Finance

MNB

Hungary’s GDP up preliminary 3.6% yr/yr in Q3

Hungary's economy expanded 3.6% year on year in volume terms in the 3Q of 2006, according to unadjusted figures, the...

Banking

Hungary sees 2007 budget unaffected by court’s ruling on tax

Hungary's government said the country's 2007 budget revenue won't be affected by a court decision that ruled a new tax...

Banking

Hungarian economic growth probably slowed in the Q3

Hungary's economy probably lost momentum in the Q3 as government measures to curb a budget deficit shackled corporate investment and...

MNB

Lending risks could increase in long term

Although the lending portfolios of Hungarian banks have maintained their level of quality in recent years, lending risks could increase...

MNB

Lombard Lízing gets €10 mln credit line from KfW

German state-owned development bank Kreditanstalt fur Wiederaufbau (KfW) is to provide a €10 million, EU-supported credit line to Hungarian leasing...

Banking

Constitution Court annuls tax on stock of cash

Hungary's Constitution Court has declared unconstitutional a new tax on companies' stock of cash, the court announced on Monday....

Banking

Audi to continue investment program in Hungary

Audi is expected to continue its investment programme in Hungary, state secretary Ábel Garamhegyi said on Friday, following talks between...

Debt

AKK raises offer for bonds on big oversubscription

The State Debt Management Centre (AKK) raised its offers for both three- and 15-year bonds at an auction yesterday on...

Banking

Difficulties with Apeh’s electronic tax returns

Electronic filing system of tax returns is still not working perfectly. According to the original schedule, another one million enterprises...

Banking

Hungary edges closer to euro adoption, Finance Minister says

Hungary, one of five east European countries this year to put off euro-adoption targets, is moving closer to switching to...

Banking

Hungary makes R&D deductible for new tax

Hungary's government decided to allow businesses to deduct research and development expenses when calculating a new 4% „solidarity tax,” lowering...

Banking

Audi, Hungary reach tax deal

Germany's premium car maker Audi and the Hungarian government have reached an agreement on a tax allowance and Audi is...

Banking

Germans, Czechs veto EU tax increase on beer, liquor

Germany and the Czech Republic vetoed a proposed increase in European taxes on beer, liquor and fortified wine, branding the...

Debt

ÁKK raises six-week T-bill offer on strong demand

The State Debt Management Center (ÁKK) sold Ft 40 billion of six-week T-bills at auction on Monday, raising the original...

MNB

Hungarian bonds gain most in Europe as budget cuts cause riots

Hungarian bonds posted the biggest gains in Europe since Prime Minister Ferenc Gyurcsány announced plans to cut the budget deficit...

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...