Finance

Banking

Lázár: Government to implement a comprehensive tax administration reform

A proposal regarding the organizational and personnel restructuring of Hungary’s National Tax and Customs Authority (NAV) will be submitted to...

MNB

MNB: Hungary c/a surplus €546 mln in August

Hungaryʼs current-account surplus reached €492.7 bln in August, according to a monthly balance of payment data published by the National...

Banking

Budapest housing market boosted by holiday rentals

Home sales in the center of Budapest saw a 40% rise last year, with demand being highest for 40-60 sqm...

MNB

Pintér: More than 85% of residency bonds purchased by Chinese nationals

More than 85% of the foreign nationals that obtain Hungarian residency bonds were Chinese, Interior Minister Sandor Pintér said in...

Debt

ÁKK sells HUF 56 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 56 bln of three-, five- and ten-year bonds at auction on Thursday,...

Debt

ÁKK buys HUF 23.11 bln in bonds at reverse auction, more than planned

The Government Debt Management Agency (ÁKK) bought a combined HUF 23.11 bln in bonds prior to their maturity at a...

MNB

MNB to push for more lending in exchange for tax cut

The National Bank of Hungary (MNB) is planning to push banks to increase lending in the corporate sector, especially to...

MNB

Forint corrects down on interbank market

The forint was trading at 310.54 to the euro late Tuesday on the interbank forex market, down from final quotes...

Banking

András Tállai to oversee restructuring of tax office

András Tállai, state secretary of the National Economy Ministry (NGM) has been appointed government commissioner responsible for overseeing the restructuring...

MNB

MNB: ECB, EC to grant permission to MARK operation

The European Central Bank (ECB) and the European Commission (EC) are expected to approve the operation of the Hungarian Reorganization...

Debt

ÁKK sells HUF 17 bln of three-month bills, again under plan

 The Government Debt Mangement Agency (ÁKK) sold HUF 17 bln of discount three-month T-bills at auction on Tuesday, cutting its...

MNB

Forint rises again on interbank market

The forint was trading at 309.81 to the euro late Monday on the interbank forex market, up from final quotes...

MNB

Government spent private pension funds on state debt

After passing laws to pressure private pension holders to merge their savings with the state system, the government spent almost...

MNB

Nomura: MNB change in reserve rules loosens money supply

The National Bank of Hungary (MNB) has taken “another step towards monetary loosening by restricting the amount of reserves banks...

Debt

ÁKK sells HUF 38 bln of securities at auction, HUF 6 bln over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 38 bln of securities at auction today, HUF 6 bln...

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...