Finance

MNB

Hungarian student loan rates temporarily lowered

Hungarian state-owned student loan lender Diákhitel Központ is lowering the interest rate on its loans by 0.15% for the period...

Debt

ÁKK buys back HUF 72 bln of 2017 bonds at auction

Hungaryʼs Government Debt Management Agency (ÁKK) bought back HUF 71.9 bln of bonds before maturity at a repurchase auction today,...

MNB

MNB raises inflation forecasts for 2016 and 2017

The National Bank of Hungary (MNB) raised its forecast for average annual inflation this year to 0.5% in its fresh...

MNB

Hungary’s central bank leaves base interest rate intact

As analysts had predicted the week before, the Monetary Policy Council (MPC) of the National Bank of Hungary (MNB) decided...

Banking

Government deficit reaches HUF 13.2 bln in May, 1.7% of full-year target

Hungaryʼs cashflow-based government deficit, excluding local councils, reached HUF 13.2 billion at the end of May, the National Economy Ministry...

Debt

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

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

Debt

ÁKK plans net bond issues, T-bill and early bond repayments in Jul-Sept

Hungaryʼs Government Debt Management Agency (ÁKK) plans net forint securities issues of HUF 217 billion in July-September, as bond issues...

MNB

Trading in NordTelekom shares suspended

The National Bank of Hungary (MNB) temporarily suspended trading in the shares of Nordtelekom Távközlési Szolgáltató as of today, charging...

Debt

ÁKK sells HUF 24.5 bln of twelve-month bills, under plan

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 24.5 bln of discount twelve-month T-bills at auction today, cutting its original...

Debt

ÁKK has HUF 300 bln buffer against Brexit risk

Hungaryʼs Government Debt Management Agency (ÁKK) has a financing buffer of approximately HUF 300 billion, or 1% of GDP, against...

Debt

ÁKK exchanges HUF 21.5 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 21.5 bln of bonds maturing in 2019 and 2025 for ones that...

Banking

Road haulage tracking and electronic tills boost government revenue by HUF 420 bln

The introduction of an electronic road haulage tracking system and the mandatory connection of tills to the tax office has...

Debt

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

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction today, in line with...

Ratings

Report: S&P upgrade of Hungary ‘unlikely’

Standard & Poorʼs ratings agency is likely to leave Hungaryʼs debt in “junk” territory, due to unpredictable economy policies and...

Debt

ÁKK sells HUF 56 bln of bonds at auction, HUF 11 bln over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 56 billion of bonds at auction today, raising its original...

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...