Finance

Banking

Joining EU Stability Pact not in Hungary’s best interest, says ministry

It is not in Hungary's interest to join the European Union Stability Pact as one of the key points of...

Banking

Local governments might lose three taxes

The government plans to redirect certain local taxes into the state budget, online news portal Index reported citing the head...

Banking

Local governments might lose three taxes

The government plans to redirect certain local taxes into the state budget, online news portal Index reported citing the head...

Debt

Demand healthy, yields up at twelve-month T-bill auction

Hungary's Government Debt Management Agency (ÁKK) sold the announced HUF 50 billion twelve-month discount T-bills at an auction on Thursday....

Debt

Hungary gov’t debt manager plans net forint repayment of HUF 72 billion in Q2

Hungary's Government Debt Management Agency (ÁKK) plans net repayments of HUF 72 billion in April-June, with HUF 1,332 billion issues...

Debt

Demand healthy, yields up at twelve-month T-bill auction

Hungary's Government Debt Management Agency (ÁKK) sold the announced HUF 50 billion twelve-month discount T-bills at an auction on Thursday....

Debt

Hungary gov’t debt manager plans net forint repayment of HUF 72 billion in Q2

Hungary's Government Debt Management Agency (ÁKK) plans net repayments of HUF 72 billion in April-June, with HUF 1,332 billion issues...

Debt

Demand strong, yields little changed at three-month T-bill auction

Demand rose further and the Government Debt Management Agency (ÁKK) sold the announced HUF 50 billion volume at an auction...

Debt

Demand strong, yields little changed at three-month T-bill auction

Demand rose further and the Government Debt Management Agency (ÁKK) sold the announced HUF 50 billion volume at an auction...

Banking

Gov’t rejects opposition proposal to lower vehicle fuel tax

The government rejected a proposal by the opposition to reduce the excise tax on vehicle fuel to cushion the impact...

Banking

Gov’t rejects opposition proposal to lower vehicle fuel tax

The government rejected a proposal by the opposition to reduce the excise tax on vehicle fuel to cushion the impact...

Ratings

Moody’s downgrades Portugal, assigns a negative outlook

The rating action concludes the review that Moody's initiated on Portugal on 21 December 2010 and is the last of...

Ratings

Moody’s downgrades Portugal, assigns a negative outlook

The rating action concludes the review that Moody's initiated on Portugal on 21 December 2010 and is the last of...

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...