Finance

Banking

Bulgaria adopts flat tax, lowest in Europe

Bulgaria’s Parliament accepted Friday at first reading the amendments to the taxation law that introduce a flat tax of 10...

Banking

Bulgaria adopts flat tax, lowest in Europe

Bulgaria’s Parliament accepted Friday at first reading the amendments to the taxation law that introduce a flat tax of 10...

Banking

Bulgaria lawmakers split on flat tax proposal

Bulgarian MPs from the ruling Socialist party rebelled against the cabinet’s flat tax amendments during parliamentary debates on Thursday, while...

Banking

Bulgaria lawmakers split on flat tax proposal

Bulgarian MPs from the ruling Socialist party rebelled against the cabinet’s flat tax amendments during parliamentary debates on Thursday, while...

MNB

Brussels to involve in regulating Romania real estate credits

After witnessing the ongoing real estate credit crisis in the United States, the European Union may introduce a series of...

MNB

Brussels to involve in regulating Romania real estate credits

After witnessing the ongoing real estate credit crisis in the United States, the European Union may introduce a series of...

MNB

Gold rallies hard as euro hits new record high ahead of Fed minutes

Spot gold prices leapt 2.2% from a new four-week low in Asian and early London trade on Tuesday, breaking above...

MNB

Gold rallies hard as euro hits new record high ahead of Fed minutes

Spot gold prices leapt 2.2% from a new four-week low in Asian and early London trade on Tuesday, breaking above...

Banking

Tax survey puts Hungary 30th of 32 nations

The latest survey or personal taxation reveals that Belgium, Denmark and Hungary have the least attractive personal tax environments....

Banking

Tax survey puts Hungary 30th of 32 nations

The latest survey or personal taxation reveals that Belgium, Denmark and Hungary have the least attractive personal tax environments....

MNB

Swiss Re to take $1.1 bln loss after insuring swaps

Swiss Re on Monday said it was taking a $1.1 billion (1.2 billion Swiss franc) loss after insuring a client’s...

MNB

Swiss Re to take $1.1 bln loss after insuring swaps

Swiss Re on Monday said it was taking a $1.1 billion (1.2 billion Swiss franc) loss after insuring a client’s...

Banking

Hungary: No tax reform in 2009

There will be no tax reform in 2009, said Finance Minister János Veres....

Banking

Hungary: No tax reform in 2009

There will be no tax reform in 2009, said Finance Minister János Veres....

MNB

Magyar Telekom initiated withdrawal of credit ratings

Magyar Telekom, the leading Hungarian telecommunications service provider, announced that it has initiated the withdrawal of its credit ratings from...

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...