Finance

Banking

Faster growth impossible without budget reform – Bokros

An acceleration of Hungary’s economic growth is unimaginable without a broad reaching budget reform, head of the Central European University...

Banking

Faster growth impossible without budget reform – Bokros

An acceleration of Hungary’s economic growth is unimaginable without a broad reaching budget reform, head of the Central European University...

MNB

Gold tracks oil higher as market eyes Fed

Gold climbed in Europe on Monday as rising oil prices fuelled buying of bullion as an inflation hedge....

MNB

Gold tracks oil higher as market eyes Fed

Gold climbed in Europe on Monday as rising oil prices fuelled buying of bullion as an inflation hedge....

Banking

FinMin: Hungary should consider windfall profit tax on energy companies

Finance Minister János Veres on Friday said it would be worthwhile for Hungary to consider introducing a “Robin Hood” tax...

Banking

FinMin: Hungary should consider windfall profit tax on energy companies

Finance Minister János Veres on Friday said it would be worthwhile for Hungary to consider introducing a “Robin Hood” tax...

Banking

Romania renews talk of Petrom contract review

Romania has renewed threats to review the privatization contract of local oil company Petrom in a pricing row that has...

Banking

Romania renews talk of Petrom contract review

Romania has renewed threats to review the privatization contract of local oil company Petrom in a pricing row that has...

MNB

Analysis: Emerging borrowers braving market after crunch

Emerging market sovereign and quasi-sovereign borrowers are returning en masse to international markets with a swathe of new bond sales...

MNB

Analysis: Emerging borrowers braving market after crunch

Emerging market sovereign and quasi-sovereign borrowers are returning en masse to international markets with a swathe of new bond sales...

Banking

EC likely to reject Hungary fuel excise tax request

The European Commission has said it does not support the lowering of excise tax content of vehicle fuel to cushion...

Banking

EC likely to reject Hungary fuel excise tax request

The European Commission has said it does not support the lowering of excise tax content of vehicle fuel to cushion...

MNB

Inflation fears may push gold back to $1,000/oz

Gold is poised to climb back above $1,000 per ounce this year, as inflationary pressures and financial turmoil prompt investors...

MNB

Inflation fears may push gold back to $1,000/oz

Gold is poised to climb back above $1,000 per ounce this year, as inflationary pressures and financial turmoil prompt investors...

Ratings

IMF welcomes smaller deficits, but warns Hungary

The International Monetary Fund (IMF) welcomed reductions in Hungary's fiscal and current account deficits in 2007, but warned that the...

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...