Finance

Banking

Opposition Együtt-PM to take ad tax to EC

The opposition political alliance Együtt-PM (E-PM) announced today that it will turn to the European Commision to oppose the new...

Ratings

Fitch withdraws support ratings of Hungarian banks

The credit-rating company Fitch Ratings announced yesterday that it will no longer provide Support Ratings of four CEE banks, including...

Banking

Parliament approves advertisement tax

The Hungarian Parliament approved the controversial tax on advertisement revenues Wednesday, despite protests from media on all sides of the...

Banking

Hungarian government ready to approve ad tax in present form

The parliamentary group of the governing Fidesz party unanimously supported the approval of a bill before parliament calling for the...

Banking

Ad tax protest hits the streets in Hungary

Approximately 1,000 protesters gathered in front of the Hungarian parliament to denounce the advertisement tax bill submitted last week....

Ratings

Fitch affirms Hungary at ‘BB+’

Fitch Ratings on Friday affirmed Hungary’s long-term foreign currency Issuer Default Rating (IDR) at ‘BB+’ and its local currency IDR...

Banking

Hungarian government to disuss ad tax bill early next week

Meanwhile media is protesting against the submitted advertisement tax bill, Fidesz parliamentary leader Antal Rogán said that the government is...

Debt

ÁKK raises offer at twelve-month T-bill auction

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

Debt

ÁKK sells HUF 44.5 bln of floaters at auction

The Government Debt Management Agency (ÁKK) sold HUF 44.5 bln of floating-rate bonds at an auction on Thursday, a fraction...

Banking

Hungarian media companies to protest against advertisement tax

Media companies of Hungary have decided to join their forces in protesting against the advertisement tax bill proposal submitted by...

Banking

Hungarian advertising tax shocks TV channels

Both the greatest Hungarian TV channels, RTL Klub and TV2, have expressed their strong objections against the possible introduction of...

Banking

Hungarian MP defends advertisement tax bill proposal

László L. Simon, MP of governing Fidesz, defended his advertisement tax proposal after its submission has caused roar in Hungarian...

Banking

Hungary to introduce advertisement tax

Hungarian government is planning to introduce a tax on advertising, the National Economy Minister Mihály Varga said on a Hungarian...

MNB

Money provided but not markets

National Bank of Hungary (MNB) and the Hungarian Export-Import Bank Plc. (Eximbank) provides abudant credit sources for corporations, although growth...

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...