Finance

MNB

Foreign trade surplus in services narrows in Q2

The surplus in the foreign trade of services stood at EUR 1.880 billion in the second quarter of 2017, down...

MNB

Draghi: ECB continues to monitor MNB foundations

The European Central Bank (ECB) continues to monitor several operations of the National Bank of Hungary (MNB), including the investment...

Ratings

S&P revises outlook on Eximbank credit rating to ʼpositiveʼ

Credit rating agency Standard & Poorʼs revised its credit rating outlook for Magyar Export-Import Bank (Eximbank) from "stable" to "positive"...

MNB

June trade surplus revised downward slightly

Hungary had a EUR 998 million external trade surplus in June. The surplus was revised from EUR 1.06 billion in...

Debt

ÁKK sells HUF 47.5 bln of bonds

The Government Debt Management Agency (ÁKK) sold a combined HUF 47.5 billion of bonds at auction on Thursday, raising its...

Banking

More Hungarians opt for Itemized Small Business Tax

Almost 50,000 Hungarian businesses have opted to pay the Itemized Small Business Tax, known by its Hungarian acronym KATA, instead...

Debt

ÁKK sells planned HUF 15 bln of three-month T-bills

The Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

MNB allots combined HUF 175 bln at EUR/HUF FX swap tenders

The National Bank of Hungary (MNB) injected HUF 175 billion of forint liquidity into the Hungarian banking system Monday via...

Ratings

Varga: S&P‘s ‘positive‘ outlook affirmation of economic policy

Rating agency Standard & Poorʼs decision late Friday to change the outlook on Hungaryʼs sovereign rating from ʼstableʼ to ʼpositiveʼ...

Ratings

S&P revises outlook on Hungary rating to ‘positive’

Standard & Poorʼs Global Ratings revised the outlook on Hungaryʼs "BBB-/A-3" long and short-term foreign and local currency sovereign credit...

MNB

Banksʼ household loan portfolios grow nearly 3% in Q2

In Q2 2017, the portfolio of household loans of credit institutions in Hungary increased by 2.81% year-on-year, according to data...

Debt

ÁKK sells HUF 22.5 bln of securities at auction, above plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 22.5 billion of securities at auction on Thursday, HUF 2.5...

Debt

ÁKK exchanges HUF 30 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) exchanged a combined HUF 30 billion of 2026/D bonds for ones maturing in 2019...

Debt

ÁKK sells HUF 15 bln of three-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

Raiffeisen Bank certified to offer ’consumer-friendly’ home loans

Raiffeisen Bank is the latest institution to be certified to offer "consumer-friendly" home loans, the National Bank of Hungary (MNB)...

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...