Finance

Banking

Varga: Tobacco, ad tax justified

Economy Minister Mihály Varga defended the proposed amendement to the advertisement tax and the progressive tax aimed at tobacco manufacturers...

MNB

MNB sends oversight commissioners to Széchenyi Bank leasing unit

The National Bank of Hungary (MNB) ordered oversight commissioners to financial businesses Széchenyi Lízing Pénzügyi Szolgáltató and Platinum Pénzügyi Szolgátatóház...

Banking

Bill would make tobacco companies pay one-time healthcare contribution

A bill submitted by an MP of the governing Fidesz party on Thursday would require tobacco companies to pay a...

MNB

MNB predicts only five big players will remain in banking market

Five big banks will remain in Hungary after a consolidation on the market, National Bank of Hungary managing director Márton...

Banking

Report: Advertising tax targets broadcaster RTL

The latest amendment to the advertising tax is aimed at punishing television broadcaster RTL Klub for regularly targeting Fidesz leaders,...

Debt

ÁKK raises offers on strong demand at bond auction

The Government Debt Management Agency (ÁKK) raised its offers for all three terms on strong demand at a bond auction...

Banking

Gov’t proposes raising top ad tax rate

The government is proposing raising the upper rate for the advertising tax from 40% to 50%, National Economy Ministry deputy...

Debt

Retail sale of government securities slows to HUF 30 bln in October

Retail sale of government securities dropped to HUF 30 bln in October from an extraordinarily high HUF 101.1 bln in...

Debt

ÁKK buys back HUF 44.2 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back HUF 44.2 bln of three bonds before maturity at a reverse auction...

Debt

Yields fall at three-month T-bill auction

Yields fell at an auction of discount three-month T-bills on Tuesday. ÁKK sold HUF 30 bln of the bills, in...

MNB

Banks to wind up loan refinancing by next fall

Hungarian banks could wind up the process of refinancing retail clients' loans to reflect compensation paid under borrowers' relief legislation...

MNB

Analysts’ views differ on FX conversion effects

Analysts interviewed by MTI on Sunday gave differing views on how successful the forint conversion of foreign currency loans could...

MNB

Lenders allotted €7.8 bln at FX conversion tender

The National Bank of Hungary allotted a combined €7.834 bln to banks for the conversion of retail foreign currency-denominated loans...

MNB

MNB: FX loan conversion to take place in one go

The National Bank of Hungary (MNB) is well prepared for the conversion of retail FX loans into forints and the...

MNB

Moody’s upgrades Hungary’s rating to stable

Moody’s rating service upgraded Hungary’s government bond rating from negative to stable, giving the country’s outlook a score of Ba1....

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...