Finance

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

Hungary deficit 17.9% of full-year target in January

Hungary had a cashflow-based general government deficit, excluding local councils, of HUF 122.8 billion in January or 17.9% of the...

Banking

Hungary deficit 17.9% of full-year target in January

Hungary had a cashflow-based general government deficit, excluding local councils, of HUF 122.8 billion in January or 17.9% of the...

Ratings

Hungary could start €4 billion of foreign issues as early as Q1

Hungary's Government Debt Management Agency (ÁKK) could start a planned €4 billion of foreign issues this year as early as...

Ratings

Hungary could start €4 billion of foreign issues as early as Q1

Hungary's Government Debt Management Agency (ÁKK) could start a planned €4 billion of foreign issues this year as early as...

Banking

Tax burdens in Hungary above EU average, but will improve, says ministry

As a result of the tax measueres introduced during the last few months , the tax burden in Hungary has...

Banking

Tax burdens in Hungary above EU average, but will improve, says ministry

As a result of the tax measueres introduced during the last few months , the tax burden in Hungary has...

Banking

Gov’t may offer companies incentive for wage compensation

The government may offer companies an incentive to compensate workers who take home less because of tax changes, Antal Rogán,...

Banking

Gov’t may offer companies incentive for wage compensation

The government may offer companies an incentive to compensate workers who take home less because of tax changes, Antal Rogán,...

Debt

AKK raises sales on high demand at six-week bills at auction

The Government Debt Management Agency (AKK) sold HUF 60 billion of six-week "liquidity bills" at an auction on Monday, HUF...

Debt

AKK raises sales on high demand at six-week bills at auction

The Government Debt Management Agency (AKK) sold HUF 60 billion of six-week "liquidity bills" at an auction on Monday, HUF...

Banking

Annual bonuses postponed till Jan, causing Dec business sector wages to fall

Companies in the business sector probably put off payment of year-end bonuses last year until January to take advantage of...

Banking

Annual bonuses postponed till Jan, causing Dec business sector wages to fall

Companies in the business sector probably put off payment of year-end bonuses last year until January to take advantage 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...