Finance

Debt

Investors subscribe HUF 1.13 billion RFV bonds in third phase of bond program

Investors subscribed close to HUF 1.13 billion of RFV2014/A bonds in the recent two-week offering, including almost HUF 300 million...

Debt

Investors subscribe HUF 1.13 billion RFV bonds in third phase of bond program

Investors subscribed close to HUF 1.13 billion of RFV2014/A bonds in the recent two-week offering, including almost HUF 300 million...

Banking

EC starts infringement procedure against Hungary over telecoms tax

The European Commission said that it launched an infringement procedure against Hungary over a new “special tax” imposed on the...

Banking

EC starts infringement procedure against Hungary over telecoms tax

The European Commission said that it launched an infringement procedure against Hungary over a new “special tax” imposed on the...

Banking

Gov‘t targeted savings on drug subsidies is “not realistic”, says head of professional association

An annual HUF 120 billion in savings the government plans to make on drug subsidies is "not realistic", Tamás Szoják,...

Banking

Gov‘t targeted savings on drug subsidies is “not realistic”, says head of professional association

An annual HUF 120 billion in savings the government plans to make on drug subsidies is "not realistic", Tamás Szoják,...

Debt

ÁKK raises offer for all three terms at bond auction

The Government Debt Management Agency (ÁKK) raised its offers for all three bonds on strong demand at an auction on...

Debt

ÁKK raises offer for all three terms at bond auction

The Government Debt Management Agency (ÁKK) raised its offers for all three bonds on strong demand at an auction on...

Banking

Govt mulls letting local councils levy more taxes

The Hungarian government is mulling plans to change responsibilities and financing of local councils, according to information acquired by daily...

Banking

Govt mulls letting local councils levy more taxes

The Hungarian government is mulling plans to change responsibilities and financing of local councils, according to information acquired by daily...

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...