Finance

Banking

Hungary could tax big retailers based on Polish model

The Hungarian government is planning to levy a tax on big retailers, as an attempt to spread the public burden...

MNB

Hungary’s central bank keeps base rate on hold

The National Bank of Hungaryʼs (MNB) Monetary Policy Council (MPC) today decided to keep the central bankʼs key rate on...

Debt

Three-month bill sale below plan, yields rise

The Government Debt Management Agency (ÁKK) sold HUF 35 bln of discount three-month T-bills at auction today, cutting its original...

MNB

Forint firms on interbank market

The forint was trading at 311.85 to the euro late Friday on the interbank forex market, up from final quotes...

MNB

MNB fines K&H Bank group HUF 69 mln

The National Bank of Hungary (MNB) fined the K&H Bank group HUF 69 mln on charges of shortcomings in its...

MNB

Forint gains against euro, falls versus dollar

The forint was trading at 314.09 to the euro late Thursday on the interbank forex market, up from final quotes...

MNB

Reuters poll: MNB to keep base rate on hold

The rate-setters of the National Bank of Hungary’s (MNB) Monetary Policy Council (MPC) are expected to keep the base rate...

Debt

ÁKK sells HUF 65 bln of bonds at auction, HUF 15 bln over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 65 bln of bonds at auction today, raising its original...

Debt

ÁKK sells HUF 46 bln of three-month bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 46 bln of discount three-month T-bills at auction today, raising its original...

MNB

MFB buys back €95 mln in bonds before expiry

Hungaryʼs state-owned National Development Bank (MFB) has bought back €94.889 million of one of its foreign bond series that expires...

MNB

FGS significantly contributed to economic growth, says MNB official

Without credit disbursements available through the second phase of the National Bank of Hungaryʼs (MNB) Funding for Growth Scheme (FGS)...

Debt

ÁKK sells HUF 60 bln of bonds at auction, more than planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 60 billion of securities at auction today, over the HUF...

Debt

ÁKK exchanges HUF 6.5 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) sold HUF 6.5 bln of bonds maturing in 2024 for ones that expire in...

MNB

MNB to phase out two-week deposits by end-April

The National Bank of Hungary (MNB) will phase out its two-week deposit facility, earlier its main instrument for sterilizing banking...

MNB

Retail government securities sales reach record HUF 181 bln in Dec

Net sales of retail government securities denominated in forints reached HUF 181 billion in December, a new record, the Government...

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...