Finance

MNB

Deutsche Bank review: Government investment funds growing

Government investment funds around the world have twice the assets of the hedge fund industry and may grow from $3.2...

Banking

Hungary orders action plan to fight black economy

Hungary’s government has instructed the tax and customs authorities and related departments to prepare an action plan on combating the...

MNB

Polyus Gold becomes world’s No.4 for gold reserves

Polyus Gold, Russia’s leading gold producer, said Tuesday it has become the world’s fourth largest, with 2,100 metric tons of...

MNB

Gold sparkles as US dollar weakens

US gold futures topped $710 an ounce Monday amid a softening US dollar and analyst fears of a further currency...

MNB

Investors rush to gold

Prices for the metal - and mining stocks - are moving higher as investors look for protection from financial crises,...

MNB

Hungary: Student Loan Company signs deal with EIB

Student Loan Company Zrt contracted European Investment Bank (EIB) for a €150 million ($204.5 million) credit line to optimize its...

Banking

No real estate tax before 2010 in Hungary

The Hungarian government will not introduce a real estate tax in January 2008, but talks between the governing coalition parties...

Banking

Hungarian Bourse president lobbies against deserted floor

While analyzing the achievements of the stabilization program, the government should keep an eye on the Hungarian capital market, and...

MNB

ECB pulls out $89 bln

The European Central Bank withdrew €65 billion ($88.7 billion) from the eurozone money market yesterday in its weekly refinancing operation...

Banking

Albanian government introduces flat tax

The government of Albania has agreed on a standard tax rate (or flat tax) of 10% aimed at outdoing its...

MNB

World Bank mimics Wall Street as it looks for a new role

The World Bank president, Robert Zoellick, is bringing a touch of Goldman Sachs to rescue the poverty-fighting agency’s slumping business...

MNB

ECB injects three-month funds outside regular schedule

The European Central Bank (ECB) injected three-month funds worth €40 billion ($54.2 billion) into Europe’s banking system Thursday to ease...

MNB

Paulson: Markets will respond to economy

US Treasury Secretary Henry Paulson said Tuesday wavering financial markets will respond to the underlying strength of the US and...

MNB

ECB under pressure to pull back from rate hike plans – analysis

The European Central Bank is facing pressure to pull back from its plans for a September hike in borrowing costs...

MNB

Polish central bank sees no threats to Polish economy

Poland’s economic fundamentals are stable and positively viewed by investors, Polish central bank ( NBP) head Slawomir Skrzypek said in...

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...