Finance

Debt

Gen Gov’t Has January Surplus

Hungary's cash flow-based general government had a HUF 54.4 bln surplus at the end of January, the Finance Ministry said...

MNB

MNB Publishes Chinese-language Issue of Financial and Economic Review

The National Bank of Hungary (MNB) yesterday published a Chinese-language issue of the Financial and Economic Review containing a selection...

Banking

KBC Books EUR 285 mln Profit in Hungary in 2023

Belgium's KBC booked EUR 285 million in profit at its banking and insurance businesses in Hungary last year, an earnings...

MNB

MNB Business Confidence Index Climbs in January

The business confidence index of the National Bank of Hungary (MNB) rose to +2 points in January from -11 points...

MNB

MNB International Reserves Rise EUR 5.138 bln in January

International reserves of the National Bank of Hungary (MNB) stood at EUR 46.542 billion at the end of January, up...

Trade

Hungary Trade Deficit at EUR 188 mln in December

Hungary's external trade in goods deficit reached EUR 188 million in December 2023, according to data by the Central Statistical...

Banking

EIB Group Outlays, Guarantees in Hungary Reach EUR 490 mln in 2023

The European Investment Bank Group, including the EIB and the European Investment Fund, supported Hungary's economy with EUR 490 million...

Trade

Magosz, NAK ‘Firmly Oppose’ EC Action on Ukraine Trade Restrictions

Hungarian farmers association Magosz and the National Agriculture Chamber (NAK) said they were "firmly opposed" to the European Commission's proposal...

Banking

OTP Raises Capital at Uzbek Unit

OTP Bank has raised capital at its Uzbek unit, Ipoteka Bank, boosting its stake in the lender to 79.58%, according...

Trade

Trade Surplus at EUR 1.58 bln in November

Hungary's trade surplus reached EUR 1.58 billion in November, widening from EUR 1.003 bln in the previous month, the Central...

Banking

Companies Deposit Net HUF 581 bln at Local Banks

Non-financial companies deposited net HUF 581 billion at local banks in December, state news wire MTI reports citing monthly data...

Banking

Households Deposit Net HUF 375 bln at Bank Accounts in Dec

Households made net deposits of HUF 375 bln into their accounts at Hungarian banks in December, monthly data released by...

Banking

Raiffeisen Books EUR 264 mln Profit in Hungary in 2023

Raiffeisen Bank International booked after-tax profit of EUR 264 million at its business in Hungary last year, up 44%, an...

MNB

MNB Cuts Base Rate by 75 bp to 10%

The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 75...

MNB

MNB Extends EUR 4 bln ECB Repo Line

The maturity of a EUR 4 bln repo line agreement the National Bank of Hungary (MNB) has with the European...

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...