Finance

Ratings

Standard & Poorʼs to review Hungary credit rating on Aug. 25

International credit ratings agency Standard & Poorʼs is scheduled to review Hungaryʼs sovereign credit rating on August 25. This will...

MNB

State debt edges down to 74% of GDP at end of H1

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 74% of GDP at the end of June, down slightly...

Debt

ÁKK sells HUF 47.5 bln of bonds at auction, over plan

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

Debt

ÁKK buys back HUF 5.4 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 5.4 billion of bonds expiring in 2018 and 2019...

MNB

External financing capacity rises on higher EU transfers, c/a surplus

Hungaryʼs external financing capacity rose sharply in June from the previous two months to EUR 1.7 billion because of a...

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

Eximbank reclassification could hurt state debt ratio

The inclusion of Magyar Eximbank in Hungaryʼs general government balance could increase state debt as a proportion of GDP from...

MNB

Waberer’s H1 profit climbs 28%

Hungarian road haulage company Wabererʼs International had net income attributable to equity holders of the parent company amounting to EUR...

Debt

OTP launches HUF 200 bln bond program

Hungaryʼs leading commercial financial institution OTP Bank announced Thursday on the Budapest Stock Exchange that it is launching a HUF...

Debt

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

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

MNB

Banks see no major problems as exchange rate scheme concludes

Hungarian banks told state news agency MTI Wednesday that they see no signs of widespread problems with borrower repayments as...

Debt

ÁKK sells HUF 34 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 34 billion of bonds maturing in 2022 and 2026 for...

MNB

Graphisoft Park net profit down in Q2, up in H1

Net profit of Graphisoft Park, a listed company that owns and operates a business park in the north of the...

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

Trade surplus reaches EUR 1.06 bln in June

The surplus in the external trade in goods in June 2017 amounted to EUR 1.06 billion, the Central Statistical Office...

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...