Finance

Banking

FDI exceeds $40 bln in Russia in Jan-Sep

Foreign direct investment in Russia exceeded $40 billion in the first nine months of 2007, presidential aide Igor Shuvalov said...

MNB

Monetary inflation, the price of oil, and gold

When both the Fed and the Bank of England capitulated on their tough talk about not saving speculators from their...

MNB

Monetary inflation, the price of oil, and gold

When both the Fed and the Bank of England capitulated on their tough talk about not saving speculators from their...

MNB

New credit crunch looms

Fresh turmoil in the global debt markets has set off sharp falls in commodity prices and high-risk assets as investors...

MNB

New credit crunch looms

Fresh turmoil in the global debt markets has set off sharp falls in commodity prices and high-risk assets as investors...

MNB

Euro Zone Gov’t deficit drops to 1.5%, – Hungary’s highest in 2006

The government deficit in the Euro area decreased to 1.5% of GDP in 2006, the Eurostat said Monday....

MNB

Euro Zone Gov’t deficit drops to 1.5%, – Hungary’s highest in 2006

The government deficit in the Euro area decreased to 1.5% of GDP in 2006, the Eurostat said Monday....

MNB

Russia to join cancellation of Liberia’s $700 mln debt

Russia will join efforts to write off Liberia’s $700 million debt to the World Bank, the Russian finance minister said...

MNB

Russia to join cancellation of Liberia’s $700 mln debt

Russia will join efforts to write off Liberia’s $700 million debt to the World Bank, the Russian finance minister said...

Banking

Nuclear power “the only realistic way of staving off global warming”

Nuclear power offers the only realistic chance of saving the planet from global warming, a leading Irish physicist said yesterday....

Banking

Nuclear power “the only realistic way of staving off global warming”

Nuclear power offers the only realistic chance of saving the planet from global warming, a leading Irish physicist said yesterday....

MNB

Russia repays $343 mln US agriculture debt ahead of time

Russia has repaid the remaining $343.25 million of its agriculture debt to the US ahead of schedule, saving $46.7 million...

MNB

Russia repays $343 mln US agriculture debt ahead of time

Russia has repaid the remaining $343.25 million of its agriculture debt to the US ahead of schedule, saving $46.7 million...

Banking

Government no on abolishing inheritance tax

Ibolya Dávid, chairwoman of opposition party MDF, two weeks ago submitted a proposal to Parliament for the discontinuation of the...

Banking

Government no on abolishing inheritance tax

Ibolya Dávid, chairwoman of opposition party MDF, two weeks ago submitted a proposal to Parliament for the discontinuation of 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...