Finance

MNB

Gold may rise as investors seek alternative to dollar

Gold may rise, snapping a two-week slide, on speculation Russia and Middle Eastern crude-oil producers may shift reserves away from...

Debt

Hungary to sell Ft 85 bln of bonds at auction next week

Hungary plans to sell Ft 45 billion (€177.7 million) of bonds maturing in June 2012 and Ft 40 billion of...

MNB

Hungary to sell Ft 7,700 bln in bonds in 2007

Hungary plans to cut debt sales by 8.5% next year to finance government spending and pay off maturing debt, the...

MNB

Hungary’s Monetary base falls

Hungary’s monetary base fell Ft 68.9 billion in November to Ft 2,563.5 billion in line with the trend seen earlier...

Ratings

Moody’s downgrades financial strength of OTP Bank, mortgage unit

Ratings agency Moody's on Tuesday said it had downgraded the financial strength ratings (FSR) of Hungary's OTP Bank Nyrt and...

MNB

Romanian lei, world’s best performer, may rise in 2007 on EU

Romania's lei surpassed all European currencies to become the world's best performer this year and is poised for more gains...

MNB

Hungary’s Q3 GDP growth revised up to adjusted 3.9%

Hungary's economy increased a calendar-year-adjusted 3.9% in volume terms in the Q3 of 2006 from the same period a year...

Banking

Hungary says November budget deficit narrower than expected

Hungary, which has the European Union's widest budget deficit, said the shortfall in November was narrower than expected as fiscal...

Banking

Joint Venture Association urges business unions to back changes to tax system

The Joint Venture Association (JVSZ) issued a statement on Thursday urging all of Hungary's business associations to back changes to...

MNB

Hungary’s international reserves up €292 mln in November

Hungary's international reserves increased €292 million in November after a €146 million fall in October, preliminary figures released by the...

MNB

Household lending stock stops growing in October

Hungarian banks' retail lending stock stopped growing in October, the National Bank of Hungary (MNB) said on Wednesday....

Banking

Constitution Court gives go-ahead for banking tax

The Constitution Court ruled on Tuesday to uphold the government's planned introduction of a banking tax, rejecting banks' claims that...

MNB

CIB Group posts Ft 19.6 bln after-tax profit in Q1-Q3

The CIB Group recorded after-tax profit of Ft 19.6 billion (€75.83 million) during the first three quarters of 2006, an...

Banking

EU carbon tax would help climate, and create jobs

Taxing carbon dioxide emissions instead of labor would help the environment and create jobs, European Union Taxation Commissioner László Kovács...

Banking

EU seeks tax compromises on beer, liquor, downloads

The European Union is pushing to end an impasse on tax laws including beer and liquor levies, value-added tax on...

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...