Finance

Debt

ÁKK sells HUF 51 bln of bonds at auction, slightly more than planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 51 bln of bonds at auction today, HUF 3 bln...

Ratings

Reuters: Fitch does not expect change to Hungaryʼs rating

International agency Fitch Ratings does not expect a change in Hungaryʼs sovereign rating in the short term, Fitch told international...

MNB

MNB extends FGS credit to construction of homes for sale

The National Bank of Hungary (MNB) changed its Funding for Growth Scheme (FGS) to give companies access to cheap credit...

Debt

ÁKK buys HUF 57.2 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought a combined HUF 57.2 bln of bonds before maturity at a reverse auction...

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...

Banking

If you are not growing, you are dying

The following article was written by Roland Keller, Business Optimisation Expert....

MNB

ÁKK CEO: FX debt share to shrink to around 20% in 5 years

The share of FX-denominated debt could shrink by 2-3% a year, and could reach approximately 20% in five years, György...

Banking

Lázár: Telecom sector tax remains; bank levy will gradually decrease from 2016

The government has no intention of eliminating the telecom tax, János Lázár told journalists at a press conference yesterday....

Debt

ÁKK sells HUF 48 bln of securities at auction, slightly under plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 48 bln of securities at auction today, HUF 2 bln...

Ratings

Hungary’s junk rating may remain unchanged

In its latest sovereign outlook report, Moody’s Investor Services confirmed the Central and Eastern European region’s stable outlook, which would...

MNB

BUX slows down

The Budapest Stock Exchangeʼs main BUX index finished up 0.24% at 21,955.29 Wednesday after rising 1.20% Tuesday. It is up...

Banking

Varga to cut taxes based on economic growth

Hungary’s National Economy Minister Mihály Varga said yesterday on state-owned news television channel M1, that the Hungarian government has decided...

MNB

MNB to allow guarantee fees on top of FGS, FGS+ APR cap

The National Bank of Hungary today said it will allow lenders who use cheap financing from the Funding for Growth...

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...

Banking

Varga submits bill that would broaden tax benefits for farmers

Hungary’s National Economy Minister Mihály Varga submitted a bill to Hungarian Parliament yesterday that would extend eligibility for agriculture sector...

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...

Banking

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...

Banking

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

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

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...

Banking

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...

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...

MNB

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...

Banking

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...

Banking

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...

Trade

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...

Ratings

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...

MNB

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...