Finance

MNB

MNB deputy governor: Central bank concludes easing cycle

The National Bank of Hungary (MNB) has concluded its easing cycle, National Bank of Hungary deputy governor Márton Nagy told...

Debt

ÁKK sells HUF 62 bln of bonds at auction, over plan

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 62 bln of bonds at an auction today, raising its...

Banking

Analyst: Hungarian Parliament to weigh ‘Google tax’

Under next yearʼs budget plan, which is due for a vote in Parliament in the next few weeks, foreign digital...

Debt

ÁKK buys HUF 3.4 bln of bonds at reverse auction

Hungaryʼs Government Debt Management Agency (ÁKK) bought HUF 3.4 billion of bonds before maturity at a reverse auction today, according...

Banking

First MFB partner points open across Hungary

The first partner points of state-owned Hungarian Development Bank (MFB) opened at 26 locations yesterday, state secretary Zsuzsa Németh said,...

Ratings

Hungary’s growth should focus on savings, developments

In order for Hungaryʼs economy to grow, the country needs to shift its focus toward domestic savings and developments, National...

Ratings

Nomura: Fitch upgrade of Hungary a ‘distraction’

The upgrade of Hungary by Fitch late Friday is a “distraction from the underlying narrative of a much weaker underlying...

Debt

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

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

Ratings

Varga: Fitch upgrade acknowledges Hungarian reforms

Economic reforms started by the government in 2010 resulted in an upgrade of Hungary back to investment grade by ratings...

Ratings

Fitch elevates Hungary’s debt rating to ‘investment grade’

Fitch Ratings today became the first ratings agency to improve Hungary’s sovereign debt rating from “junk” status to “investment grade”...

Banking

Government deficit reaches 19% of full-year target

Hungaryʼs cashflow-based government deficit, excluding local councils, reached HUF 144.9 billion at the end of April, approximately 19% of the...

Debt

AKK cuts offer of twelve-month T-bills at auction

The Government Debt Management Agency (ÁKK) sold HUF 17.5 billion in discount twelve-month T-bills at an auction today, well under...

Debt

Hungary opens LSE to mark listing of yuan bond

Hungary’s National Economy Minister Mihály Varga ceremoniously opened the market on the London Stock Exchange today, marking the listing of...

Debt

ÁKK exchanges HUF 28 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 28 bln of bonds maturing in 2024 and 2025 for ones that...

Debt

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

The Government Debt Management Centre (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction today, in line with...

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...