Finance

Debt

AKK raises bond auction sale on high demand

The Government Debt Management Agency (AKK) raised the sale of all three bonds sharply, to HUF 67.5 billion on more...

MNB

Stronger forint supports fall in state debt

Hungary's state debt as a percentage of GDP could fall further this year, mainly because of the firming forint, Government...

MNB

Hungary intl reserves rise to €35.9 bln in July

Hungary's international reserves stood at €35.899 billion at the end of July, rising from €35.575 billion a month earlier, fresh...

MNB

Number of bank cards in Hungary reaches 8,764,000

There were 8,764,000 bank cards in Hungary at the end of June, down about 7,000 from the end of March,...

MNB

Erste Group losses in Hungary widen

Erste Group booked a €72.7 million net loss at its business in Hungary in the first half, growing from a...

MNB

Hungary among six EU members registering drop in gov’t debt in Q1 – Eurostat

Hungary was one of six European Union member states registering a decrease in their government debt ratio in the first...

Banking

Fiscal Council puts 2012 deficit under 3% threshold if most reserves not used up

Hungary can keep its general government deficit under the 3% of GDP threshold in 2012 if it does not use...

Banking

No more taxes, s’il vous plaît – French companies and Hungary’s unorthodox economic policy

Hard times require tough decisions. In the dark days of the crisis, Hungary implemented unorthodox measures to meet deficit targets,...

Banking

Yielding ground on flat-rate tax would be difficult, Varga says

Hungary's government would be able to yield ground on the country's flat-rate tax with difficulty at negotiations for financial assistance...

Banking

Parliament to vote on HUF 300 bln job-saving action plan in September, official says

Hungary's Parliament could pass a HUF 300 billion job-saving and employment boosting package in September; Ádám Balog, National Economy Ministry...

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...