Finance

MNB

Credit rating improvement is bound to increase macroeconomic stability

As the word spreads around the world about positive economic figures, Hungary’s government securities market can look forward to an...

MNB

MNB reallocates HUF 60 bln of FGS financing, extends deadlines

Policy-makers at the National Bank of Hungary (MNB) have decided to reallocate HUF 60 billion in cheap financing left over...

Debt

ÁKK sells HUF 64.5 bln of bonds at auction, over plan

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 64.5 bln of bonds at auction today, raising its original...

Debt

ÁKK buys HUF 9.9 bln of bonds at reverse auction

Hungary’s Government Debt Management Agency (ÁKK) bought a combined HUF 9.9 bln of bonds expiring in 2017 before maturity at...

Debt

ÁKK sells HUF 25 bln of three-month bills, as planned

Hungaryʼs Government Debt Management Agency (ÁKK) sold HUF 25 bln of discount three-month T-bills at auction today, in line with...

MNB

Hungary’s trade surplus at EUR 601 mln in August

Hungary’s trade surplus was up EUR 157 million at EUR 601 mln in August, as compared to the same month...

MNB

MNB international reserves fall EUR 470 mln in September

The international reserves of the National Bank of Hungary (MNB) stood at EUR 23.660 billion at the end of September...

Debt

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

Hungaryʼs Government Debt Management Agency (ÁKK) sold HUF 30 billion of discount 12-month T-bills at auction today, in line with...

Debt

ÁKK sells HUF 40 bln of bonds at switch auction, as planned

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 40 bln of bonds maturing in 2022 and 2024 for...

MNB

Intʼl reserves drop, but stay well over short-term debt in Q2

International reserves of the National Bank of Hungary (MNB) dropped more than the countryʼs short-term external debt in the second...

MNB

General govʼt deficit estimated at 1.7% of GDP, KSH says

The Central Statistical Office (KSH) has lowered its projection for Hungaryʼs general government deficit as a percentage of GDP to...

MNB

MNB has H1 profit of HUF 51.7 bln

The National Bank of Hungary (MNB) had first-half profit of HUF 51.7 bln, the central bank said on Friday, according...

MNB

Hungary’s GDP grew 3.1% in 2015, KSH says

Hungaryʼs GDP at current prices was HUF 33.999 trillion in 2015 with 4.9% growth, and up by 3.1% at constant...

MNB

July external trade surplus totals EUR 668 mln

Hungaryʼs external trade surplus came to EUR 668 million in July, growing by EUR 31 mln compared to the same...

Debt

ÁKK sells HUF 67.5 bln of bonds, over plan

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 67.5 bln of bonds at auction today (Thursday), raising its...

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...