Finance

Debt

ÁKK sells HUF 56 bln of bonds at auction, HUF 11 bln over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 56 billion of bonds at auction today, raising its original...

Debt

ÁKK buys HUF 24.9 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought HUF 24.9 bln of 2017/A bonds before maturity at a reverse auction today,...

MNB

MNB to raise FGS cap by HUF 100 bln

The Monetary Council of the National Bank of Hungary (MNB) yesterday decided to raise the limit of the ongoing third...

Banking

Parliament approves new taxation system for 2017

The Hungarian Parliament ratified a package of new taxes today which will lower the VAT rate on milk, eggs and...

Banking

General government deficit reaches HUF 13.2 bln in May, 2% of full-year target

Hungaryʼs cashflow-based government deficit, excluding local councils, reached HUF 13.2 billion at the end of May, a first reading of...

Debt

ÁKK sells planned HUF 40 bln three-month bills, yields slightly up

Hungary’s Government Debt Management Centre (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction today, in line with...

Banking

MNB: Government plans considerable easing in 2017 budget bill

The 2.4% ESA deficit targeted by the government in the 2017 budget bill amounts to considerable easing compared to the...

Banking

Ministry: Brussels ‘practically destroyed’ Hungary’s voucher system

After submitting a bill to Parliament yesterday that would convert a portion of the national voucher system into cash, the...

Debt

ÁKK cuts offer at twelve-month T-bill auction

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 24.0 bln of discount twelve-month T- bills at auction today, cutting its...

Banking

Baker & McKenzie receives Hungarian Tax Firm of the Year award

Baker & McKenzie was named 2016 European Tax Firm of the Year and 2016 Hungary Tax Firm of the Year...

Debt

ÁKK exchanges HUF 18 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 18 bln of floating-rate bonds maturing in 2019 for floating-rate ones that...

Ratings

Fitch Ratings upgrades Hungarian banks

Fitch Ratings today upgraded the credit ratings of Hungarian banks in connection with the recently announced upgrade of the countryʼs...

Debt

Demand large at three-month bill auction, sale over plan

Hungaryʼs Government Debt Management Center (ÁKK) sold HUF 50 billion of discount three-month T-bills at an auction today, HUF 10...

MNB

MNB: Transactions reduce credit institutionsʼ household loans by HUF 71 bln in Q1

In 2016 Q1 credit institutionsʼ outstanding household loans decreased by HUF 71 billion as a result of transactions, while write-offs...

MNB

MNB: Lending to SMEs grows, but total corporate lending declines in Q1

Credit institutionsʼ lending to small and medium-sized enterprises increased by 3.4% annually in the first quarter of the year, but...

Debt

ÁKK sells HUF 56 bln of bonds at auction, HUF 11 bln over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 56 billion of bonds at auction today, raising its original...

Debt

ÁKK buys HUF 24.9 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought HUF 24.9 bln of 2017/A bonds before maturity at a reverse auction today,...

MNB

MNB to raise FGS cap by HUF 100 bln

The Monetary Council of the National Bank of Hungary (MNB) yesterday decided to raise the limit of the ongoing third...

Banking

Parliament approves new taxation system for 2017

The Hungarian Parliament ratified a package of new taxes today which will lower the VAT rate on milk, eggs and...

Banking

General government deficit reaches HUF 13.2 bln in May, 2% of full-year target

Hungaryʼs cashflow-based government deficit, excluding local councils, reached HUF 13.2 billion at the end of May, a first reading of...

Debt

ÁKK sells planned HUF 40 bln three-month bills, yields slightly up

Hungary’s Government Debt Management Centre (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction today, in line with...

Banking

MNB: Government plans considerable easing in 2017 budget bill

The 2.4% ESA deficit targeted by the government in the 2017 budget bill amounts to considerable easing compared to the...

