Finance

Banking

Country protection fund should remain unspent to keep deficit below 3%, Fiscal Council says

The Hungarian government should keep the HUF 170 billion Country Protection Fund unspent in the remainder of the year too...

Banking

Hungary’s Chief negotiator points out agreements with EU/IMF in debate

There are points of agreement with EU/IMF, Mihály Varga, the government's chief negotiator said answering a deputy's question on the...

MNB

MNB to press on with easing amid benign risk backdrop, says City

Dovish external members of the Hungarian central bank's monetary policy council are likely to push through another 25bp interest rate...

MNB

Hungary to take over credit from debt-laden municipalities

Hungary’s central government will take over HUF 612 billion of local council debt to ease the burden on municipalities and...

Banking

Interest expenditure target for 2013 “realistic”

The HUF 1,225.5 billion target for interest expenditures in next year's budget is "realistic" and could even be lower if...

Banking

Hungary slips to 54th place in Doing Business ranking

Hungary's slipped to 54th place on the World Bank's latest Doing Business ranking from 51st a year earlier....

MNB

Simor urges end to “vicious cycle” of burdening banks

National Bank of Hungary governor András Simor on Tuesday pressed for an end to the "vicious cycle" of placing state...

Banking

EC decision on telco tax not expected this year

Hungary's government does not expect the European Commission to take a decision on the country's telco tax this year, daily...

Debt

ÁKK cuts offer on weak demand at “liquidity” bill auction

The Government Debt Management Agency (ÁKK) cut its offer on weak demand at an auction of eight-week "liquidity" T-bills on...

MNB

Hungary default insurance cost drops to fresh year-low

The cost of insuring Hungary's sovereign debt against default fell under 300bp on markets in London....

Debt

Hungary plans launch of inflation-pegged eurobond for retail investors

Hungary's Government Debt Management Agency (ÁKK) plans to launch a three-year, floating rate, euro-denominated bond targeted at retail investors, deputy-CEO...

Ratings

Hungary “wouldn’t be well-placed” without IMF deal, says Fitch director

Hungary "wouldn't be well-placed" if it fails to reach an agreement on precautionary financial assistance it is seeking from the...

Banking

Hungary could wind up IMF negotiations in autumn, says Varga

Hungary could wind up negotiations with the International Monetary Fund on precautionary financial assistance in the autumn, Mihály Varga, Hungary's...

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...