Finance

Debt

ÁKK sells HUF 34.5 bln of bonds at auction, HUF 5.5 bln under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 34.5 billion of bonds at auction today, cutting its original...

Debt

ÁKK buys back HUF 19.1 bln of bonds early at reverse auction

The Government Debt Management Agency bought a combined HUF 19.1 bln of bonds expiring in 2018 and 2019 before maturity...

MNB

MNB keeps base rate on hold, as expected

The National Bank of Hungaryʼs Monetary Policy Council decided to keep the central bankʼs key rate on hold at 0.90%...

Debt

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

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

MNB

Surplus on trade widens, capital transfers from EU rise in May

Hungaryʼs trade surplus neared EUR 1.2 billion in May, and was up EUR 115 million from April as a rising...

MNB

CEE’s automotive wage growth revs up pressure

With the automotive workforce in Central Europe becoming more expensive, Hungary saw a 10% growth in salaries in the first...

Banking

Slovakia could adopt a Hungarian style EKAER system

Since the introduction of the Electronic Public Road Trade Control System (EKAER) in Hungary, considerable progress has been made in...

MNB

Banking sector liquidity rises in June

Forint liquidity of Hungaryʼs banking sector rose in June from May, the National Bank of Hungary (MNB) said in a...

Debt

ÁKK sells HUF 21.5 bln securities at auction, above plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 21.5 bln of securities at auction on Thursday, raising its...

Debt

ÁKK sells HUF 32.5 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) exchanged a combined HUF 32.5 billion of 2026/D bonds for bonds maturing in 2019...

Banking

Varga wants rethink of EC measures re aggressive tax planning

Minister for National Economy Mihály Varga has proposed a rethink of measures to counter tax avoidance presented by the European...

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 today, in line with...

Ratings

Hungary rating not updated – Moodyʼs

Moodyʼs Investors Service did not update Hungaryʼs sovereign rating on Friday, although it was scheduled for a review, Hungarian news...

Banking

Orbán promises MÁV workers 30% pay rise

Prime Minister Viktor Orbán has promised employees of state-owned railway company MÁV a 30% pay rise over three years, Hungarian...

MNB

MNB international reserves down EUR 268 mln in June

International reserves of the National Bank of Hungary (MNB) stood at EUR 23.461 billion at the end of June, down...

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...