Finance

Debt

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

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

Ratings

Moody’s: No upgrade on Hungary’s rating

Moody's Investors Service said on Friday it has not upgraded its long-term public debt rating on Hungary, leaving it at...

MNB

Forint wobbles on interbank market after firming

The forint was trading at 305.66 to the euro late Friday on the interbank forex market, slightly up from 305.77...

Ratings

Ministry foresees GDP growth over 2.5% this year

Based on GDP figures published by KSH today, Hungary’s National Economy Ministry foresees that this year’s GDP projection of 2.5%...

MNB

KSH: State debt dropped last year

Hungarian state debt as a percentage of GDP fell to 76.9% at the end of 2014, down slightly from the...

MNB

Forint firms on interbank market

The forint was trading at 305.16 to the euro late Thursday on the interbank forex market, up from 306.41 late...

Debt

ÁKK: Retail govt securities stock rises HUF 72 bln in February

The stock of government securities designed for the general public rose by HUF 72 bln in February – ten times...

Debt

ÁKK sells HUF 51.5 bln of bonds at auction, less than planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 51.5 bln of bonds at auction on Thursday, cutting its...

MNB

Report: Loans granted in the second phase of the Funding for Growth Scheme

Until February 27, credit institutions participating in the first and second phases of the Funding for Growth Scheme (FGS) concluded...

Debt

ÁKK buys back HUF 71 bln in bonds at year’s first reverse auction

The Government Debt Management Agency (ÁKK) bought back a combined HUF 71.0 bln of bonds before their maturity in 2015...

Banking

Lázár puts ad tax at 5-10%

Cabinet Chief János Lázár expects the modified advertising tax to reach 5-10%, as opposed to earlier press reports speculating that...

Debt

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

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

MNB

Report: Residency bond subscriptions reach 68 in February

Sales of Hungarian residency bonds reached 68 in February, with 33 bonds having a face value of €300,000 and 35...

Banking

Report: Lázár expects an ad tax of 3-5%

The Hungarian government is to consider a 3-5% flat-rate tax for advertisers, with the intent of protecting small media companies,...

MNB

BSE share turnover climbs past HUF 188 bln in February

Share turnover on the spot market of the Budapest Stock Exchange reached HUF 188.4 bln in February, up a sharp...

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...