Finance

MNB

Central bank keeps base rate on hold, narrows corridor

The Monetary Council (MC) of the National Bank of Hungary (MNB) left its base rate on hold at 0.90% at...

Banking

Gen gov’t runs HUF 57.3 bln surplus at end Oct

Hungaryʼs cashflow-based general government deficit, excluding local councils, ran a HUF 57.3 billion surplus at the end of October, the...

Banking

Hungarian government agrees to raise minimum wage

The Hungarian government is reported to have reached an agreement with employers and unions today on planned increases to minimum...

MNB

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

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

MNB

Hungary’s FX debt ratio falls under 25%

The ratio of foreign currency instruments in Hungaryʼs state debt fell under 25% in October, recent data released Monday by...

Debt

ÁKK sells HUF 20 bln of three-month bills, 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...

Ratings

Fitch affirms Hungary rating at ‘BBB-’ with stable outlook

Fitch Ratings affirmed Hungaryʼs Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB-’ with a Stable Outlook late...

MNB

Bank lending to SMEs below undertakings, but stock still rising

Banks that undertook to increase their lending to SMEs by HUF 195 billion in the spring are estimated to have...

Banking

Hungary eyes 9% flat corporate tax

Corporate tax in Hungary will be lowered to a flat 9% as of next year, Hungary’s Prime Minister Viktor Orbán...

Debt

ÁKK sells announced HUF 20 bln of 12-month bills, yield drops

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

MNB

Hungary’s state debt reaches 74.2% of GDP in Q3

Hungaryʼs state debt stood at 74.2% of GDP at the end of Q3, down from 75.0% at the end of...

MNB

Raiffeisen books EUR 48 mln profit in Hungary in Q1-Q3

Austriaʼs Raiffeisen Bank International (RBI) booked a EUR 48 million profit at its Hungarian business in the first three quarters...

MNB

Masterplast Q3 profit falls as revenues drop, financial loss grows

Hungarian building materials maker Masterplastʼs third-quarter net income fell 32% year-on-year to EUR 972,000 on a decline in revenues and...

Debt

ÁKK sells HUF 13.35 bln of bonds at switch auction, below plan

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 13.35 bln of floating-rate bonds maturing in 2019 for ones expiring in...

Banking

Gov’t decree clarifies subsidies for installing e-tills

The Hungarian government will provide a HUF 50,000 subsidy per electronic till to be installed at companies with annual revenues...

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...