Finance

Debt

ÁKK buys HUF 32.23 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought HUF 32.23 bln of bonds before maturity at a reverse auction today, Hungarian...

Debt

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

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

Banking

Tállai: Hungary committed to single digit personal income tax

The governmentʼs objective remains pushing personal income tax into the single-digits, although, it is unclear what the income tax reduction...

Debt

ÁKK sells HUF 39 bln of securities at auction, HUF 6 bln under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 39 bln of government securities at auction today, under the...

MNB

MNB international reserves fall more than €4 bln in March

The National Bank of Hungaryʼs (MNB) international reserves stood at €27.551 billion at the end of March, down by €4.164...

MNB

MNB mulls raising FGS cap by HUF 100 bln

The National Bank of Hungary (MNB) is considering raising this yearʼs limit for its Funding for Growth Scheme (FGS) by...

MNB

Varga: Hungary fully repaid 2008 IMF-EU loan

Hungary has fully repaid loans it took out in 2008 from the International Monetary Fund (IMF) and the European Union...

Debt

ÁKK exchanges HUF 21.5 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) sold HUF 21.5 bln of bonds maturing in 2024 and 2025 for ones that...

Debt

ÁKK raises sale of three-month bills at auction

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

MNB

MNB: Net lending of Hungarian economy rose to 8.8% of GDP in 2015

In 2015 the net lending of the Hungarian economy rose to 8.8% of GDP, as both the current account surplus...

Debt

ÁKK sells more than planned bonds at dropping yields at auction

The Government Debt Management Agency (ÁKK) sold HUF 69.5 bln of bonds at auction today, raising its original offer by...

MNB

MNB: Households save net 7.9% of GDP in 2015

Net household financial savings reached HUF 2.665 trillion, or 7.9% of GDP, in the twelve months leading to the end...

MNB

MNB: Hungary Maastricht debt 75.3% of GDP at end of 2015

Maastricht state debt stood at 75.3% of GDP at the end of December 2015, down from 76.2% at the end...

Debt

ÁKK lowers interest on premium bonds

The Government Debt Management Agency (ÁKK) said today it will lower the interest premium on its newly-issued three-year and five-year...

Debt

ÁKK sells HUF 45 bln of three-month bills at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 45 bln of discount three-month T-bills 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...