Finance

MNB

Hungary Maastricht debt reaches 77.6% of GDP at end-Q1

Hungaryʼs gross consolidated general government debt, calculated at nominal value, in line with Maastricht methodology, reached 77.6% of GDP at...

Banking

Liechtenstein, Hungary sign double taxation avoidance agreement

Hungary and Liechtenstein have signed a double taxation avoidance agreement, the National Economy Ministry said yesterday, according to state news...

MNB

Forint down on Greek worries

 The forint was trading at 315.39 to the euro late Monday on the interbank forex market, down from 312.20 late...

Debt

ÁKK sells HUF 45 bln of bonds at auction as planned

The Government Debt Management Centre (ÁKK) sold a combined HUF 45 bln of bonds at auction today, in line with...

Debt

ÁKK buys HUF 20 bln of bonds at reverse auction, more than planned

The Government Debt Management Agency (ÁKK) bought a combined HUF 20 bln of bonds before maturity at a reverse auction...

MNB

MNBʼs reserve assets stood at €36.9 bln at the end of Q1

The National Bank of Hungaryʼs (MNB) reserve assets amounted to €36.9 bln at the end of March, data published by...

Ratings

MNB raises 2015 inflation forecast to 0.3%

The National Bank of Hungary (MNB) has raised its inflation forecast for 2015 to 0.3% from 0% in its fresh...

Debt

ÁKK sells HUF 30 bln of three-month bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 30 bln of discount three-month T-bills at auction today, in line with...

Banking

Report: EU satisfied with ad tax change

Due to the European Commission’s relative satisfaction with the changes made by the Hungarian Parliament to the country’s advertising tax,...

Banking

PM: Hungary is a ‘workfare society’

Hungary  “is not a welfare society” but “it is a labor-based workfare society”, Hungary’s Prime Minister Viktor Orbán said on Friday at a...

Debt

ÁKK sells HUF 50 bln of securities at auction, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 50 bln of securities at auction on Thursday, in line...

Debt

ÁKK exchanges HUF 32 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) exchanged HUF 32 bln of bonds maturing in 2024 and 2028 for ones that...

Banking

Some 43,000 firms register for road haulage control system

More than 43,000 companies registered for an electronic monitoring system for road haulage companies (called ekaer) by June 15, asking...

Banking

Parliament approves tax laws for 2016

The Hungarian Parliament today approved a package of previously announced tax changes for 2016, with 133 voting in favor and...

Debt

ÁKK sells HUF 40 bln of three-month bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction on Tuesday, in line...

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...