Finance

Banking

POS terminal numbers climb 9%

The number of point-of-sale bankcard terminals in Hungary climbed 9% year-on-year to 107,800 in the third-quarter, data released by the...

MNB

EIB grants EUR 400 mln credit for rural development

Minister for National Economy Mihály Varga and European Investment Bank (EIB) Vice President Vazil Hudák signed an agreement on Thursday...

Debt

ÁKK sells HUF 20 bln of 12-month bills, as planned

Hungaryʼs Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount 12-month T-bills at auction on Thursday, in line...

MNB

Kopint-Tárki ups 2017 GDP growth forecast to 3.2%

Economic researcher Kopint-Tárki has revised its projection for next yearʼs GDP growth from 2.7% to 3.2% in a quarterly forecast...

Banking

Advertising Association fears tax may kill billboard business

The Hungarian Advertising Association (MRSZ) says the special tax on advertising in public spaces and the tightening of the law...

Debt

ÁKK sells HUF 28.5 bln of bonds at switch auction

At a switch auction on Wednesday, the Government Debt Management Agency (ÁKK) sold HUF 28.5 bln of bonds maturing in...

Banking

Parliament passes bill reducing payroll tax

The Hungarian Parliament yesterday passed a bill that will reduce payroll tax from 27% to 22% from next year, and...

Debt

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

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

MNB

Matolcsy predicts 3.5-4% GDP growth in 2017

GDP growth in Hungary could reach 3.5-4% in 2017, above even the governmentʼs own forecast, National Bank of Hungary Governor...

Banking

Higher wages could support technology changeover, MNB says

A pickup in wage growth in Hungary will create demand, but also accelerate adaptation to new technology and move the...

Banking

The world of M&A transactions according to a tax advisor

Mergers and acquisitions can have many advantages if all goes well. But they can also be harmful and produce integration...

Debt

ÁKK sells planned volume of bonds despite high demand, yields drop

Hungaryʼ sGovernment Debt Management Agency (ÁKK) sold the announced HUF 45 billion of bonds at auction today despite strong oversubsciption,...

MNB

Hungary’s trade surplus grows to EUR 891 mln in Oct

Hungary’s trade surplus was up by EUR 167 million in October, compared to the same period in 2015, amounting to...

Debt

ÁKK buys back HUF 84.1 bln of bonds early at reverse auction

Hungary’s Government Debt Management Agency (ÁKK) bought a combined HUF 84.1 bln of bonds expiring in 2018 before maturity at...

Banking

New billboard tax could hurt ad businesses

The Hungarian Advertising Association (MRSZ) believes a recently submitted bill on raising taxes on billboard advertising could significantly raise costs...

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...