Finance

MNB

Hungaryʼs state debt 73.9% of GDP at end of 2016

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 73.9% of GDP at the end of December, down from...

Debt

ÁKK sells HUF 48 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a total HUF 48 bln of bonds at auction today, raising its original...

Debt

ÁKK buys back HUF 6.51 bln of bonds early at reverse auction

The Hungarian government’s Debt Management Agency (ÁKK) bought a combined HUF 6.51 billion of bonds expiring in 2018 before maturity...

MNB

Hungary’s net external financing capacity drops on lower capital account

Hungary’s net external financing capacity dropped to EUR 980 million in Q4 2016, and full-year financing also fell, to EUR...

MNB

Lower goods trade surplus leads to slight c/a deficit in December

Hungaryʼs surplus in trade of goods shrank to EUR 124 million in December, or about a quarter of the previous...

Debt

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

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction today, in line with...

MNB

European Commission raises GDP growth forecast for Hungary

Hungaryʼs real GDP growth is expected to be 3.5% this year, the European Commission said in its 2017 winter economic...

Debt

Net sales of retail gov’t securities reach HUF 345.6 bln in January

Net sales of forint-denominated government securities targeted at retail investors came to HUF 345.6 billion in January, bringing the total...

Debt

ÁKK sells HUF 30 bln of twelve-month bills, HUF 5 bln of floaters at auction

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 30 bln of discount twelve-month T-bills at auction today, in line with...

MNB

KBC books Q4 net income of EUR 23 mln in Hungary

Belgium’s KBC Group booked net income of EUR 23 million at its business in Hungary in the fourth quarter, down...

MNB

Hungary’s trade surplus reaches EUR 556 mln

Hungary’s trade surplus decreased by EUR 82 million to EUR 556 mln in December, compared to the same month in...

Debt

ÁKK sells HUF 37 bln of bonds at switch auction, below plan

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 37 bln of bonds maturing in 2022 and 2024 for...

MNB

Businesses tap HUF 526 bln in phase III FGS credit in January

A little more than 12,000 Hungarian micro businesses and SMEs tapped about HUF 526 billion in cheap credit available in...

MNB

MNB international reserves climb EUR 329 mln in January

International reserves of the National Bank of Hungary (MNB) stood at EUR 24.713 billion at the end of January, EUR...

Banking

General gov’t runs HUF 123.4 bln surplus in January

Hungaryʼs cash flow-based general government balance, excluding local councils, showed a HUF 123.4 billion surplus in January, a first reading...

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...