Finance

MNB

Forint in steep fall versus euro

 The forint was trading at 315.41 to the euro late Thursday on the interbank forex market, sharply down from final...

Debt

ÁKK sells HUF 33 bln of securities at auction, slightly over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 33 bln of securities at auction today, slightly over the...

MNB

MNB projects accelerating core inflation

The National Bank of Hungary reduced its projections for core inflation, which excludes volatile fuel and food prices, in a...

Debt

MFB plans to launch HUF 200 bln bond program

The state-owned Hungarian Development Bank (MFB) will launch a HUF 200 bln bond program in the near future, deputy CEO Sándor Bertalan...

MNB

Forint steady versus euro, improves against other major currencies

The forint was trading at 311.51 to the euro late Wednesday on the interbank forex market, a tad down from...

MNB

MNB: Unused funds from FGS+ to be reallocated to FGS scheme

All unused funds from the Funding for Growth Scheme+ (FGS+) program to finance small and medium-size enterprises (SMEs) will be...

Debt

ÁKK exchanges HUF 22 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) sold HUF 22 bln of bonds maturing in 2024 and 2022 for ones that...

MNB

Forint loses out to all major currencies

The forint was trading at 311.57 to the euro late Tuesday on the interbank forex market, down from final quotes...

Debt

ÁKK sells HUF 55 bln of three-month bills, over plan

The Government Debt Management Agency (ÁKK) sold HUF 55 bln of discount three-month Treasury bills at auction on Tuesday, HUF...

MNB

Parliament passes law on FX car, personal loan conversion

The Hungarian government announced plans to draft legislation on the conversion of the FX loans earlier this summer, after FX...

Ratings

Forint back in euro-dollar crossfire

The forint was trading at 310.40 to the euro late Monday on the interbank forex market, up from final quotes...

MNB

Government submits FX car, personal loan conversion bill

Hungaryʼs government submitted a bill to Parliament on Friday stipulating conditions for the conversion of foreign currency-denominated vehicle and personal...

Ratings

S&P: Hungaryʼs junk rating affirmed with stable outlook

Standard & Poorʼs Ratings Services affirmed Hungaryʼs junk rating at "BB plus", with "stable" outlook, in a scheduled review on Friday....

MNB

Survey: Small companies mostly rely on self-financing for investments

In the past five years, 85% of small Hungarian companies used their own funds for investments and 39% of them...

Debt

ÁKK sells HUF 70 bln of bonds at auction, HUF 15 bln over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 70 bln of bonds at auction on Thursday, HUF 15...

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...