Finance

MNB

Crompton Greaves signs Transelektro deal

India's Crompton Greaves on Saturday signed a contract to purchase stakes in Ganz Transelektro Villamossági Rt (GTV), which exercises ownership...

Banking

Revenue from simplified business tax continues to rise

Small companies and self-employed individuals who have opted to pay the Simplified Business Tax (EVA), rather than the regular corporate...

MNB

Ecostat projects 3.8%-3.9% GDP growth this year

Economic research firm Ecostat projects 3.8%-3.9% GDP growth in 2006 and an average consumer price index of 3.5%, according to...

MNB

ESA deficit drops to 8.2% of GDP in Q2

The net financing requirement of the Hungarian general government, equivalent to the ESA95 general government deficit, was 8.2% of the...

MNB

MFB H1 profits fall 32.8%

The Hungarian Development Bank Rt (MFB) had after-tax profit of Ft 3.13 billion in the first half of 2006, 32.8%...

MNB

Erste Bank H1 net profits hardly changed at Ft 7.89 bln

Erste Bank Hungary Nyrt had after-tax profit of Ft 7.89 billion in the first half of 2006, 0.3% more than...

MNB

Raiffeisen to lend Ft 3.5 bln to MÁV

Raiffeisen Bank Zrt won a tender to provide state-owned Hungarian railway MÁV Zrt overdraft loans worth a combined Ft 3.5...

MNB

Bourse spot market turnover falls 17.4% in June

Double-counted turnover on the spot market of the Budapest Stock Exchange (BÉT) was Ft 1,061 billion in July, 17.4% less...

MNB

ELLA Bank pre-tax profits jump to Ft 383 mln in H1

ELLA Bank Rt had unaudited pre-tax profits of Ft 383 million in the first half of 2006, sharply up from...

MNB

Assets in funds managed by BAMOSZ members up 11% in H1

Members of the Hungarian Association of Fund and Asset Managers (BAMOSZ) managed assets in funds of Ft 2,084 billion at...

MNB

Margin between corporate deposit, lending rates widens in June

The interest margin between short-term forint corporate deposit and lending rates increased from 1.91 to 2.29 percentage points in June,...

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...