Finance

MNB

Haggling or juggling?

News about the amendment of the central bank act is frequently updated nowadays. The government is seemingly doing its best...

MNB

Haggling or juggling?

Since 2011 December Hungarian government has permanently been reinforced its willingness to negotiate about loan with the International Monetary Fund....

MNB

IMF/EU deal would cut Hungary yields 1.5-2pp

Reaching an agreement on financial assistance from the International Monetary Fund and the European Union could reduce yields on Hungarian...

MNB

Analysts expect no change in Hungary base rate, IMF deal at year-end

Hungary's central bank will keep its interest rates on hold next week, analysts polled by Reuters between May 22-24 said....

Banking

Two difficult years of struggle stand behind Hungary, gov’t, says state secretary

Two difficult years of struggle stand behind Hungary and its government, but significant results have been achieved during this period,...

MNB

Hungary net financing requirement 1.9% of GDP in Q1

General government net financing requirement amounted to HUF 1,262 billion, or 4.4% of Hungary’s GDP in the four quarters through...

MNB

Households’ net financing capacity decreased to 5.3% of GDP in Q1

Household net lending, or net financing capacity, HUF 1,489 billion, was equivalent to 5.2% of GDP in the four quarters...

Banking

Government introduces tax bills

The Ministry of National Economy introduced three tax bills to parliament on Friday, concerning a telecommunications tax, a financial transaction...

Banking

EU conformity of telephone tax questionable, Mattheisen says

Magyar Telekom chairman-CEO Christopher Mattheisen on Thursday said a tax on telephone calls approved by the government would appear to...

Banking

Govt approves new taxes in Széll Kálmán Plan 2.0

Hungary's government approved the introduction of new taxes on telephone calls, on financial transactions and on insurance products at a...

Banking

Govt approves new taxes in Széll Kálmán Plan 2.0

Hungary's government approved the introduction of new taxes on telephone calls, on financial transactions and on insurance products at a...

Banking

State secretary would see €15 billion three-year precautionary assistance from IMF

Hungary should conclude an agreement on three-year precautionary assistance worth approximately HUF 15 billion from the International Monetary Fund, broadly...

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...