Finance

Banking

Economist: Hungary in chaos

Hungary, which used to be a wonder child of the region, is lagging behind, its government is played by the...

Banking

Economist: Hungary in chaos

Hungary, which used to be a wonder child of the region, is lagging behind, its government is played by the...

MNB

Central bankers make ready extra funds

The central banks of the United Kingdom and Switzerland promised extra funds to ease pressure on interbank lending rates yesterday...

MNB

Central bankers make ready extra funds

The central banks of the United Kingdom and Switzerland promised extra funds to ease pressure on interbank lending rates yesterday...

MNB

Investec fund bets on small gold producers

Small and medium-sized gold producers with rising output which hasn’t been hedged are bid targets and a better bet than...

MNB

Investec fund bets on small gold producers

Small and medium-sized gold producers with rising output which hasn’t been hedged are bid targets and a better bet than...

Banking

Russia’s FinMin eyes oil industry tax cut from 2009

Russia’s Finance Ministry will propose a 100 billion rubles ($4.2 billion) reduction in tax on the oil sector from 2009,...

Banking

Russia’s FinMin eyes oil industry tax cut from 2009

Russia’s Finance Ministry will propose a 100 billion rubles ($4.2 billion) reduction in tax on the oil sector from 2009,...

MNB

Moscow seeks early repayment of $1.3 bln debt to S.Korea

Russia’s Finance Ministry has proposed that the country’s $1.3 billion Soviet-era debt to South Korea be paid off ahead of...

MNB

Moscow seeks early repayment of $1.3 bln debt to S.Korea

Russia’s Finance Ministry has proposed that the country’s $1.3 billion Soviet-era debt to South Korea be paid off ahead of...

MNB

Gold bounces on bargain hunting but dollar, oil weigh

Gold rebounded on bargain hunting on Tuesday but held near its lowest in a month, with its appeal as an...

MNB

Gold bounces on bargain hunting but dollar, oil weigh

Gold rebounded on bargain hunting on Tuesday but held near its lowest in a month, with its appeal as an...

MNB

S&P: crisis hurt French banks in 2007

French banks have suffered from the current financial crisis, and their 2008 results will continue to be marked by the...

Ratings

Moody’s leaves Credit Suisse ratings unchanged

Financial consultancy Moody’s has left the ratings of Swiss banking major Credit Suisse Group unchanged despite massive writedowns....

MNB

S&P: crisis hurt French banks in 2007

French banks have suffered from the current financial crisis, and their 2008 results will continue to be marked by 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...