Finance

Ratings

S&P to review Hungary’s sovereign rating today

Rating agency Standard and Poor’s is scheduled to review Hungary’s sovereign rating today, and an announcement on the review will...

Ratings

S&P upgrade surprises market, investment seen rising

The Friday decision by credit rating agency Standard & Poorʼs to upgrade Hungaryʼs sovereign rating came as a surprise for...

Ratings

S&P puts Hungary back in investment grade

Standard and Poorʼs Global Ratings said Friday it has raised its long and short-term foreign and local currency sovereign credit...

MNB

MNB rate setters will be closely watched

Despite pundits almost unanimously expecting the Monetary Council of the National Bank of Hungary to keep its key rate on...

Debt

ÁKK sells HUF 64.5 bln of bonds, over plan

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

Debt

ÁKK buys HUF 5.7 bln of bonds at reverse auction

Hungary’s Government Debt Management Agency (ÁKK) bought a combined HUF 5.7 bln of bonds before maturity at a reverse auction...

Debt

ÁKK sells HUF 40 bln of 3-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 40 billion of discount three-month T-bills at auction on Tuesday, in line...

Banking

Deloitte Hungary names new director

Zoltán Pankucsi (pictured) has been named director at Deloitte Hungary’s office, taking effect from September, supporting the tax consultancy of...

Debt

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

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

Debt

ÁKK sells HUF 30 bln of bonds at switch auction, as planned

Hungaryʼs Government Debt Management Agency ( ÁKK) sold HUF 30 bln of bonds maturing in 2024 and 2019 for ones...

MNB

MNB international reserves fall €427 mln in August

International reserves of the National Bank of Hungary (MNB)  stood at €24.13 bln at the end of August 2016, down...

MNB

Businesses tap over HUF 200 bln of phase III FGS credit

So far this year, some 6,000 Hungarian microbusinesses and SMEs have tapped into some HUF 202.3 bln in cheap credit...

Banking

Subsidies for vending machine operators

The Hungarian government is allocating more than HUF 2 billion in subsidies to vending machine operators to comply with reporting...

Debt

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

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

Banking

Cigarette prices to be hiked from Thursday

Based on a new law on excise tax adopted by Hungarian lawmakers in June, the excise tax on tobacco products...

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...