Finance

MNB

Forint down on Swiss exchange rate cap removal

The forint was trading at 321.20 to the euro late Thursday on the interbank forex market, down from 319.65 late...

Debt

ÁKK cuts T-bill offer, raises sale of floaters

The Government Debt Management Agency (ÁKK) cut its offer for discount twelve-month T-bills but raised it for floating-rate bonds that...

MNB

Forint plunges against Swiss franc

The forint weakened sharply against the Swiss franc in the morning on Thursday, after the Swiss National Bank (SNB) said...

Banking

New pálinka tax rules take effect

In order to harmonize Hungarian law on pálinka tax with European Union rules, a recent amendment was approved by the...

Debt

ÁKK switches less-than-planned short-term bonds to long ones at auction

The Government Debt Management Agency (ÁKK) sold primary dealers of government securities HUF 42 bln of bonds maturing in 2020...

MNB

Expiring long-term debt cuts Hungary’s short-term external debt in Q3

The expiration of long-term debts was the main factor behind a large drop of Hungary's gross short-term external debt in...

MNB

Morgan Stanley recommends buying long-term Hungarian USD bonds

Morgan Stanley analysts believe that the 25-year long Hungarian U.S dollar bond has upside potential at moderate risk, as Hungary...

Debt

ÁKK raises three-month T-bill offer by 50% at auction

The Government Debt Management Agency (ÁKK) raised its offer for discount three-month T-bills by 50% on strong demand at an...

Debt

ÁKK raises offer by 50% at ‘liquidity’ auction

The Government Debt Management Agency (ÁKK) raised its offer of discount "liquidity" bills that mature in two months by 50%...

MNB

Forint down on Czech inflation, ruble

The forint was trading at 317.05 to the euro late Friday on the interbank forex market, down from 316.06 late...

Banking

General government deficit reaches HUF 825.7 bln in 2014, under target

Hungary's cashflow-based general government balance, excluding local councils, came to HUF 825.7 bln for the full year of 2014, under...

Banking

Amended law reduces VAT on some agricultural products, limits exemptions

Amendments to VAT legislation taking effect on January 1 have reduced the VAT rate on the sale of cattle, sheep...

Debt

ÁKK raises sale on big demand at bonds at auction, yields drop

The Government Debt Management Agency (ÁKK) sold a combined HUF 80 bln of bonds at auction on Thursday, raising its...

MNB

MNB international reserves rise €443 mln in December

International reserves of the National Bank of Hungary stood at €34.578 bln at the end of December, up €443 mln...

MNB

MNB clears retail loan indicators submitted under ‘fair banks’ law

The National Bank of Hungary (MNB) yesterday said it had reviewed indicators for changes to interest rates and margins, as...

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...