Finance

Banking

Economists see quick solution for Hungary’s troubled economy

The problems of Hungary's sluggish economic growth and big budget gap - the results of poor economic policy - could...

MNB

Fed auctions $75 bln to banks to ease credit crunch

The US Federal Reserve said it auctioned another $75 billion in short-term loans to cash-strapped banks to help ease credit...

MNB

Fed auctions $75 bln to banks to ease credit crunch

The US Federal Reserve said it auctioned another $75 billion in short-term loans to cash-strapped banks to help ease credit...

Banking

Hungary cuts H1 fiscal deficit

Hungary's Finance Ministry said it forecasts a cash flow-based general government surplus of Ft 88.6 billion for May, and it...

Banking

Hungary cuts H1 fiscal deficit

Hungary's Finance Ministry said it forecasts a cash flow-based general government surplus of Ft 88.6 billion for May, and it...

MNB

Vietnam raises gold import tax

Vietnam increased the import tax on gold from 0.5 to 1 per cent per tael (one tael is equal to...

MNB

Vietnam raises gold import tax

Vietnam increased the import tax on gold from 0.5 to 1 per cent per tael (one tael is equal to...

Banking

Hungary must cut tax on labor, create jobs

Hungary needs to cut its high taxes on labor and create more jobs for the economy to be able to...

Banking

Hungary must cut tax on labor, create jobs

Hungary needs to cut its high taxes on labor and create more jobs for the economy to be able to...

MNB

Europe sails into its own credit crunch

Europe is next in line to feel the impact from tighter credit, a tough situation for an economy heavily dependent...

MNB

Europe sails into its own credit crunch

Europe is next in line to feel the impact from tighter credit, a tough situation for an economy heavily dependent...

MNB

Global financial markets likely to see fresh turbulence

After six weeks of calm, global financial markets are bracing for one more aftershock from the 9-month old credit crunch....

MNB

Global financial markets likely to see fresh turbulence

After six weeks of calm, global financial markets are bracing for one more aftershock from the 9-month old credit crunch....

Banking

UK: Gov’t faces pension-fund tax challenge

The government faces a legal challenge over tax on pension funds, which if successful, could see hundreds of million of...

Banking

UK: Gov’t faces pension-fund tax challenge

The government faces a legal challenge over tax on pension funds, which if successful, could see hundreds of million of...

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...