Finance

Banking

Central bank outlines economic challenges

Reviewing the findings of a similar analysis, the central bank of Hungary (MNB) said that the country still stands to...

Banking

Central bank outlines economic challenges

Reviewing the findings of a similar analysis, the central bank of Hungary (MNB) said that the country still stands to...

MNB

Central bank will act on risk premium and inflation developments

The National Bank of Hungary (MNB) will react to risk premium developments as well as inflation developments, rate-setter Péter Bihari...

MNB

Central bank will act on risk premium and inflation developments

The National Bank of Hungary (MNB) will react to risk premium developments as well as inflation developments, rate-setter Péter Bihari...

MNB

Gold set for further short-term gains

An analyst sees $1,100 as next milestone for globally climbing gold prices....

MNB

Gold set for further short-term gains

An analyst sees $1,100 as next milestone for globally climbing gold prices....

Ratings

S&P downgrades Hungary outlook to negative

Standard&Poor’s Ratings Services said Friday it downgraded its outlook for Hungary to negative from stable because of the weakening perspective...

Ratings

S&P downgrades Hungary outlook to negative

Standard&Poor’s Ratings Services said Friday it downgraded its outlook for Hungary to negative from stable because of the weakening perspective...

MNB

Gold price hits $1,000 per ounce for first time

The price of gold soared to a record high $1,000.45 per ounce on Thursday, as the precious metal benefited from...

MNB

Gold price hits $1,000 per ounce for first time

The price of gold soared to a record high $1,000.45 per ounce on Thursday, as the precious metal benefited from...

Banking

Hungary: More citizens should pay tax

Prime Minister Ferenc Gyurcsány has negotiated with experts on the future restructuring and simplification of the domestic tax system....

Banking

Hungary: More citizens should pay tax

Prime Minister Ferenc Gyurcsány has negotiated with experts on the future restructuring and simplification of the domestic tax system....

MNB

Financial system may need public funds-IMF’s Lipsky

Governments need to be ready to use public funds to prop up struggling financial markets, a senior International Monetary Fund...

MNB

Financial system may need public funds-IMF’s Lipsky

Governments need to be ready to use public funds to prop up struggling financial markets, a senior International Monetary Fund...

Banking

Hungary tax wedge second biggest among OECD members

Hungary’s tax wedge between labor costs to employers and net take-home pay for average earners was 54.4% of labor costs...

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...