Finance

MNB

2016 net external financing capacity revised up in 2nd reading

Hungaryʼs net external financing capacity - the combined surplus of the current and capital accounts - came to EUR 6.23...

Debt

ÁKK sells HUF 50 bln of bonds, HUF 10 bln over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 50 billion of bonds at auction on Thursday, raising its...

MNB

Interest on student loans to drop by yearʼs end

State-owned student loan provider Diákhitel Központ has announced it will be lowering interest rates on its loans in the second...

Debt

ÁKK buys back HUF 109.57 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 109.57 billion of bonds expiring in 2018 and 2019...

MNB

Hungary’s net external financing capacity at 5% of GDP in Q1

Adjusted for seasonal effects, Hungaryʼs net external financing capacity - the combined surplus of the current and capital accounts -...

MNB

MNB lowers inflation forecast to 2.4% for 2017

The National Bank of Hungary (MNB) lowered its inflation forecast for 2017 to 2.4% in its quarterly Inflation Report released...

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...

Debt

ÁKK plans HUF 133 bln net forint issues in Jul-Sep

Hungaryʼs Government Debt Management Agency (ÁKK) plans net forint security issues of HUF 133 billion in July-September with net issues...

Debt

ÁKK sells HUF 25 bln of securities at auction, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 25 billion of securities at auction today, sticking to its...

MNB

Microbusinesses receive FGS credit of HUF 860 bln

Hungarian microbusinesses were the recipients of HUF 860 billion in cheap credit under the Funding for Growth Scheme (FGS) of...

Debt

ÁKK sells HUF 50 bln of bonds at switch auction, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 50 bln of bonds maturing in 2025 and 2026 for...

Banking

Parliament approves 2018 tax package

The Hungarian Parliament approved a package of tax changes that will reduce the VAT rates on internet services, fish and...

Debt

ÁKK sells HUF 20 bln of three-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount three-month T-bills at auction today, in line with...

MNB

MNB issues recommendation on corporate NPLs

The National Bank of Hungary (MNB) said on Friday it has issued a recommendation for financial institutions on managing corporate...

Debt

ÁKK sells HUF 50 bln of bonds, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 50 bln of bonds at auction today, raising its original...

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...