Finance

Banking

Hungarian tax authority to examine RTL Klub transaction

National Economy Minister Mihály Varga announced on Wednesday that he had instructed Hungary's Tax and Customs Authority (NAV) to launch...

Debt

ÁKK buys back HUF 13 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back HUF 13.0 bln of two bonds before their maturity next year at...

Debt

ÁKK raises offer as demand remains high at three-month T-bill auction

The Government Debt Management Agency (ÁKK) raised its offer on continued strong demand at an auction of discount three-month T-bills...

MNB

FX mortgage ruling said to hurt credit ratings of banks

The Hungarian Supreme Court's ruling last week, that unilateral changes by banks to foreign-currency mortgage interest rates were unfair in...

Ratings

S&P upgrades OTP outlook to stable

Standard & Poor’s has improved its assessment of Hungary’s OTP Bank and OTP Mortgage Bank, upgrading the banks’ credit rating...

Banking

Lázár defends ad tax, forsees more taxes in 2015

The advertisement tax will not just stay but will possibly grow, and new taxes will be introduced in 2015, János...

Debt

ÁKK sells planned twelve-month T-bills at dropping yield

Strong demand continued but the Government Debt Management Agency (ÁKK) sold the planned HUF 60 bln discount twelve-month T-bills as...

Debt

ÁKK sells HUF 60 bln of floaters at auction

The Government Debt Management Agency (ÁKK) sold HUF 60 bln of two floating-rate bonds at an auction on Thursday, HUF...

MNB

TakarékBank analysts predict GDP growth

TakarékBank analysts project 3.1% GDP growth this year and 2.4% growth for 2015, and expect accelerating economic growth and the...

Debt

ÁKK sells HUF 28.5 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold primary dealers HUF 28.5 bln of bonds maturing in 2022 and 2023 in...

Debt

Hungarian 3-month T-bills yield 2.29% as demand grows

There was strong bidding for Hungarian 3-month discount Treasury-bills at yesterday’s auction, according to Hungary’s Government Debt Management Agency (ÁKK)...

MNB

Government plans new law after FX ruling

Hungary’s governing party Fidesz will protect borrowers by submitting legislation to phase out FX mortgages, in response to the Curia...

Banking

Week in review: Read his lips – new taxes!

EDITORIAL...

Banking

Orbán: Sectoral taxes will stay; personal income tax will shrink

The special taxes on the the financial, energy, retail and telecommunications sectors will remain in place for as long as...

Debt

ÁKK cuts offers for three-, five-year bonds, raises offer for long-term bonds at auction

The Government Debt Management Centre (ÁKK) cut its offers for three-year and five-year government bonds, but sold more than originally...

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...