Finance

Debt

ÁKK sells HUF 27 bln of securities at auction, HUF 2 bln over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 27 bln of securities at auction on Friday, raising its...

Debt

ÁKK sells HUF 40 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 40 bln of bonds maturing in 2024 and 2025 for...

MNB

MNB allots combined HUF 150 bln at EUR/HUF FX-swap tenders

The National Bank of Hungary (MNB) said yesterday it had injected another HUF 150 billion forint liquidity into the Hungarian...

Debt

ÁKK sells HUF 20 bln of three-month T-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

Fiscal Council head expects GDP growth to surpass 4%

Economic growth in Hungary could be above 4% of GDP both this year and next year, the head of the...

Debt

ÁKK sells HUF 56 bln of bonds at auction, HUF 11 bln over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 56 bln of bonds at auction on Thursday, HUF 11...

Debt

ÁKK plans HUF 210 bln net forint issues in May-July

Hungaryʼs Government Debt Management Agency (ÁKK) plans net forint security issues of HUF 210 bln in May-July, with net issues...

Debt

ÁKK buys back HUF 56 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought a combined HUF 55.91 bln of bonds expiring in 2018 before maturity at...

Banking

How to Manage the tax Affairs of Foreign Managers

It often occurs that a multinational company employs a foreign manager based on an employment contract or secondment. In the...

MNB

MNB keeps base rate on hold, as expected

As expected, the Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bankʼs key rate...

Debt

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

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

Debt

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

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

MNB

Eurostat maintains reservations over accounting of Magyar Eximbank

Eurostat continues to have reservations about the way Hungary classifies Magyar Eximbank in its national accounts statistics, the European Unionʼs...

MNB

Eximbank signs surety contract with World Bankʼs MIGA

Magyar Eximbank signed a contract with the World Bankʼs Multilateral Investment Guarantee Agency (MIGA) on 95% surety for EUR 300...

Banking

Competitiveness Council discusses proposals to promote digitalization

Hungaryʼs National Competitiveness Council has discussed proposals to promote digitalization, including a proposal on the introduction of a type of...

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...