Finance

MNB

MNB governor: Easing cycle can continue

The National Bank of Hungary (MNB) can continue its easing cycle as long as the rate of inflation continues to...

Ratings

Varga: Strong demand at bond issue shows confidence in Hungary

Five-fold demand for a $2 billion dollar bond Hungary issued on Monday reflects investors’ long-term confidence in the country, Economy...

MNB

“Hundreds of thousands” could participate in fx loan bailout plan

Recently approved legislation that broadens the eligibility for an exchange rate cap scheme could attract borrowers “in the hundreds of...

Debt

ÁKK begins prepping $2 billion bond release

Hungary’s Government Debt Management Agency (ÁKK) on Monday announced preparations for the issue of a 10-year dollar bond. The issue...

MNB

Deputy CEO: Taxes “significantly burden” OTP Bank profitability

After an announcement of not exactly shining third-quarter results, OTP Bank deputy CEO László Bencsik stated at a press conference...

Banking

Demján: Hungary needs 10-year plan for trade sector

National Association of Entrepreneurs and Employers (VOSz) president Sándor Demján today stated that government and business leaders must consider formulation...

MNB

EBRD revises Hungary GDP growth forecast upward

In step with analysts at JP Morgan, the European Bank for Reconstruction and Development (EBRD) raised its forecast for GDP...

MNB

JP Morgan upgrades Hungary growth forecast

JP Morgan said on Friday it had significantly upgraded its forecast for Hungary’s GDP growth on the back of a...

Banking

Tobacco excise tax revenue almost HUF 29 billion in October

Revenue from excise tax on tobacco products peaked for the year at HUF 36.2 billion in September and reached HUF...

Banking

Falling cigarette sales could leave budget HUF 40 billion short

A decline in tobacco sales could cause a HUF 40 billion shortfall in revenue from excise tax and VAT, business...

MNB

Central bank: Hungarian system “highly stable”

Hungary’s domestic banking system remains “highly stable,” the National Bank of Hungary (MNB) said in a biannual report on Thursday....

Debt

MNV to issue bonds exchangeable for Richter shares

The Hungarian National Asset Management Company (MNV) will issue bonds worth about €900 million exchangeable for shares of pharmaceutical producer...

MNB

Foreclosure pressure increasing in Hungary

It is no longer a novelty that a large percentage of banks operating in Hungary are loss making. Those that...

MNB

Forex loan legislation to provide incentives for banks

A last-minute amendment to legislation assisting Hungarians with foreign currency-denominated loans gives lenders an incentive to forgive part of borrowers’...

MNB

European Commission assessment of 2014 government deficit: 3.0%

The European Commission projected Hungary’s general government deficit would reach the 3.0% of GDP European Union threshold in 2014 in...

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...