Finance

Banking

New billboard tax could hurt ad businesses

The Hungarian Advertising Association (MRSZ) believes a recently submitted bill on raising taxes on billboard advertising could significantly raise costs...

MNB

Businesses use HUF 356 bln of phase III FGS credit

So far this year, some 9,666 Hungarian microbusinesses and SMEs have tapped a total of HUF 356 billion in cheap...

MNB

MNB int’l reserves rise EUR 149 mln in November

International reserves of the National Bank of Hungary (MNB)  stood at EUR 25.15 billion at the end of November 2016,...

Debt

ÁKK sells planned HUF 20 bln of three-month bills, yield drops

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount three-month T-bills at an auction today, in line...

Banking

Gov’t submits bill that would set 9% flat corporate tax

Minister for National Economy Mihály Varga submitted a bill to Parliament on Monday that would establish a 9% flat-rate corporate...

Ratings

Fitch: Hungaryʼs stable banking outlook based on supportive environment

The stable outlook for Hungaryʼs banking sector reflects expectations that the supportive operating environment and reduced regulatory pressures on Hungarian...

Debt

ÁKK sells announced HUF 20 bln of 12-month bills, yield drops

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount twelve-month T-bills at auction today, in line with...

MNB

Short-term loans, SMEs drive business lending in Q3, MNB says

Lending of domestic banks to non-financial companies rose 1.8% year-on-year in Q3, with most of the rise coming from short-term...

MNB

Drop in banksʼ retail loans slows, new contracts up, says MNB

The contraction of the household loan portfolio of Hungary-based credit institutions slowed to 2.5% year-on-year by the end of September,...

MNB

CIB sees growth accelerating to 2.7% in 2017

CIB Bank analysts project Hungaryʼs GDP growth will accelerate to 2.7% next year from 2.1% in 2016, but still remain...

Debt

ÁKK sells HUF 20 bln of three-month bills, as planned

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount three-month T-bills at auction today, in line with...

Debt

Demand high, bond auction sales exceed plan

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 60.5 bln of bonds at auction today, raising its original...

Banking

Gov’t inks mid-term minimum wage deal

Representatives of the government, employers and employees today signed an agreement on pairing marked increases in the minimum wage with...

Banking

With rising productivity, Hungary can reach 3-5% GDP growth, says Varga

In order for Hungarian living standards to catch up with those of Europe as a whole, annual economic growth needs...

Debt

ÁKK buys back HUF 27.91 bln of bonds early at reverse auction

Hungary’s Government Debt Management Agency (ÁKK) bought a combined HUF 27.91 bln of bonds expiring in 2018 before maturity at...

Banking

New billboard tax could hurt ad businesses

The Hungarian Advertising Association (MRSZ) believes a recently submitted bill on raising taxes on billboard advertising could significantly raise costs...

MNB

Businesses use HUF 356 bln of phase III FGS credit

So far this year, some 9,666 Hungarian microbusinesses and SMEs have tapped a total of HUF 356 billion in cheap...

MNB

MNB int’l reserves rise EUR 149 mln in November

International reserves of the National Bank of Hungary (MNB)  stood at EUR 25.15 billion at the end of November 2016,...

Debt

ÁKK sells planned HUF 20 bln of three-month bills, yield drops

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount three-month T-bills at an auction today, in line...

Banking

Gov’t submits bill that would set 9% flat corporate tax

Minister for National Economy Mihály Varga submitted a bill to Parliament on Monday that would establish a 9% flat-rate corporate...

Ratings

Fitch: Hungaryʼs stable banking outlook based on supportive environment

The stable outlook for Hungaryʼs banking sector reflects expectations that the supportive operating environment and reduced regulatory pressures on Hungarian...

Debt

ÁKK sells announced HUF 20 bln of 12-month bills, yield drops

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount twelve-month T-bills at auction today, in line with...

MNB

Short-term loans, SMEs drive business lending in Q3, MNB says

Lending of domestic banks to non-financial companies rose 1.8% year-on-year in Q3, with most of the rise coming from short-term...

MNB

Drop in banksʼ retail loans slows, new contracts up, says MNB

The contraction of the household loan portfolio of Hungary-based credit institutions slowed to 2.5% year-on-year by the end of September,...

MNB

CIB sees growth accelerating to 2.7% in 2017

CIB Bank analysts project Hungaryʼs GDP growth will accelerate to 2.7% next year from 2.1% in 2016, but still remain...

Debt

ÁKK sells HUF 20 bln of three-month bills, as planned

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount three-month T-bills at auction today, in line with...

Debt

Demand high, bond auction sales exceed plan

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 60.5 bln of bonds at auction today, raising its original...

Banking

Gov’t inks mid-term minimum wage deal

Representatives of the government, employers and employees today signed an agreement on pairing marked increases in the minimum wage with...

Banking

With rising productivity, Hungary can reach 3-5% GDP growth, says Varga

In order for Hungarian living standards to catch up with those of Europe as a whole, annual economic growth needs...

Debt

ÁKK buys back HUF 27.91 bln of bonds early at reverse auction

Hungary’s Government Debt Management Agency (ÁKK) bought a combined HUF 27.91 bln of bonds expiring in 2018 before maturity at...

New billboard tax could hurt ad businesses

The Hungarian Advertising Association (MRSZ) believes a recently submitted bill on raising taxes on billboard advertising could significantly raise costs...

Businesses use HUF 356 bln of phase III FGS credit

So far this year, some 9,666 Hungarian microbusinesses and SMEs have tapped a total of HUF 356 billion in cheap...

MNB int’l reserves rise EUR 149 mln in November

International reserves of the National Bank of Hungary (MNB)  stood at EUR 25.15 billion at the end of November 2016,...

ÁKK sells planned HUF 20 bln of three-month bills, yield drops

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount three-month T-bills at an auction today, in line...

Gov’t submits bill that would set 9% flat corporate tax

Minister for National Economy Mihály Varga submitted a bill to Parliament on Monday that would establish a 9% flat-rate corporate...

Fitch: Hungaryʼs stable banking outlook based on supportive environment

The stable outlook for Hungaryʼs banking sector reflects expectations that the supportive operating environment and reduced regulatory pressures on Hungarian...

ÁKK sells announced HUF 20 bln of 12-month bills, yield drops

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount twelve-month T-bills at auction today, in line with...

Short-term loans, SMEs drive business lending in Q3, MNB says

Lending of domestic banks to non-financial companies rose 1.8% year-on-year in Q3, with most of the rise coming from short-term...

Drop in banksʼ retail loans slows, new contracts up, says MNB

The contraction of the household loan portfolio of Hungary-based credit institutions slowed to 2.5% year-on-year by the end of September,...

CIB sees growth accelerating to 2.7% in 2017

CIB Bank analysts project Hungaryʼs GDP growth will accelerate to 2.7% next year from 2.1% in 2016, but still remain...

ÁKK sells HUF 20 bln of three-month bills, as planned

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount three-month T-bills at auction today, in line with...

Demand high, bond auction sales exceed plan

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 60.5 bln of bonds at auction today, raising its original...

Gov’t inks mid-term minimum wage deal

Representatives of the government, employers and employees today signed an agreement on pairing marked increases in the minimum wage with...

With rising productivity, Hungary can reach 3-5% GDP growth, says Varga

In order for Hungarian living standards to catch up with those of Europe as a whole, annual economic growth needs...

ÁKK buys back HUF 27.91 bln of bonds early at reverse auction

Hungary’s Government Debt Management Agency (ÁKK) bought a combined HUF 27.91 bln of bonds expiring in 2018 before maturity at...