Finance

Debt

ÁKK sells HUF 48 bln of three-month bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 48 bln of discount three-month T-bills at auction today, raising its original...

Debt

ÁKK sells HUF 55 bln of six-week T-bills, more than planned

The Government Debt Management Agency (ÁKK) sold HUF 55 bln discount six-week T-bills at a liquidity auction today, raising its...

Banking

Association: State support could boost new car sales

Hungaryʼs new car market could recover with the help of government support that should be extended to buyers, János Eppel,...

MNB

MNB international reserves fall €2.818 bln in December

The National Bank of Hungaryʼs (MNB) international reserves stood at €30.322 billion at the end of December 2015, down €2.818...

Debt

ÁKK sells HUF 53 bln of bonds at auction, slightly over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 53 bln of three-, five- and ten-year bonds at auction...

MNB

Report: Banks disburse HUF 864.4 bln in loans in phase II of Funding for Growth Scheme

Net of repayments, banks disbursed HUF 864.4 billion in loans by December 31 to small and medium-size enterprises (SMEs) in...

MNB

Forint eases on interbank market

The forint was trading at 314.85 to the euro late Wednesday on the interbank forex market, down from final quotes...

MNB

MNB: International reserves fall, remain well over short-term debt in Q3

The National Bank of Hungaryʼs (MNB) international reserves fell €2.6 billion to €32.1 bln in the third quarter, but were...

MNB

MNB: Hungaryʼs external balances improve, debt ratios fall on big debt repayments in Q3

Hungaryʼs net lending to the rest of the world rose to €9.8 billion to exceed 9% of GDP in the...

MNB

Forint eases versus dollar on interbank market

The forint was trading at 313.73 to the euro late Tuesday on the interbank forex market, up from final quotes...

Debt

ÁKK sells more than planned three-month bills, yield jumps

The Government Debt Management Agency (ÁKK) sold HUF 44 bln of discount three-month T-bills at auction today, HUF 4 bln...

Banking

András Tállai officially takes over as head of tax authority

András Tállai, who was state secretary of the National Economy Ministry, assumed leadership of the National Tax and Customs Authority...

Banking

Minister: NAV reorganization key to competitiveness

Hungary’s competitiveness would be in danger if the National Customs and Tax Authority (NAV) did not restructure its operations to...

Debt

ÁKK sells HUF 49 bln of six-week T-bills, more than planned

The Government Debt Management Agency (ÁKK) sold HUF 49 bln discount twelve-month T-bills at a liquidity auction today, raising its...

Ratings

Hungary’s next chance for ratings upgrade comes in March

Hungary’s next shot for a ratings upgrade will be March 4, when Moody’s is scheduled to release a new report...

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...