Finance

Banking

Government launches HUF 21 bln in tenders for additional wage compensation

The government has launched HUF 21 billion in tenders for additional support for employers to raise wages....

Debt

AKK raises offer, yields under benchmark at three-month T-bill auction

The Government Debt Management Agency (AKK) raised its offer at an auction of discount three-month T-bills on Tuesday....

Banking

Economy Ministry clarifies minister’s tax ideas

"György Matolcsy only talked about how much healthier a five-rate VAT system would be", the National Economy Ministry said in...

MNB

Hungary international reserves drop €128 mln in March

Hungary's international reserves stood at €34.642 billion at the end of March, dropping €128 million from the end of February,...

Banking

Analysts skeptical about economy minister’s tax notions

Analysts voiced doubts regarding National Economy Minister György Matolcsy's suggested changes to Hungary's tax system in an article published on...

Banking

Economy minister would introduce financial sales tax

National Economy Minister György Matolcsy is in favor of introducing a financial sales tax, the weekly Heti Válasz reported on...

MNB

Kopint-Tárki 2012 GDP-growth projection remains unchanged at 0.3%

Economic-research company Kopint-Tárki's fresh economic report projects GDP growth of 0.3% in Hungary this year, unchanged from the figure in...

MNB

New exchange rate limit scheme available from Monday

The government's new exchange-rate limit scheme was launched from Monday, available to borrowers who took out forex loans worth a...

Debt

Liquidity T-bill auction undersubscribed

Hungary's Government Debt Management Agency (AKK) sold HUF 30 billion six-week "liquidity" T-bills, HUF 20 billion less than announced at...

MNB

Early FX mortgage repayments boost net household savings in Q4

Early fx mortgage repayments under a government scheme boosted net household savings to 8.1% of quarterly GDP in the last...

MNB

Parent bank books €392 mln loss at MKB in 2011

Hungary's MKB Bank had a loss of €392 million in 2011, its parent bank, Germany's BayernLB, said in its report...

MNB

Total assets of RBI business in Hungary fall 14% in 2011

Total assets of Raiffeisen Bank International's (RBI) business in Hungary fell 14.2% to €7.32 billion at the end of 2011...

MNB

CPI could fall to 3% in H1 2013 – MNB

Consumer price inflation in Hungary could fall to the 3% "price stability" target in the first half of 2013, the...

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...