Banking

Ministry: Brussels ‘practically destroyed’ Hungary’s voucher system

After submitting a bill to Parliament yesterday that would convert a portion of the national voucher system into cash, the...

Debt

ÁKK cuts offer at twelve-month T-bill auction

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 24.0 bln of discount twelve-month T- bills at auction today, cutting its...

Banking

Baker & McKenzie receives Hungarian Tax Firm of the Year award

Baker & McKenzie was named 2016 European Tax Firm of the Year and 2016 Hungary Tax Firm of the Year...

Debt

ÁKK exchanges HUF 18 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 18 bln of floating-rate bonds maturing in 2019 for floating-rate ones that...

Ratings

Fitch Ratings upgrades Hungarian banks

Fitch Ratings today upgraded the credit ratings of Hungarian banks in connection with the recently announced upgrade of the countryʼs...

Debt

Demand large at three-month bill auction, sale over plan

Hungaryʼs Government Debt Management Center (ÁKK) sold HUF 50 billion of discount three-month T-bills at an auction today, HUF 10...

MNB

MNB: Transactions reduce credit institutionsʼ household loans by HUF 71 bln in Q1

In 2016 Q1 credit institutionsʼ outstanding household loans decreased by HUF 71 billion as a result of transactions, while write-offs...

MNB

MNB: Lending to SMEs grows, but total corporate lending declines in Q1

Credit institutionsʼ lending to small and medium-sized enterprises increased by 3.4% annually in the first quarter of the year, but...

ÁKK sells HUF 56 bln of bonds at auction, HUF 11 bln over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 56 billion of bonds at auction today, raising its original...

ÁKK buys HUF 24.9 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought HUF 24.9 bln of 2017/A bonds before maturity at a reverse auction today,...

MNB to raise FGS cap by HUF 100 bln

The Monetary Council of the National Bank of Hungary (MNB) yesterday decided to raise the limit of the ongoing third...

Parliament approves new taxation system for 2017

The Hungarian Parliament ratified a package of new taxes today which will lower the VAT rate on milk, eggs and...

General government deficit reaches HUF 13.2 bln in May, 2% of full-year target

Hungaryʼs cashflow-based government deficit, excluding local councils, reached HUF 13.2 billion at the end of May, a first reading of...

ÁKK sells planned HUF 40 bln three-month bills, yields slightly up

Hungary’s Government Debt Management Centre (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction today, in line with...

MNB: Government plans considerable easing in 2017 budget bill

The 2.4% ESA deficit targeted by the government in the 2017 budget bill amounts to considerable easing compared to the...

Ministry: Brussels ‘practically destroyed’ Hungary’s voucher system

After submitting a bill to Parliament yesterday that would convert a portion of the national voucher system into cash, the...

ÁKK cuts offer at twelve-month T-bill auction

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 24.0 bln of discount twelve-month T- bills at auction today, cutting its...

Baker & McKenzie receives Hungarian Tax Firm of the Year award

Baker & McKenzie was named 2016 European Tax Firm of the Year and 2016 Hungary Tax Firm of the Year...

ÁKK exchanges HUF 18 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 18 bln of floating-rate bonds maturing in 2019 for floating-rate ones that...

Fitch Ratings upgrades Hungarian banks

Fitch Ratings today upgraded the credit ratings of Hungarian banks in connection with the recently announced upgrade of the countryʼs...

Demand large at three-month bill auction, sale over plan

Hungaryʼs Government Debt Management Center (ÁKK) sold HUF 50 billion of discount three-month T-bills at an auction today, HUF 10...

MNB: Transactions reduce credit institutionsʼ household loans by HUF 71 bln in Q1

In 2016 Q1 credit institutionsʼ outstanding household loans decreased by HUF 71 billion as a result of transactions, while write-offs...

MNB: Lending to SMEs grows, but total corporate lending declines in Q1

Credit institutionsʼ lending to small and medium-sized enterprises increased by 3.4% annually in the first quarter of the year, but...