Finance

MNB

Forint stalls on interbank market

The forint was trading at 305.68 the euro late Monday on the interbank forex market, down from 304.31 late Friday...

Debt

ÁKK sells HUF 50 bln of discount ‘liquidity’ bills

The Government Debt Management Centre (ÁKK) sold HUF 50 bln of discount "liquidity" bills maturing at the end of the...

Ratings

Fitch set to review Hungary sovereign rating

Hungary's sovereign debt ratings are scheduled to be reviewed by Fitch Ratings on Friday. European Union rules require rating agencies...

MNB

Forint further up on interbank market

The forint was trading at 304.38 the euro late Friday on the interbank forex market, up from 304.62 late Thursday....

MNB

Analysts expect MNB to keep rates on hold on Tuesday

Analysts polled by Reuters expect the National Bank of Hungary's rate-setting Monetary Council to keep the base rate on hold...

MNB

FX loan amendment: Banks likely to pay more

A parliamentary committee submitted an amendment to the borrowers' relief legislation that would lower the interest spread lenders may use...

Debt

ÁKK raises offer for floater; T-bill yields steady

The Government Debt Management Agency (ÁKK) sold HUF 45 bln of securities at auction on Thursday, HUF 5 bln more...

MNB

Official: State debt to fall below 2013-end level

By the end of November the Hungarian state debt will be below its level at the end of 2013 using...

Debt

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

The Government Debt Management Agency (ÁKK) sold primary securities dealers HUF 76 bln of bonds maturing in 2020 and 2022...

Debt

ÁKK sells HUF 30 bln of three-month bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 30 bln of discount three-month Treasury bills at an auction yesterday, in...

Banking

Tax law passes; foreign firms to pay more

The Hungarian Parliament today approved the 2015 package of tax laws, including advertising, tobacco and "hypermarket" taxes that hit foreign...

Banking

Analysts: Tax plan would have minor impact

The following article is from the Octover 31-November 13 print edition of the Budapest Business Journal....

MNB

Forint down on interbank market

The forint was trading at 306.22 the euro late Monday on the interbank forex market, a hair down from 306.17...

MNB

MNB: Net gov’t financing requirement 2.3% of GDP in 4 quarters ending Q3

Hungary's general government net financing requirement was HUF 692 bln or 2.3% of GDP in the four quarters to Q3...

Banking

Varga: Attacks against tax office target the state

Economy Minister Mihály Varga said attacks against the Tax and Customs Authority (NAV) are in fact directed at Hungarian state...

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...