Finance

MNB

MNB international reserves rise EUR 1.339 bln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 24.999 bln at the end of October, up...

Ratings

Moody’s elevates Hungary from junk to investment grade

Hungary’s long-term issuer and senior unsecured government bond ratings have been upgraded by one notch to Baa3 from Ba1 by...

Ratings

Moody’s decision on Hungary anticipated eagerly

This eveningʼs rating decision by credit rating agency Moody’s is being closely watched in Hungary, and by investors with an...

Banking

EC finds Hungary’s ad tax breaches EU rules

The European Commission has found that the progressive nature of Hungary’s advertisement tax rates grant a selective advantage to certain...

MNB

Provisions release lifts Erste Bank Hungaryʼs profit to EUR 110 mln

Austriaʼs Erste Group booked net income of EUR 109.6 million at its business in Hungary in Q1-Q3, improving from a...

MNB

Lower development write-offs lift Graphisoft Park profits

Graphisoft Park, a listed company that owns and operates a business park in the north of the capital, had after-tax...

Banking

Gov’t to consult broadly before cutting payroll taxes

The Hungarian government is planning to consult with a broader range of partners than previously planned ahead of cutting payroll...

Debt

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

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount 12-month T-bills at auction today, in line with...

Ratings

Fitch downgrades Hungarian CIB Bank, Slovenian Banka Koper

The outlook of Hungary’s CIB Bank, as well as of Slovenia’s Banka Koper, has been downgraded to negative by ratings...

Ratings

Moody’s upgrades FHB after SZHISZ members boost stake

Moody’s Investors Service has upgraded the long-term local and foreign-currency deposit ratings of FHB Mortgage Bank from Caa1 to B3...

Debt

ÁKK sells HUF 50 bln of bonds at switch auction, as planned

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 50 bln of bonds maturing in 2022 and 2024 for...

Debt

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

Banking

Varga submits bill to reduce ‘tax bureaucracy’

Aiming to reduce "tax bureaucracy" in Hungary, a bill was submitted to Parliament last Friday by Minister for National Economy...

Debt

ÁKK sells HUF 50 bln of bonds at auction, over plan

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 50 bln of bonds at auction today, raising its original...

MNB

MNB report outlines use of macroprudential instruments

In a new report published today, the National Bank of Hungary (MNB) presents the macroprudential instruments it has used recently...

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...