Finance

Banking

Varga: Gov’t in no hurry to lower general VAT

The Hungarian government has a long-term plan to reduce the general VAT rate from 27% to 25%, however, this is...

Debt

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

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

Banking

Budapest Bank, savings coop integrator members win MFB partner points tender

A consortium of state-owned Budapest Bank and savings cooperative integrator SZHISZ members Takarékbank, B3 Takarék Szövetkezet and FHB, has won...

Debt

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

The Government Debt Management Agency (ÁKK) sold HUF 40 bln of bonds maturing in 2024 and 2025 for ones that...

Debt

ÁKK sells HUF 50 bln of three-month bills as demand jumps

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

Debt

ÁKK plans moderate net HUF issues, big early buybacks in May-July

Hungaryʼs Government Debt Management Agency (ÁKK) plans net forint securities issues of HUF 285 billion, practically all in bonds, combined...

MNB

Sopron Bank receives HUF 29 mln fine

The National Bank of Hungary (MNB) fined Sopron Bank Burgenland HUF 29 million on charges of a number of regulatory...

MNB

MNB weighs future of interest-rate swaps

The National Bank of Hungary (MNB) will weigh whether the interest rates swaps it offers lenders who buy government securities...

Debt

Varga: Hungary may tap onshore bond market in China after offshore yuan bond

Hungary sold a three-year CNY 1 billion (€136.8 million) offshore yuan bond yesterday, and there is chance that it could...

Debt

Varga: Government to assess residency bonds in H1

The Hungarian government will review its experience with residency bonds in the first half of this year and adjust the...

Ratings

Commerzbank sees 0.75% base lending rate by yearʼs end

The central bank will cut the base lending rate from its current 1.2% down to 0.75%, GDP growth will slow...

Debt

ÁKK sells HUF 75 bln of bonds at auction, HUF 25 bln over offer

The Government Debt Management Agency (ÁKK) sold a combined HUF 75 bln of bonds at an auction today, raising its...

Debt

ÁKK mandates Bank of China Limited for yuan bond

Hungaryʼs Government Debt Management Agency (ÁKK) has mandated the Bank of China Limited to organize an offshore yuan-denominated bond issue,...

Ratings

Moody’s: Hungaryʼs external improvement ‘stands out’ in CEE

Hungary stands out among the eight central and eastern European EU economies because it has recorded the strongest improvement in...

Banking

Report: Hungary eyes new tax on rental market

The Hungarian government is expected to submit a proposal that would levy a flat-rate tax on the rental market –...

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...