Finance

MNB

Forint eases after short rally

The forint was trading at 311.81 to the euro late Wednesday on the interbank forex market, down from final quotes...

Debt

ÁKK exchanges HUF 25 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold HUF 25 bln of bonds maturing in 2024 for ones that expire in...

MNB

Banks disburse HUF 705.9 bln of loans in phase II of Funding for Growth Scheme

Net of repayments, banks disbursed HUF 705.9 bln of loans by October 2 to small and medium-size enterprises (SMEs) in...

MNB

MNB international reserves fall more than €1 bln in September

The National Bank of Hungaryʼs (MNB) international reserves stood at €32.127 bln at the end of September, down €1.409 bln...

MNB

Forint falls versus euro, stable against dollar

The forint was trading at 313.11 to the euro late Tuesday on the interbank forex market, down from final quotes...

Debt

ÁKK sells HUF 18 bln of three-month bills, under plan

The Government Debt Mangement Agency (ÁKK) sold HUF 18 bln of discount three-month T-bills at auction on Tuesday, cutting its...

MNB

MOL repays maturing ten-year €750 mln bond

Hungarian oil and gas company MOL yesterday said it had paid back in full a ten-year €750 mln bond on...

Banking

Tax office will have to serve prompt payers swiftly under new plan

Hungary’s National Economy Ministry is planning to introduce a six-month deadline for tax office audits of companies that promptly fulfilled...

MNB

Forint firms versus major currencies

The forint was trading at 312.54 to the euro late Thursday on the interbank forex market, up from final quotes...

Debt

ÁKK sells almost HUF 80 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 79.5 bln of bonds at auction on Thursday, raising its original offer...

MNB

MNB: Hungaryʼs Maastricht debt reaches 79.6% at end-Q2

Hungaryʼs gross consolidated general government debt, calculated at nominal value, in line with Maastricht methodology, reached 79.6% of GDP at...

Debt

ÁKK buys HUF 4.27 bln of bonds at reverse auction, less than planned

The Government Debt Management Agency (ÁKK) bought a combined HUF 4.27 bln of bonds before maturity at a reverse auction...

Debt

ÁKK sells HUF 20bn of three-month bills, as planned

 The Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount-three month T-bills at auction today, in line with...

MNB

Forint stabilizes versus euro and dollar

The forint was trading at 314.91 to the euro late Monday on the interbank forex market, in narrow range between...

MNB

Forint continues to fall

The forint was trading at 315.34 to the euro late Friday on the interbank forex market, down from final quotes...

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...