Finance

MNB

Funding for Growth Scheme ends after disbursing HUF 2.811 tln

Some 13,934 Hungarian microbusinesses and SMEs have tapped about HUF 685 billion in cheap credit available in the third and...

Debt

ÁKK sells HUF 27 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 27 bln of bonds maturing in 2024 and 2025 for...

Banking

Fidesz MP hints at cut, not raise, in ad tax

Hungary will not introduce a 9% advertising tax - almost double the current measure - in 2018, as had been...

Banking

Lázár says ad tax rate still undecided

Although Minister for National Economy Mihály Varga submitted a proposal to Parliament that would raise the advertising tax from 5.3%...

Debt

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

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

MNB

ÁKK launches 2-year bonds for retail investors

Hungaryʼs Government Debt Management Agency (ÁKK) launched sales of two-year government securities targeted at retail investors on Monday, Hungarian news...

MNB

MNB allots combined HUF 200 bln of EUR/HUF swaps at tender

The National Bank of Hungary (MNB) allotted HUF 100 billion of one-month and HUF 100 bln of three-month forint swaps...

MNB

MNB explains discrepancy between earlier GDP growth forecast, actual figure

The National Bank of Hungary has attributed a marked difference between its earlier projection for 2016 GDP growth and the...

MNB

MNB leaves countercyclical capital buffer rate at 0%

The National Bank of Hungary (MNB) has left the rate of its countercyclical capital buffer, established last year to mitigate...

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 on Thursday, raising its...

Debt

ÁKK buys back HUF 59.18 bln of bonds early at reverse auction

The Government Debt Management Agency (ÁKK) bought a combined HUF 59.18 billion of bonds expiring in 2018 and 2019 before...

MNB

MNB ‘unexpectedly dovish’ after Council meeting

The National Bank of Hungary (MNB) is being viewed as unexpectedly dovish after its Monetary Council decided Tuesday to set...

Banking

Government plans major advertising tax hike

Advertising tax in Hungary is set to be raised from the current 5.3% to 9% as of June, for taxpayers...

Debt

ÁKK sells HUF 20 bln of 3-month bills, average yield 0.03%

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

MNB

Eyes fixed on MNB’s council meeting Tuesday

Tomorrow’s meeting of the Monetary Council of the National Bank of Hungary (MNB) is expected to be characterized by further...

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...