Finance

Banking

Hungary: Government to discuss tax cuts

The Finance Ministry has already calculated any possible tax cuts for 2009, and the proposal will be discussed at the...

Banking

Hungary: Government to discuss tax cuts

The Finance Ministry has already calculated any possible tax cuts for 2009, and the proposal will be discussed at the...

MNB

Hungary: Households borrow net Ft 97 bln from banks in June

Hungarian households borrowed net Ft 97.1 billion from banks in June, after making net repayments of Ft 90.6 billion in...

MNB

Hungary: Households borrow net Ft 97 bln from banks in June

Hungarian households borrowed net Ft 97.1 billion from banks in June, after making net repayments of Ft 90.6 billion in...

Banking

Hungary gov’t plans for tight 2009 budget – paper

Hungary’s minority Socialist government is preparing for a tight 2009 budget to create room for tax cuts, as added higher...

Banking

Hungary gov’t plans for tight 2009 budget – paper

Hungary’s minority Socialist government is preparing for a tight 2009 budget to create room for tax cuts, as added higher...

Ratings

Moody’s profit down 48%, ratings demand shrinks

Moody’s Corp, the parent of Moody’s Investors Service, said on Wednesday quarterly profit fell 48%, as the year-long credit crisis...

Ratings

Moody’s profit down 48%, ratings demand shrinks

Moody’s Corp, the parent of Moody’s Investors Service, said on Wednesday quarterly profit fell 48%, as the year-long credit crisis...

Debt

Concentration of gov’t security dealers falls in H1

Concentration on the market for Hungary’s primary government securities dealers fell back in the H1 of 2008 compared to the...

Debt

Concentration of gov’t security dealers falls in H1

Concentration on the market for Hungary’s primary government securities dealers fell back in the H1 of 2008 compared to the...

Banking

Hungary: Economic society urges tax reform, state spending cuts to spur growth

The Hungarian Economic Society (MKT) has urged the government to reform the country’s tax system and reduce state spending in...

Banking

Hungary: Economic society urges tax reform, state spending cuts to spur growth

The Hungarian Economic Society (MKT) has urged the government to reform the country’s tax system and reduce state spending in...

MNB

IMF warns higher financial markets fragility, systemic risks

The subprime market crisis erupted in the United States has triggered financial market turmoil around the world and global financial...

MNB

IMF warns higher financial markets fragility, systemic risks

The subprime market crisis erupted in the United States has triggered financial market turmoil around the world and global financial...

MNB

Hungary’s Finance Ministry releases draft budget

A budget planning shows that Hungary’s Finance Ministry will prepare next year's budget based on a ESA95 general government deficit...

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...