Finance

Banking

Gov’t pension strategy aims to raise employment, halt population decline

The government is focusing on raising employment and halting the decline in population as solutions to Hungary's relatively high pension...

Banking

Gov’t pension strategy aims to raise employment, halt population decline

The government is focusing on raising employment and halting the decline in population as solutions to Hungary's relatively high pension...

Debt

ÁKK raises offers on strong demand at bond auction

The Government Debt Management Agency (ÁKK) raised its offers for the shorter terms on strong demand at a bond auction....

Debt

ÁKK raises offers on strong demand at bond auction

The Government Debt Management Agency (ÁKK) raised its offers for the shorter terms on strong demand at a bond auction....

Banking

“Servant tax” proves a failed venture

In January, the treasury only collected HUF 300,000 and altogether a mere HUF 1.1 million went to the state coffers...

Banking

“Servant tax” proves a failed venture

In January, the treasury only collected HUF 300,000 and altogether a mere HUF 1.1 million went to the state coffers...

MNB

Risk-averse banks cause credit conditions to tighten

The liquidity position of Hungarian banks is adequate, but low inclination to take risk has caused a tightening of credit...

MNB

Risk-averse banks cause credit conditions to tighten

The liquidity position of Hungarian banks is adequate, but low inclination to take risk has caused a tightening of credit...

MNB

Worsening of Hungarian banks’ loan quality near halts in Q4

The former rapid deterioration of Hungarian banks' lending portfolio has slowed or nearly halted in the last quarter of 2010,...

MNB

Worsening of Hungarian banks’ loan quality near halts in Q4

The former rapid deterioration of Hungarian banks' lending portfolio has slowed or nearly halted in the last quarter of 2010,...

Banking

The math of manufacturing jobs

The automotive industry is perhaps the single most important business segment in Hungary on which GDP growth depends. Now, it...

Banking

The math of manufacturing jobs

The automotive industry is perhaps the single most important business segment in Hungary on which GDP growth depends. Now, it...

MNB

Bank levy eats up profits in 2010, PSzÁF data show

Hungarian banks had combined after-tax profit of HUF 38.5 billion in 2010, down sharply from HUF 209.1 billion in 2009,...

MNB

Bank levy eats up profits in 2010, PSzÁF data show

Hungarian banks had combined after-tax profit of HUF 38.5 billion in 2010, down sharply from HUF 209.1 billion in 2009,...

Debt

ÁKK accepts no offers at reverse auction

The Government Debt Management Agency (ÁKK) did not accept any offers of bonds at a reverse auction on Wednesday....

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...