Finance

Debt

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

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

MNB

MNB allots HUF 150 bln at EUR/HUF FX swap tender

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

Banking

Why 9%?

Like lightning out of the blue; this is how everyone felt about the big announcement last November that the corporate...

Banking

Where do Taxes Go?

“Taxes” is a topic that entrepreneurs in Hungary are most concerned about. In a roundtable discussion organized by Bridge Budapest...

Banking

New Advertising Tax Rules Will Give Many a Headache: Important not Only for Media Companies

As of January 1, foreign advertisers without a presence in Hungary should prepare for extremely strict sanctions for attempts to...

Debt

ÁKK sells HUF 50.5 bln of bonds at auction, over plan

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 50.5 bln of bonds at auction today, raising its original...

Debt

ÁKK buys back HUF 16.82 bln of bonds early at reverse auction

Hungaryʼs Government Debt Management Agency (ÁKK) bought back a combined HUF 16.82 billion of bonds expiring in 2018 before maturity...

MNB

Commercial property investments up 133% in Hungary in 2016

The value of commercial property investments was up by 133% in Hungary in 2016, reaching EUR 1.7 billion, property consultant...

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...

Banking

Hungary: the International Tax Expert’s Flexible Friend

The words “flexible” and “amazing” are probably not the first that spring to mind for most people when thinking about...

Banking

Tax office shows leniency for errors, saves sanctions for tax evaders

Hungary’s National Tax and Customs Administration (NAV) has become more “customer-friendly”, sanctioning tax evaders while offering assistance to taxpayers who...

MNB

Budapest bourse takes roadshow to Warsaw

The Budapest Stock Exchange was promoting local equity investment opportunities in Warsaw yesterday, the bourse said, according to Hungarian news...

Debt

ÁKK sells HUF 30 bln of 12-month bills, as planned

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

Debt

ÁKK sells HUF 22 bln of bonds at switch auction, below plan

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 22 billion of bonds maturing in 2024 and 2025 for...

Debt

ÁKK sells planned volume of three-month T-bills at auction

Hungary’s Government Debt Management Agency (ÁKK) sold the planned HUF 25 bln of three-month discount T-bills at auction today, according...

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...