Finance

MNB

Central bank likely to keep base rate at 2.10%

Analysts expect the National Bank's Monetary Council will leave the bank's base rate at the current 2.10% at its rate-setting...

Banking

Estimate: Average tax hike HUF 10,000 a month

The planned tax proposal set for 2015 would cost the average Hungarian household approximately HUF 10,000 more per month, according...

Banking

Government backs cap on proposed internet tax

The government supports a proposed amendment submitted by the governing Fidesz party to cap the tax to be levied on...

Banking

Lawmakers to discuss tax proposals on Tuesday

Parliament will meet early next week and on Tuesday, lawmakers will begin a debate on amendments to the tax legislation...

Debt

ÁKK cuts liquidity bill sale on moderate oversubscription

An auction of short-term "liquidity" T-bills was only moderately oversubscribed on Monday, and the Government Debt Management Agency (ÁKK) sold...

Banking

Fidesz cuts plans for internet tax to HUF 700 a month

Hungary’s governing party Fidesz is modifying its internet tax proposal, saying the tax would be no more than HUF 700...

Banking

Magyar Telekom urges against plan for internet tax

The Hungarian government should revoke its plan to tax internet use from next year as it will be detrimental to...

Banking

Former telecoms regulator blasts internet tax plan

The proposed tax on internet usage will hurt Hungarian businesses, obstruct social mobility and reduce freedom of the press, according...

Banking

Opposition: Internet tax to send Hungary back to the ’90s

Hungary’s opposition E-PM alliance urged the government to scrap plans of levying a tax on internet data transfers in a...

MNB

Report: Hungary’s redistribution rate rises in 2013

Hungary's redistribution rate – government expenditure as a percentage of GDP – rose by one percentage point from 2012 to...

Banking

New internet tax planned; other sectoral taxes to stay in 2015

A new tax of between 4.5-6% will be charged on internet service providers while other sectoral taxes on banks, telecoms...

Banking

Fidesz introduces once opposed internet tax

National Economy Minister Mihály Varga today revealed the details of the taxation system of 2015 today, hinting that the New...

Debt

Three-month bill auction undersubscribed

Tuesday's auction of three-month discount T-bills was undersubcribed, and the Government Debt Management Agency (ÁKK) sold HUF 20 bln or...

MNB

ÁKK to hold first liquidity bill auction since March next Monday

Hungary's Government Debt Management Agency (ÁKK) will offer HUF 50 bln discount T-bills expiring before the end of the year...

MNB

Forint volatile on interbank market

The forint was trading at 305.70 to the euro late Friday on the interbank forex market, up from 307.28 late...

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...