Finance

MNB

Masterplast breaks even in Q1

Hungarian building materials maker Masterplast broke even in the first quarter, just as it did in the base period, an...

Ratings

Fitch affirms Hungary ‘BBB-’ rating, outlook stays ‘stable’

Ratings agency Fitch affirmed Hungary’s sovereign rating at ‘BBB-’, just over the investment grade threshold, in a scheduled review on...

Ratings

Analysts expect Fitch to keep Hungary rating unchanged

Analysts polled by Hungarian news agency MTI do not expect Fitch Ratings to change either the investor-grade rating or the...

Banking

EC raises growth forecasts for Hungary

In a fresh forecast released today, the European Commission has raised its projections for GDP growth in Hungary to 3.6%...

Debt

ÁKK sells HUF 50 bln of bonds at auction, HUF 5 bln over plan

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

Banking

Gov’t to help pensioners back to work with bill

The governing Fidesz-KDNP coalition has submitted a bill to Parliament under which pensioners would have better opportunities to return to...

Debt

ÁKK buys back HUF 66 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought a combined HUF 66.09 bln of bonds expiring in 2018 and 2019 before...

Debt

ÁKK sells HUF 20 bln of 3-month bills, as planned

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

MNB

MNB allots HUF 200 bln at EUR/HUF swap tenders

The National Bank of Hungary (MNB) allotted HUF 200 billion of forint swaps against euros at tenders on Monday, Hungarian...

MNB

Graphisoft Park Q1 profit climbs 50%

First-quarter after-tax profit of Graphisoft Park, a listed company that owns and operates a business park in the north of...

Ratings

Moodyʼs upgrades FHB Mortgage Bankʼs deposit ratings

Rating agency Moodyʼs Investors Service upgraded the long-term local and foreign currency deposit ratings of FHB Mortgage Bank from B3...

MNB

Hungaryʼs trade surplus slips slightly in March

Hungary’s trade surplus dropped by EUR 1.5 million to EUR 956 mln in March, according to a first release of...

MNB

MNB intʼl reserves edge down EUR 22 mln in April

International reserves of the National Bank of Hungary (MNB) stood at EUR 24.376 billion at the end of April, down...

MNB

Erste Group books Q1 net income of EUR 27.8 mln in Hungary

The Austrian Erste Group booked first-quarter net income of EUR 27.8 million at its business in Hungary, after making a...

Banking

Ad tax hike could undermine media, says association

The Hungarian Advertising Association (MRSZ) has called on the government to drop plans to raise advertising tax from the current...

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...