Finance

MNB

Forint recovers on ECB move

The forint was trading at 305.84 to the euro late Tuesday on the interbank forex market, up from 308.93 late...

MNB

HUF 200 bln in municipal investments to be diverted

A total of HUF 200 bln in liquid municipal assets could be turned into government bond holdings in the event...

Debt

AKK sells HUF 40 bln of three-month bills at auction

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

MNB

K&H Bank books HUF 7 bln profit in Q1

K&H Bankʼs consolidated first-quarter after-tax profit was up nearly 10% at HUF 7 bln as compared to the same period...

Ratings

S&P: Three Hungarian banksʼ ratings back to positive

Standard & Poorʼs Ratings Services on Monday said it had revised its outlook on Hungary-based OTP Bank, OTP Mortgage Bank,...

Ratings

BUX back on the slope

The Budapest Stock Exchangeʼs main BUX index finished down 0.63% at 22,251.28 Monday, after rising 0.88% Friday. Over last week...

MNB

Hungary’s net general government borrowing 1.9% of GDP

According to preliminary financial data, net general government borrowing was HUF 610 bln in the twelve months leading up to...

MNB

MNB: First phase of FGS generates additional investment of HUF 120 bln

The first phase of the National Bank of Hungary’s (MNB) Funding for Growth Scheme (FGS) generated an additional investment of...

Banking

Hungarian government submits tax bill

The Hungarian government today submitted a package to Parliament containing the previously announced amendments to the tax bill, Hungarian news...

Debt

ÁKK sells HUF 63 bln in bonds at auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 63 bln in bonds at an auction on Thursday, raising...

MNB

MNB self-financing concept reduces FX share of state debt

The National Bank of Hungary (MNB) said its "self-financing concept" launched a year ago in April has helped reduce the...

Debt

ÁKK buys HUF 31.4 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought a combined HUF 31.41 bln of bonds before maturity at a reverse auction...

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 yesterday, in line with...

Banking

Official: Utility tax could drop if ISPs upgrade networks

In the event that internet service providers build new networks or upgrade existing ones, the Hungarian government could consider a...

Banking

TV2 books positive EBITDA for first time since crisis

Hungarian commercial channel TV2, which was recently bought out by its management, had positive EBITDA for the first time in...

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...