Finance

MNB

Seasonally adjusted ESA deficit drops to preliminary 7.7% of GDP in Q3

The seasonally adjusted net financing requirement of the Hungarian general government was 7.7% of the quarter's estimated GDP in the...

Banking

Gov’t expands Start program

The government approved plans to expand the so-called Start program to assist various disadvantaged groups of society in finding employment,...

MNB

Romania’s BCR gets €50 mln loan for EU-related projects

Banca Comerciala Romana SA, Romania's biggest bank, is getting a €50 million ($65 million) loan from the European Investment Bank...

MNB

Barclays recommends Hungarian bonds on budget – extended

Hungarian bonds will probably extend gains, bolstered by investor confidence in the government's measures to cut the European Union's largest...

Ratings

Moody’s upgrades financial strength rating of Erste Bank Hungary

The international credit rating agency Moody's Investors Service said it upgraded the bank financial strength rating (FSR) of Erste Bank...

MNB

ELLA Bank sells Ft 2.2 bln of mortgage-backed bonds at auction

Hungarian home savings bank ELLA Zrt sold mortgage-backed bonds worth Ft 2.2 billion at an auction on Monday after receiving...

MNB

Forint rises to eight-month high on demand for Hungarian bonds

Hungary's forint advanced to its highest in more than eight months as investors bought forint- denominated debt, the highest-yielding in...

Banking

World Bank argues for simpler taxation

A simplified tax system can be the key to success for governments to increase tax revenues by easing the burden...

MNB

State to inject Ft 111.6 bln in MÁV

The state will raise capital in Hungarian railway company MÁV by Ft 111.6 bln, the Ministry of Economic Affairs and...

MNB

Forint set for weekly gain as foreigners buy Hungarian bonds

Hungary's forint is set for a weekly gain as investors buy the currency to purchase Hungarian government bonds, the highest...

Banking

PM on Hungarian-Romanian business opportunities

The governments of Hungary and Romania must eliminate all obstacles to effective business cooperation, PM Ferenc Gyurcsány said at a...

MNB

HVBJ to start Ft 50 bln mortgage bond program

Mortgage bank HVB Jelzálogbank Zrt (HVBJ) will launch a Ft 50 billion mortgage bond program at the end of November,...

Ratings

Moody’s officials on visit in Hungary

Officials of ratings agency Moody's are on a visit in Hungary, Finance Ministry spokesman Ferenc Pichler told on Thursday, adding...

MNB

Hungary plans Ft 444 bln net debt issues

Hungary plans to sell government bonds and treasury bills worth Ft 444 billion in net terms in the December-February period....

Banking

New law to cut gift duties

The planned amendment of the duty law lowers the gifts tax on assets handed over free between companies that are...

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...