Finance

MNB

Finance Ministry forecasts Ft 142.7 bln fiscal deficit for September

The Finance Ministry projects Hungary's general government to post a cash flow-based general government deficit, excluding local councils, of Ft...

Banking

New legislation broadens Customs Office scope to include tax fraud

Legislation in force from Friday increases the scope of Hungary's Customs and Excise Office (VPOP) to investigate economy-related offenses, Finance...

Debt

ÁKK buys back bonds worth Ft 14.1 bln at reverse auction

The State Debt Management Center (ÁKK) accepted just Ft 14.1 billion of offers worth Ft 93 billion by primary dealers...

Debt

OTP Bank prices €300 mln 10-year bond at par

OTP Bank Nyrt will issue a 10-year €300 million bond at par and the reoffer price is also the same...

MNB

OJB to launch Ft 300 bln mortgage bond program

OTP Mortgage Bank Zrt (OJB) announced on Tuesday it will launch a Ft 300 billion mortgage-backed bond program....

MNB

K&H Bank H1 profits fall on rise in risk reserves

K&H Bank Nyrt had IFRS after-tax profit of Ft 7.1 billion in the first half of 2006, 13% less than...

Banking

Tax office finds Ft 203 bln unpaid taxes in January-August audit

Hungary's National Tax Office (Apeh) completed 178,248 audits in January-August and found that taxpayers had failed to pay Ft 203...

MNB

Hungary’s international reserves drop €71 mln in August

Hungary's international reserves decreased €71 million in August, after an €328 million fall in July, preliminary figures released by the...

MNB

Erste Hungary signs €20 mln credit agreement with KfW

Erste Bank Hungary Zrt signed on Thursday a framework contract with Kreditanstalt fur Wiederaufbau (KfW) to provide €20 million in...

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...