Finance

MNB

Buffett says US in recession, stocks not cheap

Billionaire investor Warren Buffett said on Monday the US economy is in recession and “stocks are not cheap.”...

MNB

Buffett says US in recession, stocks not cheap

Billionaire investor Warren Buffett said on Monday the US economy is in recession and “stocks are not cheap.”...

Banking

Polish PM Tusk wants to scrap capital-gains tax

Polish Prime Minister Donald Tusk was quoted as saying on Saturday he favored doing away with his country’s current 19%...

Banking

Polish PM Tusk wants to scrap capital-gains tax

Polish Prime Minister Donald Tusk was quoted as saying on Saturday he favored doing away with his country’s current 19%...

Ratings

Moody’s predicts stable European building materials industry

Moody's Investors Service holds a stable outlook for European building materials companies for 2008, the agency said a in a...

Ratings

Moody’s predicts stable European building materials industry

Moody's Investors Service holds a stable outlook for European building materials companies for 2008, the agency said a in a...

MNB

Erste Bank Hungary net earnings double

Erste Bank Hungary's unconsolidated net revenues more than doubled to Ft 21.1 billion in 2007 from Ft 9.6 billion a...

MNB

Erste Bank Hungary net earnings double

Erste Bank Hungary's unconsolidated net revenues more than doubled to Ft 21.1 billion in 2007 from Ft 9.6 billion a...

MNB

Gold hits record high on surging oil, euro

Gold roared above $955 an ounce to its highest level ever, with investors pouring money into the metal after oil...

MNB

Gold hits record high on surging oil, euro

Gold roared above $955 an ounce to its highest level ever, with investors pouring money into the metal after oil...

Banking

German prosecutors widen Liechtenstein tax probe

German prosecutors leading one of the country's biggest tax-evasion probes said they had widened their investigation to a second bank...

Banking

German prosecutors widen Liechtenstein tax probe

German prosecutors leading one of the country's biggest tax-evasion probes said they had widened their investigation to a second bank...

MNB

Gold drops as possible IMF sales weigh

Gold extended losses after the US Treasury said it would support gold sales by the International Monetary Fund, which holds...

MNB

Gold drops as possible IMF sales weigh

Gold extended losses after the US Treasury said it would support gold sales by the International Monetary Fund, which holds...

MNB

Hungarian central bank scraps forint trading band

Hungary's central bank on Monday ended the forint's 30% trading band against the euro which has been in place since...

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...