Finance

MNB

IMF foresees faster economic growth in Hungary

Economic growth could reach 2.7% this year, up from the previous forecast of 2.3%, while export growth is projected at...

MNB

CEO expects MÁVʼs debt to fall to HUF 70 bln

Ilona Dávid, the chairman-CEO of Hungarian state-owned railway company MÁV, expects MÁV’s debt to fall to HUF 70 bln by...

MNB

Forint continues to recover on interbank market

The forint was trading at 302.85 to the euro late Friday on the interbank forex market, up from 303.35 late...

Banking

Government could lower VAT on internet

The Hungarian government is planning on reducing the VAT rate from 27% to 18% on internet subscriptions as of next...

MNB

MNB launches probe of higher repayments for exchange rate cap scheme participants

The National Bank of Hungary (MNB) yesterday said it launched an investigation after receiving information that some lenders had, in...

MNB

Forint recovers on interbank market

The forint was trading at 304.09 to the euro late Thursday on the interbank forex market, up from 305.78 late...

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 today, as planned, Hungarian...

Banking

Companies participating in dual education program could get rebates

Companies that take part in Hungaryʼs dual education system – a combination of trade instruction and on-the-job training – may...

Banking

Industry associations dispute ad tax

Industry associations are calling for additional consultations on the advertising tax, and have asked the government to consider abolishing the...

MNB

Banks disburse HUF 538 bln of loans in phase II of Funding for Growth Scheme

Net of repayments, banks disbursed HUF 537.6 bln of loans by April 30 to small and medium-size enterprises (SMEs) in...

Debt

ÁKK sells HUF 50 bln of three-month bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 50 bln of discount three-month T-bills at auction today, in line with...

MNB

Templeton reduces Hungarian bonds in its portfolio

Emerging Market specialist Franklin Templeton Investments has reduced its Hungarian debt exposure by HUF 432 bln, napi.hu reported yesterday....

Banking

Ad tax set at 5.3% for revenue above HUF 100 mln

According to a new bill published on kormany.hu yesterday, the upper bracket of the advertisement tax would be 5.3%, while...

Ratings

Forint gains a little on interbank market

The forint was trading at 303.52 to the euro late Monday on the interbank forex market, slightly up from 303.76...

MNB

MNB publishes changes to FGS, FGS+ programs

The National Bank of Hungary (MNB) published details of changes made to its Funding for Growth Scheme (FGS) and the...

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...