Finance

Debt

ÁKK sells HUF 50 bln of three-month bills at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 50 bln of discount three-month T-bills at auction today, raising its original...

MNB

EC projects faster growth, higher structural deficit for Hungary

The European Commission (EC) expects Hungaryʼs GDP to grow 2.5% in 2016 and 2.8% in 2017 in its fresh spring...

MNB

MFB signs for HUF 150 bln club loan from consortium of Hungarian banks

The state-owned Hungarian Development Bank (MFB) signed a HUF 150 billion club loan agreement with a consortium of ten Hungarian...

Ratings

Hungarian government projects GDP growth over 3% through 2020

The Hungarian government anticipates GDP growth to remain over 3% in the period of 2018-2020, an update of the countryʼs...

Banking

Tax office restructuring expected to lift corporate tax revenue

Once the restructuring of Hungary’s National Tax and Customs Authority is complete – it currently stands at 60% completion –...

Banking

Government outlines capacity of budget reserves

The HUF 60 bln reserves in the National Protection Fund are sufficient to cover a 60 basis-point rise in yields...

Debt

ÁKK sells HUF 64 bln of bonds at auction, over plan

The Hungarian Government Debt Management Agency (ÁKK) sold a combined HUF 64 bln of bonds at an auction today, raising...

MNB

MNB aims to put excessive rate cut expectations in check

The National Bank of Hungary (MNB) perceives market expectations for further monetary easing as “excessive” and wants to weaken these...

MNB

Debt refinancing to focus on forint, retail issues

Hungaryʼs government plans to continue refinancing its maturing FX debt with forint-denominated issues and boost the share of state debt...

Debt

ÁKK buys HUF 26.30 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought HUF 26.30 bln of bonds before maturity at a reverse auction today, Hungarian...

Debt

ÁKK sells HUF 50 bln of three-month bills at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 50 bln of discount three-month T-bills at auction today, raising its original...

MNB

Varga: 2017 deficit could speed up economic growth

The Hungarian government is promoting a larger government deficit for next year to help speed along more sustainable economic growth,...

Banking

V4 countries draft proposal to fight digital economy fraud

The Visegrád Four countries are planning to draft a proposal for the European Commission to fight digital economy fraud, Hungary’s...

Ratings

S&P, Fitch give preliminary rating for planned MOL bond issue

Credit rating agencies Standard and Poorʼs Rating Services and Fitch Ratings have both given preliminary ratings on Thursday for the...

MNB

CEO: Eximbank should not add to accounting of state debt

Magyar Eximbank only transfers a little more than 8% of its outlays to domestic companies, so its spending should not...

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...