Finance

MNB

MNB revokes Hungária broker license

The National Bank of Hungary (MNB) said yesterday that it had revoked the operating license of broker Hungária and initiated...

Banking

Businesses may be eligible for e-till installation subsidy

The Hungarian government is planning on offering subsidies for businesses that will be required to install electronic tills connected to...

Banking

Report: Orbán less popular despite economic improvements

Despite the remarkable economic turnaround Hungary has seen since Prime Minister Viktor Orbán took power in 2010, the popularity of...

Banking

Surge in NAV inspections raises revenue by HUF 1.5 bln

Hungary’s National Tax and Customs Authority (NAV) said that inspections based on an electronic monitoring system for road haulage companies,...

Debt

ÁKK sells HUF 49.5 bln of bonds at auction, more than planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 49.5 bln of bonds at auction today, HUF 4.5 bln...

Debt

Residency bond subscriptions reach 31 in March

Sales of special government bonds that accelerate applications for permanent residency in Hungary by foreign nationals reached just 31 in...

Debt

ÁKK buys HUF 58.1 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought a combined HUF 58.1 bln in 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 on Tuesday, in line...

Debt

Hungary to extend forint-denominated yield curve

Hungary will launch a new, forint-denominated 2031-dated government bond at an auction on Thursday with an annual coupon of 3.25%,...

Banking

Official: Broader job preservation tax benefits could save farmers HUF 6 bln

Broadening eligibility for agriculture sector job preservation tax benefits to Hungarians between 25 and 55 years of age could save...

Banking

Government mulls lower VAT for some products

The Hungarian government is considering products for which it could reduce the VAT rate, National Economy Minister Mihály Varga said...

MNB

MNB executive director foresees changes in the sector

Inspired by Irish and Croatian models, the National Bank of Hungary (MNB) is currently working on proposals for the operation...

MNB

Interview: Bad bank for a good cause

In an exclusive interview originally published in the April 10-23 print edition of the BBJ, Csaba Kandrács, CEO of the...

Banking

PM: Bank levy could decrease if banks lend more

Hungary’s Prime Minister Viktor Orbán reiterated this morning that the government’s plans to reduce the special levy on the financial...

Debt

ÁKK sells HUF 40 bln of twelve-month T-bills, as planned

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

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...