Finance

MNB

FGS scheme extended until March 2017

The Monetary Council (MC) of the National Bank of Hungary (MNB) has decided to extend the application deadline for SMEs...

MNB

Central bank keeps base rate on hold, narrows corridor

The Monetary Council (MC) of the National Bank of Hungary (MNB) left its base rate on hold at 0.90% at...

Banking

Gen gov’t runs HUF 57.3 bln surplus at end Oct

Hungaryʼs cashflow-based general government deficit, excluding local councils, ran a HUF 57.3 billion surplus at the end of October, the...

Banking

Hungarian government agrees to raise minimum wage

The Hungarian government is reported to have reached an agreement with employers and unions today on planned increases to minimum...

MNB

MNB allots HUF 150 bln at fourth EUR/HUF FX-swap tender

The National Bank of Hungary (MNB) said on Monday it had injected another HUF 150 billion liquidity into the Hungarian...

MNB

Hungary’s FX debt ratio falls under 25%

The ratio of foreign currency instruments in Hungaryʼs state debt fell under 25% in October, recent data released Monday by...

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...

Ratings

Fitch affirms Hungary rating at ‘BBB-’ with stable outlook

Fitch Ratings affirmed Hungaryʼs Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB-’ with a Stable Outlook late...

MNB

Bank lending to SMEs below undertakings, but stock still rising

Banks that undertook to increase their lending to SMEs by HUF 195 billion in the spring are estimated to have...

Banking

Hungary eyes 9% flat corporate tax

Corporate tax in Hungary will be lowered to a flat 9% as of next year, Hungary’s Prime Minister Viktor Orbán...

Debt

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

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

MNB

Hungary’s state debt reaches 74.2% of GDP in Q3

Hungaryʼs state debt stood at 74.2% of GDP at the end of Q3, down from 75.0% at the end of...

MNB

Raiffeisen books EUR 48 mln profit in Hungary in Q1-Q3

Austriaʼs Raiffeisen Bank International (RBI) booked a EUR 48 million profit at its Hungarian business in the first three quarters...

MNB

Masterplast Q3 profit falls as revenues drop, financial loss grows

Hungarian building materials maker Masterplastʼs third-quarter net income fell 32% year-on-year to EUR 972,000 on a decline in revenues and...

Debt

ÁKK sells HUF 13.35 bln of bonds at switch auction, below plan

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 13.35 bln of floating-rate bonds maturing in 2019 for ones expiring in...

MNB

FGS scheme extended until March 2017

The Monetary Council (MC) of the National Bank of Hungary (MNB) has decided to extend the application deadline for SMEs...

MNB

Central bank keeps base rate on hold, narrows corridor

The Monetary Council (MC) of the National Bank of Hungary (MNB) left its base rate on hold at 0.90% at...

Banking

Gen gov’t runs HUF 57.3 bln surplus at end Oct

Hungaryʼs cashflow-based general government deficit, excluding local councils, ran a HUF 57.3 billion surplus at the end of October, the...

Banking

Hungarian government agrees to raise minimum wage

The Hungarian government is reported to have reached an agreement with employers and unions today on planned increases to minimum...

MNB

MNB allots HUF 150 bln at fourth EUR/HUF FX-swap tender

The National Bank of Hungary (MNB) said on Monday it had injected another HUF 150 billion liquidity into the Hungarian...

MNB

Hungary’s FX debt ratio falls under 25%

The ratio of foreign currency instruments in Hungaryʼs state debt fell under 25% in October, recent data released Monday by...

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...

Ratings

Fitch affirms Hungary rating at ‘BBB-’ with stable outlook

Fitch Ratings affirmed Hungaryʼs Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB-’ with a Stable Outlook late...

MNB

Bank lending to SMEs below undertakings, but stock still rising

Banks that undertook to increase their lending to SMEs by HUF 195 billion in the spring are estimated to have...

Banking

Hungary eyes 9% flat corporate tax

Corporate tax in Hungary will be lowered to a flat 9% as of next year, Hungary’s Prime Minister Viktor Orbán...

Debt

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

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

MNB

Hungary’s state debt reaches 74.2% of GDP in Q3

Hungaryʼs state debt stood at 74.2% of GDP at the end of Q3, down from 75.0% at the end of...

MNB

Raiffeisen books EUR 48 mln profit in Hungary in Q1-Q3

Austriaʼs Raiffeisen Bank International (RBI) booked a EUR 48 million profit at its Hungarian business in the first three quarters...

MNB

Masterplast Q3 profit falls as revenues drop, financial loss grows

Hungarian building materials maker Masterplastʼs third-quarter net income fell 32% year-on-year to EUR 972,000 on a decline in revenues and...

Debt

ÁKK sells HUF 13.35 bln of bonds at switch auction, below plan

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 13.35 bln of floating-rate bonds maturing in 2019 for ones expiring in...

FGS scheme extended until March 2017

The Monetary Council (MC) of the National Bank of Hungary (MNB) has decided to extend the application deadline for SMEs...

Central bank keeps base rate on hold, narrows corridor

The Monetary Council (MC) of the National Bank of Hungary (MNB) left its base rate on hold at 0.90% at...

Gen gov’t runs HUF 57.3 bln surplus at end Oct

Hungaryʼs cashflow-based general government deficit, excluding local councils, ran a HUF 57.3 billion surplus at the end of October, the...

Hungarian government agrees to raise minimum wage

The Hungarian government is reported to have reached an agreement with employers and unions today on planned increases to minimum...

MNB allots HUF 150 bln at fourth EUR/HUF FX-swap tender

The National Bank of Hungary (MNB) said on Monday it had injected another HUF 150 billion liquidity into the Hungarian...

Hungary’s FX debt ratio falls under 25%

The ratio of foreign currency instruments in Hungaryʼs state debt fell under 25% in October, recent data released Monday by...

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...

Fitch affirms Hungary rating at ‘BBB-’ with stable outlook

Fitch Ratings affirmed Hungaryʼs Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB-’ with a Stable Outlook late...

Bank lending to SMEs below undertakings, but stock still rising

Banks that undertook to increase their lending to SMEs by HUF 195 billion in the spring are estimated to have...

Hungary eyes 9% flat corporate tax

Corporate tax in Hungary will be lowered to a flat 9% as of next year, Hungary’s Prime Minister Viktor Orbán...

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

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

Hungary’s state debt reaches 74.2% of GDP in Q3

Hungaryʼs state debt stood at 74.2% of GDP at the end of Q3, down from 75.0% at the end of...

Raiffeisen books EUR 48 mln profit in Hungary in Q1-Q3

Austriaʼs Raiffeisen Bank International (RBI) booked a EUR 48 million profit at its Hungarian business in the first three quarters...

Masterplast Q3 profit falls as revenues drop, financial loss grows

Hungarian building materials maker Masterplastʼs third-quarter net income fell 32% year-on-year to EUR 972,000 on a decline in revenues and...

ÁKK sells HUF 13.35 bln of bonds at switch auction, below plan

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 13.35 bln of floating-rate bonds maturing in 2019 for ones expiring in...