Finance

Ratings

City of Budapest gets Moody’s rating upgrade

Moodyʼs Public Sector Europe (MPSE) has upgraded the issuer rating of the City of Budapest, Hungary’s capital, from Ba1 to...

MNB

MNB international reserves rise EUR 1.339 bln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 24.999 bln at the end of October, up...

Ratings

Moody’s elevates Hungary from junk to investment grade

Hungary’s long-term issuer and senior unsecured government bond ratings have been upgraded by one notch to Baa3 from Ba1 by...

Ratings

Moody’s decision on Hungary anticipated eagerly

This eveningʼs rating decision by credit rating agency Moody’s is being closely watched in Hungary, and by investors with an...

Banking

EC finds Hungary’s ad tax breaches EU rules

The European Commission has found that the progressive nature of Hungary’s advertisement tax rates grant a selective advantage to certain...

MNB

Provisions release lifts Erste Bank Hungaryʼs profit to EUR 110 mln

Austriaʼs Erste Group booked net income of EUR 109.6 million at its business in Hungary in Q1-Q3, improving from a...

MNB

Lower development write-offs lift Graphisoft Park profits

Graphisoft Park, a listed company that owns and operates a business park in the north of the capital, had after-tax...

Banking

Gov’t to consult broadly before cutting payroll taxes

The Hungarian government is planning to consult with a broader range of partners than previously planned ahead of cutting payroll...

Debt

ÁKK sells HUF 20 bln of 12-month bills, as planned

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount 12-month T-bills at auction today, in line with...

Ratings

Fitch downgrades Hungarian CIB Bank, Slovenian Banka Koper

The outlook of Hungary’s CIB Bank, as well as of Slovenia’s Banka Koper, has been downgraded to negative by ratings...

Ratings

Moody’s upgrades FHB after SZHISZ members boost stake

Moody’s Investors Service has upgraded the long-term local and foreign-currency deposit ratings of FHB Mortgage Bank from Caa1 to B3...

Debt

ÁKK sells HUF 50 bln of bonds at switch auction, as planned

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 50 bln of bonds maturing in 2022 and 2024 for...

Debt

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

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

Banking

Varga submits bill to reduce ‘tax bureaucracy’

Aiming to reduce "tax bureaucracy" in Hungary, a bill was submitted to Parliament last Friday by Minister for National Economy...

Debt

ÁKK sells HUF 50 bln of bonds at auction, over plan

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 50 bln of bonds at auction today, raising its original...

Ratings

City of Budapest gets Moody’s rating upgrade

Moodyʼs Public Sector Europe (MPSE) has upgraded the issuer rating of the City of Budapest, Hungary’s capital, from Ba1 to...

MNB

MNB international reserves rise EUR 1.339 bln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 24.999 bln at the end of October, up...

Ratings

Moody’s elevates Hungary from junk to investment grade

Hungary’s long-term issuer and senior unsecured government bond ratings have been upgraded by one notch to Baa3 from Ba1 by...

Ratings

Moody’s decision on Hungary anticipated eagerly

This eveningʼs rating decision by credit rating agency Moody’s is being closely watched in Hungary, and by investors with an...

Banking

EC finds Hungary’s ad tax breaches EU rules

The European Commission has found that the progressive nature of Hungary’s advertisement tax rates grant a selective advantage to certain...

MNB

Provisions release lifts Erste Bank Hungaryʼs profit to EUR 110 mln

Austriaʼs Erste Group booked net income of EUR 109.6 million at its business in Hungary in Q1-Q3, improving from a...

MNB

Lower development write-offs lift Graphisoft Park profits

Graphisoft Park, a listed company that owns and operates a business park in the north of the capital, had after-tax...

Banking

Gov’t to consult broadly before cutting payroll taxes

The Hungarian government is planning to consult with a broader range of partners than previously planned ahead of cutting payroll...

Debt

ÁKK sells HUF 20 bln of 12-month bills, as planned

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount 12-month T-bills at auction today, in line with...

Ratings

Fitch downgrades Hungarian CIB Bank, Slovenian Banka Koper

The outlook of Hungary’s CIB Bank, as well as of Slovenia’s Banka Koper, has been downgraded to negative by ratings...

Ratings

Moody’s upgrades FHB after SZHISZ members boost stake

Moody’s Investors Service has upgraded the long-term local and foreign-currency deposit ratings of FHB Mortgage Bank from Caa1 to B3...

Debt

ÁKK sells HUF 50 bln of bonds at switch auction, as planned

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 50 bln of bonds maturing in 2022 and 2024 for...

Debt

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

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

Banking

Varga submits bill to reduce ‘tax bureaucracy’

Aiming to reduce "tax bureaucracy" in Hungary, a bill was submitted to Parliament last Friday by Minister for National Economy...

Debt

ÁKK sells HUF 50 bln of bonds at auction, over plan

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 50 bln of bonds at auction today, raising its original...

City of Budapest gets Moody’s rating upgrade

Moodyʼs Public Sector Europe (MPSE) has upgraded the issuer rating of the City of Budapest, Hungary’s capital, from Ba1 to...

MNB international reserves rise EUR 1.339 bln in October

International reserves of the National Bank of Hungary (MNB) stood at EUR 24.999 bln at the end of October, up...

Moody’s elevates Hungary from junk to investment grade

Hungary’s long-term issuer and senior unsecured government bond ratings have been upgraded by one notch to Baa3 from Ba1 by...

Moody’s decision on Hungary anticipated eagerly

This eveningʼs rating decision by credit rating agency Moody’s is being closely watched in Hungary, and by investors with an...

EC finds Hungary’s ad tax breaches EU rules

The European Commission has found that the progressive nature of Hungary’s advertisement tax rates grant a selective advantage to certain...

Provisions release lifts Erste Bank Hungaryʼs profit to EUR 110 mln

Austriaʼs Erste Group booked net income of EUR 109.6 million at its business in Hungary in Q1-Q3, improving from a...

Lower development write-offs lift Graphisoft Park profits

Graphisoft Park, a listed company that owns and operates a business park in the north of the capital, had after-tax...

Gov’t to consult broadly before cutting payroll taxes

The Hungarian government is planning to consult with a broader range of partners than previously planned ahead of cutting payroll...

ÁKK sells HUF 20 bln of 12-month bills, as planned

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount 12-month T-bills at auction today, in line with...

Fitch downgrades Hungarian CIB Bank, Slovenian Banka Koper

The outlook of Hungary’s CIB Bank, as well as of Slovenia’s Banka Koper, has been downgraded to negative by ratings...

Moody’s upgrades FHB after SZHISZ members boost stake

Moody’s Investors Service has upgraded the long-term local and foreign-currency deposit ratings of FHB Mortgage Bank from Caa1 to B3...

ÁKK sells HUF 50 bln of bonds at switch auction, as planned

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 50 bln of bonds maturing in 2022 and 2024 for...

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

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

Varga submits bill to reduce ‘tax bureaucracy’

Aiming to reduce "tax bureaucracy" in Hungary, a bill was submitted to Parliament last Friday by Minister for National Economy...

ÁKK sells HUF 50 bln of bonds at auction, over plan

Hungary’s Government Debt Management Agency (ÁKK) sold a combined HUF 50 bln of bonds at auction today, raising its original...