Finance

MNB

MNB lifts restrictions on closing FX swap contracts early

The National Bank of Hungary (MNB) said today it will allow lenders to close, before maturity, all unconditional FX swap...

Debt

ÁKK buys HUF 21.2 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought a combined HUF 21.2 bln of bonds before maturity at a reverse auction...

Debt

ÁKK sells HUF 40 bln of three-month bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction today, in line with...

Banking

Government expects 3% GDP growth in 2019

The Hungarian government expects GDP to grow by 3% in 2019, according to a medium-term outlook supplementing the 2016 budget...

Ratings

Fitch affirms Hungaryʼs junk rating, raises outlook to positive

Fitch Ratings affirmed Hungaryʼs "BB plus" sovereign credit rating, one notch below investment grade, in a scheduled review Friday evening....

Banking

Bill would reduce top rate for ad tax to 5.3%

Hungaryʼs government submitted a bill to Parliament on Friday that would apply a 5.3% rate for the advertising tax on...

Banking

Editorial: Real tax overhaul will have to wait – again

The following is the Editorial column from the May 22-June 4 print edition of the Budapest Business Journal....

MNB

BUX further down, OTP weighs

The Budapest Stock Exchangeʼs main BUX index finished down 0.21% at 22,185.55 Thursday, after sliding 0.46% Wednesday. It is up...

MNB

Hungarian banks unanimously commit to boosting lending activity

The Hungarian Banking Association has compiled and presented to the National Bank of Hungary (MNB) local banksʼ commitment to boosting...

Debt

ÁKK sells HUF 52 bln of securities at auction, slightly over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 52 bln of securities at auction today, slightly more than...

MNB

MNB fines three financial institutions HUF 7.5 mln

The National Bank of Hungary (MNB) fined MKB Bank HUF 4 mln, Aegon Magyarország Hitel HUF 1 mln and UCB...

Banking

Bill would amend state debt threshold, could eliminate ad agencies

Hungary’s National Economy Minister Mihály Varga yesterday submitted a bill to Parliament that would amend a rule on a nominal...

MNB

Association: 82% of FX borrowers pay less after settlement

Data from banks show that repayments of 82% of FX borrowers have fallen because of the settlement of compensation due...

MNB

MNB in talks with banking association on conversion of FX personal, car loans

The National Bank of Hungary is in talks with the Hungarian Banking Association on converting foreign currency-denominated personal and car...

MNB

Forint eases on interbank market

The forint was trading at 307.05 to the euro late Wednesday on the interbank forex market, down from 305.85 late...

MNB

MNB lifts restrictions on closing FX swap contracts early

The National Bank of Hungary (MNB) said today it will allow lenders to close, before maturity, all unconditional FX swap...

Debt

ÁKK buys HUF 21.2 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought a combined HUF 21.2 bln of bonds before maturity at a reverse auction...

Debt

ÁKK sells HUF 40 bln of three-month bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction today, in line with...

Banking

Government expects 3% GDP growth in 2019

The Hungarian government expects GDP to grow by 3% in 2019, according to a medium-term outlook supplementing the 2016 budget...

Ratings

Fitch affirms Hungaryʼs junk rating, raises outlook to positive

Fitch Ratings affirmed Hungaryʼs "BB plus" sovereign credit rating, one notch below investment grade, in a scheduled review Friday evening....

Banking

Bill would reduce top rate for ad tax to 5.3%

Hungaryʼs government submitted a bill to Parliament on Friday that would apply a 5.3% rate for the advertising tax on...

Banking

Editorial: Real tax overhaul will have to wait – again

The following is the Editorial column from the May 22-June 4 print edition of the Budapest Business Journal....

MNB

BUX further down, OTP weighs

The Budapest Stock Exchangeʼs main BUX index finished down 0.21% at 22,185.55 Thursday, after sliding 0.46% Wednesday. It is up...

MNB

Hungarian banks unanimously commit to boosting lending activity

The Hungarian Banking Association has compiled and presented to the National Bank of Hungary (MNB) local banksʼ commitment to boosting...

Debt

ÁKK sells HUF 52 bln of securities at auction, slightly over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 52 bln of securities at auction today, slightly more than...

MNB

MNB fines three financial institutions HUF 7.5 mln

The National Bank of Hungary (MNB) fined MKB Bank HUF 4 mln, Aegon Magyarország Hitel HUF 1 mln and UCB...

Banking

Bill would amend state debt threshold, could eliminate ad agencies

Hungary’s National Economy Minister Mihály Varga yesterday submitted a bill to Parliament that would amend a rule on a nominal...

MNB

Association: 82% of FX borrowers pay less after settlement

Data from banks show that repayments of 82% of FX borrowers have fallen because of the settlement of compensation due...

MNB

MNB in talks with banking association on conversion of FX personal, car loans

The National Bank of Hungary is in talks with the Hungarian Banking Association on converting foreign currency-denominated personal and car...

MNB

Forint eases on interbank market

The forint was trading at 307.05 to the euro late Wednesday on the interbank forex market, down from 305.85 late...

MNB lifts restrictions on closing FX swap contracts early

The National Bank of Hungary (MNB) said today it will allow lenders to close, before maturity, all unconditional FX swap...

ÁKK buys HUF 21.2 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought a combined HUF 21.2 bln of bonds before maturity at a reverse auction...

ÁKK sells HUF 40 bln of three-month bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction today, in line with...

Government expects 3% GDP growth in 2019

The Hungarian government expects GDP to grow by 3% in 2019, according to a medium-term outlook supplementing the 2016 budget...

Fitch affirms Hungaryʼs junk rating, raises outlook to positive

Fitch Ratings affirmed Hungaryʼs "BB plus" sovereign credit rating, one notch below investment grade, in a scheduled review Friday evening....

Bill would reduce top rate for ad tax to 5.3%

Hungaryʼs government submitted a bill to Parliament on Friday that would apply a 5.3% rate for the advertising tax on...

Editorial: Real tax overhaul will have to wait – again

The following is the Editorial column from the May 22-June 4 print edition of the Budapest Business Journal....

BUX further down, OTP weighs

The Budapest Stock Exchangeʼs main BUX index finished down 0.21% at 22,185.55 Thursday, after sliding 0.46% Wednesday. It is up...

Hungarian banks unanimously commit to boosting lending activity

The Hungarian Banking Association has compiled and presented to the National Bank of Hungary (MNB) local banksʼ commitment to boosting...

ÁKK sells HUF 52 bln of securities at auction, slightly over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 52 bln of securities at auction today, slightly more than...

MNB fines three financial institutions HUF 7.5 mln

The National Bank of Hungary (MNB) fined MKB Bank HUF 4 mln, Aegon Magyarország Hitel HUF 1 mln and UCB...

Bill would amend state debt threshold, could eliminate ad agencies

Hungary’s National Economy Minister Mihály Varga yesterday submitted a bill to Parliament that would amend a rule on a nominal...

Association: 82% of FX borrowers pay less after settlement

Data from banks show that repayments of 82% of FX borrowers have fallen because of the settlement of compensation due...

MNB in talks with banking association on conversion of FX personal, car loans

The National Bank of Hungary is in talks with the Hungarian Banking Association on converting foreign currency-denominated personal and car...

Forint eases on interbank market

The forint was trading at 307.05 to the euro late Wednesday on the interbank forex market, down from 305.85 late...