Finance

Banking

Simor suggests more predictable economic policy would support growth

Outgoing National Bank of Hungary governor András Simor suggested that a more predictable economic policy could clear the way or...

Ratings

Moody’s affirms Hungary rating but says growth, vulnerability remain concerns

Moody's Investors Service said late Friday it affirmed Hungary's Ba1 government bond rating and maintained the negative outlook. The ratings...

Debt

ÁKK raises offer for five-year term at bond auction

The Government Debt Management Agency (ÁKK) raised its offer for the five-year term at a bond auction on Thursday. ÁKK...

Banking

Few SME directors believe new small-business taxes will help

Few SME directors believe that Hungary's new small-business taxes introduced on January 1 will help their businesses, a joint K&H...

MNB

Savings-cooperative integration lending to SMEs rises 7% yr/yr in Q1-Q3 2012

The 106 members of Hungary's savings-cooperative integration lent 7% more money to SMEs in the first three quarters of 2012...

MNB

MNB base rate could fall to as low as 4.5%

Takarékbank Senior Analyst Gergely Suppan said on Wednesday evening that he believes the National Bank of Hungary (MNB) could reduce...

Banking

About 60,0000 companies register for small business taxes

About 60,000 Hungarian companies have registered for two new small business taxes that came into force at the start of...

Debt

AKK raises sale on large demand at liquidity T-bill auction

The Government Debt Management Agency (AKK) raised sales on three-fold subscription at an auction of short-term "liquidity" T-bills on Monday....

Banking

Hungary gen govt deficit 0.2% of GDP in Q3

Hungary had a ESA95 general government deficit of HUF 17.3 billion in the third quarter of 2012 or 0.2% of...

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...