Finance

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...

MNB

Gold council urges investing in gold

With crude prices hitting the roof and the stock market is diving, gold is emerging as a good hedge option...

MNB

Gold council urges investing in gold

With crude prices hitting the roof and the stock market is diving, gold is emerging as a good hedge option...

MNB

Prefunding of UK bank failure payouts unlikely

British banks are unlikely to have to come up with money upfront to fund a compensation scheme for bank failure...

MNB

Prefunding of UK bank failure payouts unlikely

British banks are unlikely to have to come up with money upfront to fund a compensation scheme for bank failure...

MNB

Gold ends 3.7% higher as funds buy, oil soars

Gold ended nearly 4% higher on Thursday with funds pouring into commodities as a tumbling stock market amid oil’s surge...

MNB

Gold ends 3.7% higher as funds buy, oil soars

Gold ended nearly 4% higher on Thursday with funds pouring into commodities as a tumbling stock market amid oil’s surge...

Banking

Italy energy firms banned from passing on new tax

The Italian government has banned energy firms from passing on a new tax to their customers, the text of the...

Banking

Italy energy firms banned from passing on new tax

The Italian government has banned energy firms from passing on a new tax to their customers, the text of the...

Banking

Hungary: The euro and a tax reform would save us

The economy research institute GKI Zrt advises the government to take some measures which focus only few areas but suitable...

Banking

Hungary: The euro and a tax reform would save us

The economy research institute GKI Zrt advises the government to take some measures which focus only few areas but suitable...

Banking

EcoMin names reduction in bureaucracy costs important goal

It should be an important goal to reduce the cost of bureaucracy for businesses by Ft 750-800 billion, Minister of...

Banking

EcoMin names reduction in bureaucracy costs important goal

It should be an important goal to reduce the cost of bureaucracy for businesses by Ft 750-800 billion, Minister of...

Banking

EU executive to suggest more flexibility on VAT

European Union member states would be freed to lower rates of value added tax (VAT) on items ranging from restaurant...

Banking

EU executive to suggest more flexibility on VAT

European Union member states would be freed to lower rates of value added tax (VAT) on items ranging from restaurant...

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...