Finance

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...

MNB

Goldman $10 billion fund to invest in LBO loans

Goldman Sachs has raised $10 billion to create a fund that will invest in loans used to back leveraged buyouts...

MNB

Goldman $10 billion fund to invest in LBO loans

Goldman Sachs has raised $10 billion to create a fund that will invest in loans used to back leveraged buyouts...

MNB

Fannie, Freddie rescue plan to cost $25 bln

US Treasury Department's rescue plan for troubled mortgage giants Fannie Mae and Freddie Mac could cost taxpayers $25 billion, the...

MNB

Fannie, Freddie rescue plan to cost $25 bln

US Treasury Department's rescue plan for troubled mortgage giants Fannie Mae and Freddie Mac could cost taxpayers $25 billion, the...

MNB

Gazprom launches $500 mln 5-year Eurobond

Russian gas giant Gazprom launched $500-million five-year Eurobond, according to International Financing Review (IFR), a Thomson Reuters publication....

MNB

Gazprom launches $500 mln 5-year Eurobond

Russian gas giant Gazprom launched $500-million five-year Eurobond, according to International Financing Review (IFR), a Thomson Reuters publication....

MNB

Hungary’s budget debt rises Ft 380 bln in H1

Hungary's budget debt stood at Ft 15,966 billion at the end of June, up Ft 380 billion from the end...

MNB

Hungary’s budget debt rises Ft 380 bln in H1

Hungary's budget debt stood at Ft 15,966 billion at the end of June, up Ft 380 billion from the end...

MNB

Vultures loom over British house builders

Vulture funds are circling British house builders as their debt and equity prices plunge, debt traders said, hoping for rich...

MNB

Vultures loom over British house builders

Vulture funds are circling British house builders as their debt and equity prices plunge, debt traders said, hoping for rich...

Banking

FinMin: Hungary’s tax system “average” in complexity

During the past two years the rules of reports and returns have been considerably simplified for all tax types, and...

Banking

FinMin: Hungary’s tax system “average” in complexity

During the past two years the rules of reports and returns have been considerably simplified for all tax types, and...

MNB

China: Rising FDI reflects inflow of hot money

Foreign direct investment (FDI) in China rose 45.5% in the first half of the year, deepening worries that the inflow...

MNB

China: Rising FDI reflects inflow of hot money

Foreign direct investment (FDI) in China rose 45.5% in the first half of the year, deepening worries that the inflow...

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...