Finance

Debt

Hungary State Debt Ratio Reaches 75.2% at End-Q2

Hungary's state debt relative to GDP reached 75.2% at the end of the second quarter, a second reading of data...

Banking

K&H Mobile App Introduces Voice-based Digital HUF Transfers

K&H's mobile bank is the first in the Hungarian financial sector to introduce voice-based digital HUF transfers, Andrea Király, head...

Banking

MBH Bank Closes Acquisition of Duna Takarék Bank

MBH Bank closed the acquisition of Duna Takarék Bank on Friday, Hungary's second-biggest commercial lender said, according to a report...

MNB

MNB Sees Broadening Disinflationary Impact Till Year-end

The National Bank of Hungary (MNB) augured a continuation until the end of the year of the broadening disinflationary impact...

Banking

Banks to Draft Lending Recovery Plan

The Hungarian Banking Association agreed to draft a package of measures banks can take to support the recovery of the...

MNB

MNB Monetary Council Leaves Base Rate on Hold at 13%

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the base rate on hold at 13%,...

MNB

ÁSZ President Questions ‘Neutralization’ of MNB Losses

The accumulated losses of the National Bank of Hungary (MNB) could only be "neutralized" in several years, but it is...

Debt

ÁKK Sells HUF 60.5 bln of Bonds at Auction, Double Plan

The Government Debt Management Agency (ÁKK) sold HUF 60.5 billion of bonds at auction on Thursday, a little more than...

Ratings

S&P Revises Croatia’s Outlook to Positive

Standard & Poor's on Friday affirmed Croatia's BBB+/A-2 ratings and revised the county's outlook to positive, forecasting that economic growth...

Trade

Hungary Extends Ban on Ukrainian Grain Imports

Hungary extended a ban on imports of Ukrainian grain in a government decree issued late Friday after the European Commission...

MNB

MNB Could Cut Base Rate to 10-11% – Report

Hungary's central bank could cut its base rate to 10-11% by the end of the year from 13%, a rate-setter...

Banking

Value of Bank Card Payments Climbs 24% in Q2

The value of payments in Hungary made with locally-issued bank cards climbed 24% year-on-year to HUF 3.733 trillion in the...

Debt

Hungary Current Account Shows EUR 142 mln Deficit in July

Hungary's current account showed a EUR 142 mln deficit in July, after surpluses in the previous two months, preliminary monthly...

Banking

Forint Liquidity of Banking Sector Increases in August

Forint liquidity of the Hungarian banking sector expanded in August, mainly reflected in an increase of average stock of lenders'...

Trade

AgMin Consults With Counterparts on Ukrainian Grain Import Ban Extension

Agriculture Minister István Nagy met with his counterparts from Romania, Bulgaria, and Slovakia on Tuesday to discuss extending restrictions on...

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...