Finance

MNB

Gold loses allure as stocks rally; Yamada is unfazed

Gold lost its luster in December, confounding analysts and investors who predicted the metal would lead the commodities markets in...

Ratings

City analysts offer mixed picture for Hungary in 2007

Emerging market analysts polled by MTI's London correspondent offered a mixed picture for Hungary's economy in 2007, although pessimists were...

MNB

General government net financing requirement drops to 7.8% of GDP in Q3 2006

The seasonally adjusted net financing requirement of the Hungarian general government was 7.8% of the quarter's estimated GDP in the...

MNB

Steinmetz’s Scorpio raises 500 Mln Shekels from investors

Scorpio Real Estate Ltd., an Israeli company controlled by diamond entrepreneur Benny Steinmetz, raised 500 million shekels ($119 million) in...

MNB

Hungary to up subscribed capital of national railway co by Ft 112 bln

Hungary will raise the subscribed capital of loss-making state-run railway company MÁV by Ft 111.6 billion (€444.27 million) in 2007....

Ratings

Ukraine will probably resume borrowing in Q2

Ukraine's government will resume foreign and domestic bond sales in the Q2 of next year as the fiscal deficit widens,...

MNB

Hungarian quarterly current-account deficit narrows on services

Hungary's current-account deficit narrowed in the Q3 from the previous three-month period as the deficit on services and income shrank....

MNB

Gold prices rise on demand for alternative to slumping dollar

Gold prices in New York climbed to the highest in three weeks as a decline in the value of the...

MNB

Fiat to book €450 mln gain from Credit Agricole Venture

Fiat SpA, Italy's largest manufacturer, will book a gain of €450 million ($595.2 million) from the sale of a stake...

MNB

Gold takeovers reach record as companies fail to find new mines

Gold-company acquisitions this year surged to the highest level in at least a decade, and the industry may continue its...

Ratings

Moody’s cuts Hungary’s ratings to A2 from A1

Moody's Investors Service has downgraded the credit ratings for the Republic of Hungary's local and foreign currency government bonds and...

Ratings

Hungary’s rating outlook raised to stable By Standard & Poor’s – extended

Standard and Poor's Ratings Services announced on Thursday that it revised its outlook on the sovereign credit ratings on the...

MNB

Gold prices decline after euro’s rally against dollar stalls

Gold prices fell in New York, erasing an earlier gain, on speculation the value of the dollar will hold steady...

MNB

Finance Ministry leaves 2007 deficit unchanged

The Finance Ministry will not change its accrual-based general deficit target for 2007, in spite of expecting to close 2006...

Banking

Irish workers pay least tax as portion of salary

Irish workers pay the lowest income tax as a percentage of their total income among European Union countries, according to...

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...

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...

Net-zero Transition Becoming a Core Banking Issue

Banks have a central role to play in financing Hungary’s transition to a lower-carbon economy, not by withdrawing from carbon-intensive...