Finance

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...

MNB

Hungary’s international reserves up €34 mln in May

Hungary's international reserves stood at €16.884 billion at the end of May, rising €34 million in a month, preliminary figures...

MNB

Hungary’s international reserves up €34 mln in May

Hungary's international reserves stood at €16.884 billion at the end of May, rising €34 million in a month, preliminary figures...

MNB

Russian parliament ratifies bill to settle Syria’s $3.6 bln debt

The lower house of the Russian parliament ratified on Friday an intergovernmental agreement with Syria on settling the country’s $3.6...

MNB

Russian parliament ratifies bill to settle Syria’s $3.6 bln debt

The lower house of the Russian parliament ratified on Friday an intergovernmental agreement with Syria on settling the country’s $3.6...

Banking

Hungary seeks EU permission to cut tax on fuels

Hungary has asked the European Commission for permission to cut the excise tax on fuels after a sharp rise in...

Banking

Hungary seeks EU permission to cut tax on fuels

Hungary has asked the European Commission for permission to cut the excise tax on fuels after a sharp rise in...

Banking

Hungary: Unified flat tax rate accessible in 2009?

After conciliation with representatives of the economy sector, former coalition member SzDSz party created a tax reduction program, said chair...

Banking

Hungary: Unified flat tax rate accessible in 2009?

After conciliation with representatives of the economy sector, former coalition member SzDSz party created a tax reduction program, said chair...

Banking

More adult Hungarians must work

Economy and Development Minister Gordon Bajnai said at a press conference, following a meeting with representatives of foreign chambers of...

Banking

More adult Hungarians must work

Economy and Development Minister Gordon Bajnai said at a press conference, following a meeting with representatives of foreign chambers of...

Banking

Hungary: Gov’t extra taxes ruled constitutional

According to the decision of the Constitutional Court (AB), neither wealth accumulation estimations nor the 4% extra tax are unconstitutional....

Banking

Hungary: Gov’t extra taxes ruled constitutional

According to the decision of the Constitutional Court (AB), neither wealth accumulation estimations nor the 4% extra tax are unconstitutional....

MNB

Cbank: Rate hike does not necessarily entail a rise in budget expenses

Monday’s hike to the central-bank base-rate does not necessarily entail a rise in central-budget expenditures, National Bank of Hungary (MNB)...

MNB

Cbank: Rate hike does not necessarily entail a rise in budget expenses

Monday’s hike to the central-bank base-rate does not necessarily entail a rise in central-budget expenditures, National Bank of Hungary (MNB)...

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...