-week T-bills, above plan

The Government Debt Management Agency (ÁKK) sold HUF 35 billion of discount six-week T-bills at a liquidity auction on Monday,...

Ratings

Moodyʼs affirms MFBʼs Baa3 deposit and debt ratings

Moodyʼs Investors Service on Friday affirmed the Baa3 long-term foreign currency-backed senior unsecured debt and deposit ratings of the Hungarian...

MNB

GKI sees little change in economy in 2018

Trends in the Hungarian economy in the first half of the year have continued in the past few months, and...

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...