Finance

Debt

ÁKK sells HUF 70 bln of securities at auction, HUF 10 bln more than planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 70 bln of securities at auction on Thursday, raising its...

Ratings

Fitch: Bank levy reduction could influence positive rating

The reduction of the levy imposed on banks operating in Hungary along with a more friendly business environment could help...

Debt

ÁKK switches HUF short-term bonds to HUF 45 bln long ones at auction

The Government Debt Management Agency (ÁKK) sold primary dealers HUF 45 bln of government bonds maturing in 2023 and 2028,...

Debt

ÁKK sells HUF 50 bln of three-month T-bills

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

Banking

Lázár: PM, Bertelsmann to discuss ad tax

Hungary’s Prime Minister Viktor Orbán and the head of Germany's Bertelsmann Group, which owns Hungarian commercial channel RTL Klub, are...

MNB

EBRD, Hungary expected to buy into Erste

The European Bank for Reconstruction and Development (EBRD) and the Hungarian state will be buying into Erste Bank Hungary, with...

Banking

Fidesz could seek new tax to replace lost ad tax revenue

Expectations that the ruling party would reduce sectoral taxes were dashed when FIDESZ chief whip said that if the advertising...

MNB

MNB to create new regulations for mortgage financing

The National Bank of Hungary (MNB) is in the process of drafting new regulations that would oblige banks to finance...

MNB

MNB international reserves rise $3.652 bln in January

International reserves of the National Bank of Hungary (MNB) stood at $38.23 bln at the end of January, up $3.652...

Banking

Simicska says he plans ‘media war’ with Fidesz

A proposed new advertising tax regime would mean a higher tax bill for the thus-far government-friendly media outlets owned by...

MNB

Forint shrugs off Greece impact

The forint was trading at 306.88 to the euro late Thursday on the interbank forex market, up from 308.97 late...

Debt

ÁKK sells HUF 62 bln of bonds at auction, HUF 7 bln more than planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 62 bln of bonds at auction on Thursday, raising its...

Banking

RTL official vows ‘independent news coverage’

Contradicting earlier reports that RTL Klub might agree to soften criticism of the Hungarian government, RTL Group spokesperson Oliver Fahlbusch...

MNB

Forint marches on in euro, eases versus the dollar

The forint was trading at 307.48 to the euro late Wednesday on the interbank forex market, up from 308.87 late...

Banking

Hungarian Advertising Association urges dialog on tax

The Hungarian Advertising Association is calling for negotiations with the Hungarian government regarding planned changes to the advertising tax, 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...