Finance

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...

MNB

Germany’s Bundesbank likely to hold on to gold reserves

Germany’s Bundesbank will probably hold on to the vast bulk of its gold reserves in the next year of the...

MNB

Germany’s Bundesbank likely to hold on to gold reserves

Germany’s Bundesbank will probably hold on to the vast bulk of its gold reserves in the next year of the...

MNB

Spain grants Genesis Energy interest-free loan

Genesis Energy, a Hungarian company that is building solar panel plants in Hungary, Spain and Singapore, said Monday that Spain’s...

MNB

Spain grants Genesis Energy interest-free loan

Genesis Energy, a Hungarian company that is building solar panel plants in Hungary, Spain and Singapore, said Monday that Spain’s...

Banking

Liechtenstein tax informer said in Australia-paper

A Liechtenstein man at the center of investigations into a global tax evasion scandal is believed to be in Australia,...

Banking

Liechtenstein tax informer said in Australia-paper

A Liechtenstein man at the center of investigations into a global tax evasion scandal is believed to be in Australia,...

MNB

Hungary’s HTCC acquires Austrian peer

Listed telco/ISP Hungarian Telephone and Cable Corp. announced in a press release, that it has completed the purchase of Austrian-based...

MNB

Hungary’s HTCC acquires Austrian peer

Listed telco/ISP Hungarian Telephone and Cable Corp. announced in a press release, that it has completed the purchase of Austrian-based...

Banking

Regional tax watchdogs cooperate

The Visegrád four and Slovenia are to strengthen cooperation between their respective tax departments, the Hungarian watchdog APEH announced....

Banking

Regional tax watchdogs cooperate

The Visegrád four and Slovenia are to strengthen cooperation between their respective tax departments, the Hungarian watchdog APEH announced....

MNB

Beware Russia’s shrinking c/a surplus-Moody’s

A gradually shrinking current account surplus coupled with the rising debt of state-controlled corporations pose challenges for Russia, Moody’s Investor...

MNB

Beware Russia’s shrinking c/a surplus-Moody’s

A gradually shrinking current account surplus coupled with the rising debt of state-controlled corporations pose challenges for Russia, Moody’s Investor...

Banking

Thai government cuts taxes to revive economy

Thailand’s new government cut the corporate tax rate for listed companies to 25% from 30% for three years on Tuesday...

Banking

Thai government cuts taxes to revive economy

Thailand’s new government cut the corporate tax rate for listed companies to 25% from 30% for three years on Tuesday...

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...