Finance

Banking

Reports: Ad tax to be cut; RTL Klub to stay critical

Hungary’s Cabinet Chief János Lázár told reporters yesterday that he will propose a reduction to the advertising tax at the...

MNB

Forint stronger on Greek deal hopes

The forint was trading at 308.79 to the euro late Tuesday on the interbank forex market, up from 310.72 late...

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...

MNB

ÁKK chief: Hungary to reduce and diversify FX debt further

Hungary has improved its financial position in terms of risks in the past few years as the share of FX-denominated...

Banking

Farm ministry calls on local councils to drop land taxes

The Hungarian Agriculture Ministry asked local councils to withdraw the land tax they had levied, the ministry said in a...

MNB

Companies were net borrowers in 2014, for first time in six years

Hungarian companies were net borrowers in 2014, for the first year since 2008, fresh data published by the National Bank...

Debt

ÁKK: 2014 retail gov’t securities sales helped by purchases of non-profits, other institutions

The stock of government securities designed for the general public rose HUF 723.3 bln last year, and the rise was...

Banking

Tax experts tell us what to expect

FROM TODAY’S PRINT EDITION: We asked Hungary’s top-earning tax consultants and accounting firms about the new tax laws, and how...

Banking

BBJ in print: Tax time, the Swiss franc miracle

What's worse, the financial bite of the new taxes for 2015 or the burden of administering them? How did Hungary...

Debt

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

The Government Debt Management Agency (ÁKK) sold a combined HUF 70 bln of securities at auctions on Thursday, HUF 10...

Debt

ÁKK switches HUF 75 bln short-term bonds to long-term at auction

The Government Debt Management Agency (ÁKK) sold primary dealers of government securities HUF 75 bln of bonds maturing in 2020...

Banking

RTL Group confirms it’s in talks with Hungarian government

German broadcaster RTL Group confirmed it has been meeting with officials of the Hungarian government in order to discuss the...

MNB

Forint mixed on interbank market

The forint was trading at 311.22 to the euro late Monday on the interbank forex market, down from 310.90 late...

Banking

Report: Lázár seeks new truce with RTL Group

Cabinet Chief János Lázár has reputedly been involved in talks with RTL Group, the German parent of Hungarian RTL Klub,...

Debt

ÁKK sells HUF 60 bln of three-month bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 60 bln of discount three-month T-bills at auction on Tuesday, in line...

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...