Finance

Banking

Everybody says tax level is too high

The government submitted yesterday its proposals to extend the tax base and include groups previously omitted....

Banking

Hungary to crack down on tax dodging firms to replace lost revenue

Hungary will crack down on tax-dodging companies in order to replace revenues lost after a new tax was ruled illegal,...

MNB

Poland leaves key lending rates untouched

The National Bank of Poland (NBP) left key lending rates untouched Wednesday, in line with market expectations....

Banking

No expected tax, but tougher tax revisions, says Kóka

Government does not plan either to levy the expected minimum tax or to replace it with any other type of...

Banking

Yukos’ $22 bln auction due to start

The $22 billion (£11 billion) auction of the assets of the bankrupt oil firm OAO Yukos is due to begin...

Banking

Liberals oppose expected tax

SzDSz refused to back „expected tax” in its amended form, which provides a means of appeal to businesses, the lack...

Banking

Veres: government committed to broadening tax base

Hungary’s government is committed to using every means allowed under the constitution to broaden the country’s tax base, Finance Minister...

Ratings

Eastern Europe may face rating downgrades in 2007, Danske says

Romania, Bulgaria and Slovakia, may face ratings or outlook downgrades, only the Czech Republic and Hungary may expect positive actions...

MNB

Gazprombank to sell three-year floating-rate bonds

ZAO Gazprombank, the banking unit of the world's largest natural gas producer, is selling three-year bonds in dollars at a...

Banking

Brown slashes UK company tax rate

Britain slashed its company tax rate in a surprise move on Wednesday that its finance minister said gave it the...

MNB

Romania to boost planned domestic debt sales by 50% in 2007 – extended

Romania will increase its planned sales of domestic debt this year by 50% as it seeks to raise the proportion...

Banking

Hungary cuts annual budget deficit forecast on higher revenue – extended

Hungary's government, working to reduce its budget deficit after reporting the European Union's widest shortfall last year, today lowered its...

MNB

UK may sell near record amount of bonds for budget

The UK may need to sell near a record amount of bonds in the fiscal year starting April to fund...

Banking

EU should use tax policy to improve environment, Kovács says

The European Union should use taxes to discourage pollution as part of the region's fight against global warming, Taxation Commissioner...

Banking

France cuts taxes for small businesses to shrink unemployment

Berenice Sylvain runs a one-woman catering business in Paris thanks to France’s drive to encourage entrepreneurship....

Banking

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...

Banking

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

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

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...

Banking

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...

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...

MNB

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...

Banking

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...

Banking

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...

Trade

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...

Ratings

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...

MNB

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

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...