Finance

MNB

Buffett and international funds fill financing void

With Wall Street still hesitant to make big bets on merger financing, corporate buyers are looking to wealthy investors such...

MNB

Buffett and international funds fill financing void

With Wall Street still hesitant to make big bets on merger financing, corporate buyers are looking to wealthy investors such...

MNB

China finds big gold mine, reserves of over 20 tons

China National Gold Group Corporation (CNGGC) said on Monday it had found a new vein with an estimated 15 tons...

MNB

China finds big gold mine, reserves of over 20 tons

China National Gold Group Corporation (CNGGC) said on Monday it had found a new vein with an estimated 15 tons...

MNB

Currency strength hampers businesses

London analysts believe that the strong forint per euro exchange rate may harm Hungarian companies, while others say they are...

MNB

Currency strength hampers businesses

London analysts believe that the strong forint per euro exchange rate may harm Hungarian companies, while others say they are...

Banking

Hungary: Gov’t plans substantial tax cuts from 2009

The government plans substantial tax and contribution reductions from 2009, Finance Minister János Veres said at a press conference in...

Banking

Hungary: Gov’t plans substantial tax cuts from 2009

The government plans substantial tax and contribution reductions from 2009, Finance Minister János Veres said at a press conference in...

Banking

Analyst urges tax cuts to improve Hungary’s competitiveness

Cutting payroll and corporate taxes could improve Hungary’s competitiveness, and the resulting gap in budget revenue could be filled with...

Banking

Analyst urges tax cuts to improve Hungary’s competitiveness

Cutting payroll and corporate taxes could improve Hungary’s competitiveness, and the resulting gap in budget revenue could be filled with...

MNB

Dubai gold trade hopes for holiday tonic

Dubai's gold sellers are pinning hopes for a demand boost on foreign workers' willingness to spend part of their savings...

MNB

Dubai gold trade hopes for holiday tonic

Dubai's gold sellers are pinning hopes for a demand boost on foreign workers' willingness to spend part of their savings...

MNB

Analysts prepare for summer gold rush

This summer as investors seek out alternatives to falling confidence in the economy, and the strong investment demand may couple...

MNB

Analysts prepare for summer gold rush

This summer as investors seek out alternatives to falling confidence in the economy, and the strong investment demand may couple...

MNB

Gold slips after rally, below 5-week high

Gold dropped as speculators booked profits after pushing up the price to its strongest level in five weeks, and a...

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...