Finance

Debt

ÁKK sells more than planned bonds at auction, yields drop

The Government Debt Management Agency (ÁKK) sold a combined HUF 53 bln of bonds at auction today, HUF 3 bln...

MNB

EC puts Hungary 2016 GDP growth at 2.1%

The European Commission projected that Hungaryʼs economy will grow by 2.1% this year and 2.5% next year, as part of...

Banking

CEU Business School column: Hungary’s tax system misses the mark

When it comes to encouraging growth and improving income distribution, the country’s tax regime seems inadequate. ...

MNB

Hungarian banksʼ corporate loans drop in 2015

Banksʼ lending to Hungarian companies dropped last year, in contrast to 2014, when cheap credit available to small- and medium-size...

Debt

ÁKK: Demand moderate, yields rise at three-month bill auction

The Government Debt Management Agency (ÁKK) sold the originally planned HUF 40 billion of discount three-month T-bills on moderate subscription...

MNB

MNB Chief: Bankʼs SME lending could grow by 10% in a year

Hungarian bankʼs lending to small and medium-size enterprises (SMEs) could grow by 8-10% in a year, aided by the National...

Banking

Óbuda considers tax on ugly buildings

The local council of Óbuda, Budapest’s Third District, is discussing plans to introduce a tax on buildings that are considered...

MNB

MNB allots HUF 618 bln of new IRS linked to lending

The National Bank of Hungary (MNB) allotted HUF 618 billion of a new three-year interest rate swap (IRS) conditional on...

Ratings

ÁKK chief: Hungary to refinance maturing FX debt mainly with forint issues

Hungary will refinance its maturing FX debt mainly with forint issues, but will also issue FX debt if necessary, the...

Debt

ÁKK sells HUF 48 bln of securities at auction, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 48 bln of government securities at auction today, as planned,...

MNB

Forint weaker on interbank market

The forint was trading at 3123.47 to the euro late Wednesday on the interbank forex market, down from final quotes...

Banking

Casinos required to pay more than HUF 7 bln in taxes in 2015

Hungarian casinos were due to pay a combined gambling tax of HUF 7.375 billion in 2015, reduced to HUF 3.086...

Banking

Editorial: New Yearʼs resolutions weʼd like to see

The following is the editorial from the Budapest Business Journalʼs January 15 biweekly edition....

MNB

Report: Liquidator taking Saxo Bank to court to reclaim Buda-Cash client assets

Penzügyi Stabilitasi és Felszámoló (PSFN), a non-profit liquidator owned by the National Bank of Hungary, has launched a court proceeding...

MNB

EC: Fiscal stress in Hungary limited, but some risks in medium term

Hungary is not likely to experience significant fiscal stress in the short-term, but there could be medium risks in the...

Debt

ÁKK sells more than planned bonds at auction, yields drop

The Government Debt Management Agency (ÁKK) sold a combined HUF 53 bln of bonds at auction today, HUF 3 bln...

MNB

EC puts Hungary 2016 GDP growth at 2.1%

The European Commission projected that Hungaryʼs economy will grow by 2.1% this year and 2.5% next year, as part of...

Banking

CEU Business School column: Hungary’s tax system misses the mark

When it comes to encouraging growth and improving income distribution, the country’s tax regime seems inadequate. ...

MNB

Hungarian banksʼ corporate loans drop in 2015

Banksʼ lending to Hungarian companies dropped last year, in contrast to 2014, when cheap credit available to small- and medium-size...

Debt

ÁKK: Demand moderate, yields rise at three-month bill auction

The Government Debt Management Agency (ÁKK) sold the originally planned HUF 40 billion of discount three-month T-bills on moderate subscription...

MNB

MNB Chief: Bankʼs SME lending could grow by 10% in a year

Hungarian bankʼs lending to small and medium-size enterprises (SMEs) could grow by 8-10% in a year, aided by the National...

Banking

Óbuda considers tax on ugly buildings

The local council of Óbuda, Budapest’s Third District, is discussing plans to introduce a tax on buildings that are considered...

