Finance

Debt

ÁKK sells Ft 40 bln of three-month T-bills on rising yields

The State Debt Management Center (ÁKK) sold Ft 40 billion of three-month T-bills at auction on Tuesday, the planned amount....

MNB

OJB stock of mortgage bonds decreases in Q1

MNB

Growth of monetary base rises to 113.7% in March

The monetary base (M0) rose by an annualized month-on-month rate of 13.7% in March, 1 percentage point more than in...

Banking

Corporate tax below EU average in Hungary

Corporate tax rates across Europe are being driven steadily down by a combination of competition amongst EU member states for...

Banking

Apeh discovers Ft 152 bln in unpaid taxes in audits in 2005

The National Tax Office (Apeh) discovered unpaid taxes of Ft 152 billion (€578 million) in audits carried out in 2005,...

MNB

Hungary reports to Brussels 6.1% budget deficit for 2005

Hungary will submit to Brussels on Friday a report on its economy in 2005, Finance Minister János Veres announced....

MNB

MKB to lend Ft 90 bln for Hungary’s roads

A group of banks led by MKB Bank Rt won a bid to lend the Hungarian state Ft 90 billion...

Debt

Yields sharply up at 6-month discount T-bill auction

Yields rose sharply at an auction of 6-month discount T-bills on Wednesday where the Government Debt Management Agency (ÁKK) sold...

Ratings

Hungary to price ₤500 mln bond issue 65-70bp over gilts

Hungary has set guidance for its forthcoming ₤500 million 10-year bond at 65 to 70 basis points over gilts, one...

MNB

Mol sells treasury stocks to Magnolia

In line with earlier announcements, Hungarian oil and gas company Mol Rt sold 6.7 million treasury stocks to Channel Islands-based...

Debt

OJB to offer mortgage bonds to retail investors

OTP Bank Rt's mortgage bank OTP Jelzálogbank Rt (OJB) will offer a one-year mortgage backed bond and a ten-year mortgage...

Banking

Tax on interest earnings enjoys little support

Plans to introduce a tax on interest earnings from 2007 could be scrapped as a result of campaign promises in...

MNB

Axiál reaps high growth

Agricultural machine parts distributor and service company Axiál Kft increased its turnover by 37% last year, from Ft 20.2 billion...

Ratings

Hungarian banking system sound, S&P says

The Hungarian banking system is one of the most sound and developed within Central and Eastern Europe, benefiting from the...

Banking

Hungary could meet Maastricht criteria by 2008, FinMin says

By boosting GDP growth and cutting central expenditures, Hungary will be able to reduce its public sector deficit by Ft...

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...