Finance

MNB

Record net external financing capacity in Q3, data suggest

Hungaryʼs net external financing capacity rose to EUR 3.89 billion in the third quarter, a new record, as surpluses in...

Debt

Magyar Eximbank sells EUR 75 mln eurobonds at negative yield

Magyar Eximbank sold EUR 75 million of one-year eurobonds at an auction on Monday, a disclosure posted on the website...

Debt

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

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

MNB

MNB allots HUF 200 bln at third EUR/HUF FX swap tender

The National Bank of Hungary (MNB) allotted HUF 200 billion of one-month forint swaps against euros at a tender on...

Banking

Gov’t proposes raising minimum wage, cutting payroll taxes

The Hungarian government is proposing a 15% raise in the minimum wage of unskilled workers for next year and a...

Debt

Bond auction sales exceed plan, yields rise

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 52 billion of bonds at auction today, raising its original...

MNB

EC revises Hungary GDP growth forecast down to 2.1%

Hungaryʼs real GDP growth is expected to be 2.1% this year, the European Commission said in its autumn economic forecast...

MNB

Trade surplus over EUR 1 bln in September

Hungaryʼs trade surplus reached EUR 1.04 billion in September, up EUR 175 million compared to the same month a year...

MNB

Mol bids for Anheuser-Busch brands, Reuters reports

Hungary’s oil and gas company Mol is one of at least six companies submitting indicative offers by industry players and...

Debt

ÁKK buys back HUF 143 bln of bonds at reverse auction

Hungary’s Government Debt Management Agency (ÁKK) bought back a combined HUF 142.98 billion of bonds expiring in 2018 before maturity...

Ratings

FHBʼs covered bonds receive Moody’s upgrade

Moodyʼs Investors Service has upgraded the covered bonds issued by FHB Mortgage Bank Co. Plc. from Ba1 (on review for...

Ratings

OTP Mortgage Bankʼs covered bonds get upgrade

Moodyʼs Investors Service has upgraded the covered bonds issued by OTP Jelzálogbank Zrt. (OTP Mortgage Bank) from Baa2 to Baa1,...

Ratings

Moody’s upgrades four Hungarian banks

Moodyʼs Investors Service has taken rating actions on four Hungarian banks, prompted by the upgrade of the Hungarian governmentʼs debt...

Debt

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

Hungaryʼs Government Debt Management Agency (ÁKK) sold a combined HUF 20 bln of discount three-month T-bills at auction today, in...

Ratings

City of Budapest gets Moody’s rating upgrade

Moodyʼs Public Sector Europe (MPSE) has upgraded the issuer rating of the City of Budapest, Hungary’s capital, from Ba1 to...

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...