MNB

MNB allots HUF 618 bln of new IRS linked to lending

The National Bank of Hungary (MNB) allotted HUF 618 billion of a new three-year interest rate swap (IRS) conditional on...

Ratings

ÁKK chief: Hungary to refinance maturing FX debt mainly with forint issues

Hungary will refinance its maturing FX debt mainly with forint issues, but will also issue FX debt if necessary, the...

Debt

ÁKK sells HUF 48 bln of securities at auction, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 48 bln of government securities at auction today, as planned,...

MNB

Forint weaker on interbank market

The forint was trading at 3123.47 to the euro late Wednesday on the interbank forex market, down from final quotes...

Banking

Casinos required to pay more than HUF 7 bln in taxes in 2015

Hungarian casinos were due to pay a combined gambling tax of HUF 7.375 billion in 2015, reduced to HUF 3.086...

Banking

Editorial: New Yearʼs resolutions weʼd like to see

The following is the editorial from the Budapest Business Journalʼs January 15 biweekly edition....

MNB

Report: Liquidator taking Saxo Bank to court to reclaim Buda-Cash client assets

Penzügyi Stabilitasi és Felszámoló (PSFN), a non-profit liquidator owned by the National Bank of Hungary, has launched a court proceeding...

MNB

EC: Fiscal stress in Hungary limited, but some risks in medium term

Hungary is not likely to experience significant fiscal stress in the short-term, but there could be medium risks in the...

ÁKK sells more than planned bonds at auction, yields drop

The Government Debt Management Agency (ÁKK) sold a combined HUF 53 bln of bonds at auction today, HUF 3 bln...

EC puts Hungary 2016 GDP growth at 2.1%

The European Commission projected that Hungaryʼs economy will grow by 2.1% this year and 2.5% next year, as part of...

CEU Business School column: Hungary’s tax system misses the mark

When it comes to encouraging growth and improving income distribution, the country’s tax regime seems inadequate. ...

Hungarian banksʼ corporate loans drop in 2015

Banksʼ lending to Hungarian companies dropped last year, in contrast to 2014, when cheap credit available to small- and medium-size...

ÁKK: Demand moderate, yields rise at three-month bill auction

The Government Debt Management Agency (ÁKK) sold the originally planned HUF 40 billion of discount three-month T-bills on moderate subscription...

MNB Chief: Bankʼs SME lending could grow by 10% in a year

Hungarian bankʼs lending to small and medium-size enterprises (SMEs) could grow by 8-10% in a year, aided by the National...

Óbuda considers tax on ugly buildings

The local council of Óbuda, Budapest’s Third District, is discussing plans to introduce a tax on buildings that are considered...

MNB allots HUF 618 bln of new IRS linked to lending

The National Bank of Hungary (MNB) allotted HUF 618 billion of a new three-year interest rate swap (IRS) conditional on...

ÁKK chief: Hungary to refinance maturing FX debt mainly with forint issues

Hungary will refinance its maturing FX debt mainly with forint issues, but will also issue FX debt if necessary, the...

ÁKK sells HUF 48 bln of securities at auction, as planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 48 bln of government securities at auction today, as planned,...

Forint weaker on interbank market

The forint was trading at 3123.47 to the euro late Wednesday on the interbank forex market, down from final quotes...

Casinos required to pay more than HUF 7 bln in taxes in 2015

Hungarian casinos were due to pay a combined gambling tax of HUF 7.375 billion in 2015, reduced to HUF 3.086...

Editorial: New Yearʼs resolutions weʼd like to see

The following is the editorial from the Budapest Business Journalʼs January 15 biweekly edition....

Report: Liquidator taking Saxo Bank to court to reclaim Buda-Cash client assets

Penzügyi Stabilitasi és Felszámoló (PSFN), a non-profit liquidator owned by the National Bank of Hungary, has launched a court proceeding...

EC: Fiscal stress in Hungary limited, but some risks in medium term

Hungary is not likely to experience significant fiscal stress in the short-term, but there could be medium risks in the...