Finance - Budapest Business Journal

Banking

Government to double family tax allowance

Parents raising two children will see their family tax allowance double in 2015, National Economy Minister Mihály Varga said in...

MNB

Rogán: Banks must settle by end of Feb 2015

Banks in Hungary must settle with borrowers by the end of February in the case ofcontracts that the courts have...

MNB

MNB: Banking sector forint liquidity grows in August

Forint liquidity of Hungary's banking sector rose in July from a month earlier, evidenced in an increase in the average...

Debt

ÁKK raises offer on strong demand at securities auction

The Government Debt Management Agency (ÁKK) sold HUF 80 bln of securities at an auction on Thursday, raising its original...

Debt

ÁKK sells HUF 45bn of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold primary securities dealers HUF 45bn of bonds maturing in 2019 and 2022 for...

Debt

ÁKK sells HUF 50 bln of three-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 50 bln of discount three-month T-bills at auction on Tuesday, in line...

MNB

Added value

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MNB

MNB may help banks pay FX compensation

The National Bank of Hungary (MNB) is getting ready to help banks compensate customers, following the recently approved borrower’s relief...

Banking

Local business people on the move

Debt

ÁKK raises offer for longest term at bond auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 62.5 bln of bonds at an auction on Thursday, raising...

Debt

ÁKK buys back HUF 10.3 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back about HUF 10.3 bln of two bonds before maturity at a reverse...

MNB

Analysts: Hungary’s growth may suffer from Ukraine crisis

Hungary's economy is set to struggle in the headwind stemming from the Ukraine crisis combined with a slowing eurozone, according...

Debt

ÁKK sells HUF 40 bln of three-month T-bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction on Tuesday, in line...

MNB

Tractor sales booming

Sales of tractors climbed 71% to over 3,200 in H1, compared to the same period last year. About 1,800 tractors...

Debt

AKK sells HUF 70 bln in securities at auction

The Government Debt Management Agency (AKK) sold HUF 70 bln in government securities at auction yesterday, HUF 10 bln more...

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...