Finance

Banking

Invoice Factory Operators Charged

The Metropolitan Prosecutor's Office brought charges against members of a criminal organization in Budapest who, between 2016 and 2020, operated...

Banking

Erste Bank Hungary H1 After-Tax Profit Reaches HUF 46.7 bln

First-half after-tax profit of Austrian-owned Erste Bank Hungary reached HUF 46.7 billion, climbing from HUF 4.4 bln in the base...

Banking

Erste Bank Hungary H1 After-Tax Profit Reaches HUF 46.7 bln

First-half after-tax profit of Austrian-owned Erste Bank Hungary reached HUF 46.7 billion, climbing from HUF 4.4 bln in the base...

Debt

ÁKK Sells HUF 12.5 bln of 6-month T-bills at Auction

The Government Debt Management Agency (ÁKK) sold HUF 12.5 billion of discount six-month T-bills at auction on Wednesday, HUF 2.5...

Debt

ÁKK Sells HUF 12.5 bln of 6-month T-bills at Auction

The Government Debt Management Agency (ÁKK) sold HUF 12.5 billion of discount six-month T-bills at auction on Wednesday, HUF 2.5...

Trade

Hungary Trade Surplus Hits EUR 1.5 bln in June

Hungary's surplus on the external trade in goods amounted to EUR 1.5 billion in June, according to data by the...

Trade

Hungary Trade Surplus Hits EUR 1.5 bln in June

Hungary's surplus on the external trade in goods amounted to EUR 1.5 billion in June, according to data by the...

Ratings

S&P Raises Bosnia’s Long-Term Ratings 

Standard and Poor's said it has raised the long-term local and foreign currency sovereign credit ratings on Bosnia and Herzegovina...

MNB

Watchdog Fines Fund Managers for Remuneration Policies

The National Bank of Hungary (MNB) on Tuesday said it fined fund managers Hold and Adalfa for remuneration policies that...

MNB

Watchdog Fines Fund Managers for Remuneration Policies

The National Bank of Hungary (MNB) on Tuesday said it fined fund managers Hold and Adalfa for remuneration policies that...

Debt

Gen Gov’t Deficit Hits HUF 2.94 tln in July

Hungary's cash flow-based general government balance reached HUF 2.94 trillion at the end of July, the Finance Ministry said in...

Debt

Gen Gov’t Deficit Hits HUF 2.94 tln in July

Hungary's cash flow-based general government balance reached HUF 2.94 trillion at the end of July, the Finance Ministry said in...

MNB

MNB Int’l Reserves Rise EUR 94 mln in July

International reserves of the National Bank of Hungary (MNB) stood at EUR 39.964 billion at the end of July, up...

MNB

MNB: Loan Officers Indicate Stable Lending Capacity

A quarterly survey of loan officers published by the National Bank of Hungary (MNB) on its website shows stable lending...

Banking

Households Continue to Make Net Withdrawals in June

Households made net withdrawals of HUF 278 billion from their accounts at Hungarian banks in June, news agency MTI reports,...

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...