Finance

Banking

Government bashed again in third mass demo

An estimated 10,000 people marched through Budapeset yesterday evening in a demonstration calling for the resignation of the top management...

MNB

Hungary repays €2 bln toward EU loan

Hungary has repaid €2 bln of a loan it took out from the European Commission in the autumn of 2008,...

MNB

MNB’s international reserves fall almost €1.5 bln

Hungary's international reserves stood at €34.218 bln at the end of October, down €1.466 bln from a month earlier, preliminary...

MNB

International reserves fall on FX lender allotment

Hungary's international reserves were at €34.218 bln at the end of October, down by €1.466 bln from a month earlier,...

Debt

ÁKK sells HUF 60 bln of securities at auctions, HUF 10 bln over offer

The Government Debt Management Agency (ÁKK) sold HUF 60 bln of securities at auctions on Thursday, HUF 10 bln more...

Banking

Government may cancel ad tax

The government is considering cancelling the advertisement tax as it is not likely to contribute to the state budget as...

Banking

Voucher tax rates ro remain unchanged up to HUF 200,000

Governing Fidesz-KDNP MPs proposed that tax rates that employers must pay on food vouchers remain unchanged up to HUF 200,000,...

MNB

MNB puts Hungary sustainable growth rate around 2.5%

Hungary's economy could grow at a sustained annual rate of 2.5%, representing a potential convergence rate of about 1%, the...

Banking

Report: Hungarian taxes hostile to foreign firms

Although Hungary has officially revoked its internet tax legislation, there is still much room for improvement, according to foreign companies....

Banking

Orbán on internet tax: ‘I think not’

Prime Minister Viktor Orbán confirmed that the government has taken the earlier planned extension of the telecommunications tax to internet...

MNB

MNB to provide €9 bln from reserves for FX loan conversion

The Monetary Council of the National Bank of Hungary (MNB) decided yesterday to provide €9 bln from its international reserves...

MNB

BUX down on EC forecast, loan conversion uncertainty, fair banking plans

The Budapest Stock Exchange's main BUX index finished down 1.12% at 17,156.31 Tuesday, after rising 0.17% Monday. It is down...

MNB

Forint little changed on the interbank market, stronger in dollar

The forint was trading at 308.87 to the euro late Tuesday on the interbank forex market, up a little from...

Debt

Demand jumps for three-month bills, yields still up

The Government Debt Management Agency (ÁKK) sold the announced HUF 30 bln of three-month discount T-bills despite nearly fourfold oversubscription...

MNB

EC sees deficit remaining under 3% threshold

The European Commission projected Hungary's central budget deficit will remain under the threshold of 3% of the GDP in 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...

Banking

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...

Banking

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

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

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...

Banking

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...

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...

MNB

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...

Banking

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...

Banking

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...

Trade

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...

Ratings

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...

MNB

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...