Finance

MNB

Central banks keep cash flowing to markets

The world’s central banks jumped to grease money market wheels again on Friday, pouring in more money even as stocks...

MNB

Central banks keep cash flowing to markets

The world’s central banks jumped to grease money market wheels again on Friday, pouring in more money even as stocks...

Banking

Gov’t package to reduce taxes by Ft 205 bln in 2009

The government’s tax package will reduce the tax burden by a gross Ft 205 billion next year, under the originally...

Banking

Gov’t package to reduce taxes by Ft 205 bln in 2009

The government’s tax package will reduce the tax burden by a gross Ft 205 billion next year, under the originally...

MNB

Central banks dish out more funds as markets reel

Japan and Australia pumped further $17 billion into money markets on Thursday to prevent banks from hoarding cash amid a...

MNB

Central banks dish out more funds as markets reel

Japan and Australia pumped further $17 billion into money markets on Thursday to prevent banks from hoarding cash amid a...

Banking

Hungary: Tax cut is not a magic tool

The government plans a tax cut from 2009, but the necessary reserves are only available for the first year, Prime...

Banking

Hungary: Tax cut is not a magic tool

The government plans a tax cut from 2009, but the necessary reserves are only available for the first year, Prime...

MNB

From Sydney to Frankfurt, central banks inject billions

Central banks pumped vast amounts of extra funds into world financial markets for a second day on Tuesday in an...

MNB

From Sydney to Frankfurt, central banks inject billions

Central banks pumped vast amounts of extra funds into world financial markets for a second day on Tuesday in an...

MNB

Russian state investment in Fannie Mae, Freddie Mac under $30 bln

Russia’s investment in the troubled US mortgage giants Fannie Mae and Freddie Mac is estimated at around $30 billion, the...

MNB

Russian state investment in Fannie Mae, Freddie Mac under $30 bln

Russia’s investment in the troubled US mortgage giants Fannie Mae and Freddie Mac is estimated at around $30 billion, the...

Banking

Hungary: FinMin rejects employers’ call for bigger cuts in payroll tax

Finance Minister János Veres rejected employers’ proposals for bigger cuts in payroll tax because of a lack of resources at...

Banking

Hungary: FinMin rejects employers’ call for bigger cuts in payroll tax

Finance Minister János Veres rejected employers’ proposals for bigger cuts in payroll tax because of a lack of resources at...

MNB

IMF approves $750 mln loan for Georgia

The International Monetary Fund has approved a $750 million emergency loan for Georgia to help in stabilizing the Caucasus republic’s...

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...