Finance

MNB

RBI reports €81 million loss in Hungary through Q3

Yesterday’s release of a Q3 earnings report for Raiffeisen Bank International (RBI) showed that the financial institution has taken an...

MNB

MNB governor: Easing cycle can continue

The National Bank of Hungary (MNB) can continue its easing cycle as long as the rate of inflation continues to...

Ratings

Varga: Strong demand at bond issue shows confidence in Hungary

Five-fold demand for a $2 billion dollar bond Hungary issued on Monday reflects investors’ long-term confidence in the country, Economy...

MNB

“Hundreds of thousands” could participate in fx loan bailout plan

Recently approved legislation that broadens the eligibility for an exchange rate cap scheme could attract borrowers “in the hundreds of...

Debt

ÁKK begins prepping $2 billion bond release

Hungary’s Government Debt Management Agency (ÁKK) on Monday announced preparations for the issue of a 10-year dollar bond. The issue...

MNB

Deputy CEO: Taxes “significantly burden” OTP Bank profitability

After an announcement of not exactly shining third-quarter results, OTP Bank deputy CEO László Bencsik stated at a press conference...

Banking

Demján: Hungary needs 10-year plan for trade sector

National Association of Entrepreneurs and Employers (VOSz) president Sándor Demján today stated that government and business leaders must consider formulation...

MNB

EBRD revises Hungary GDP growth forecast upward

In step with analysts at JP Morgan, the European Bank for Reconstruction and Development (EBRD) raised its forecast for GDP...

MNB

JP Morgan upgrades Hungary growth forecast

JP Morgan said on Friday it had significantly upgraded its forecast for Hungary’s GDP growth on the back of a...

Banking

Tobacco excise tax revenue almost HUF 29 billion in October

Revenue from excise tax on tobacco products peaked for the year at HUF 36.2 billion in September and reached HUF...

Banking

Falling cigarette sales could leave budget HUF 40 billion short

A decline in tobacco sales could cause a HUF 40 billion shortfall in revenue from excise tax and VAT, business...

MNB

Central bank: Hungarian system “highly stable”

Hungary’s domestic banking system remains “highly stable,” the National Bank of Hungary (MNB) said in a biannual report on Thursday....

Debt

MNV to issue bonds exchangeable for Richter shares

The Hungarian National Asset Management Company (MNV) will issue bonds worth about €900 million exchangeable for shares of pharmaceutical producer...

MNB

Foreclosure pressure increasing in Hungary

It is no longer a novelty that a large percentage of banks operating in Hungary are loss making. Those that...

MNB

Forex loan legislation to provide incentives for banks

A last-minute amendment to legislation assisting Hungarians with foreign currency-denominated loans gives lenders an incentive to forgive part of borrowers’...

MNB

RBI reports €81 million loss in Hungary through Q3

Yesterday’s release of a Q3 earnings report for Raiffeisen Bank International (RBI) showed that the financial institution has taken an...

MNB

MNB governor: Easing cycle can continue

The National Bank of Hungary (MNB) can continue its easing cycle as long as the rate of inflation continues to...

Ratings

Varga: Strong demand at bond issue shows confidence in Hungary

Five-fold demand for a $2 billion dollar bond Hungary issued on Monday reflects investors’ long-term confidence in the country, Economy...

MNB

“Hundreds of thousands” could participate in fx loan bailout plan

Recently approved legislation that broadens the eligibility for an exchange rate cap scheme could attract borrowers “in the hundreds of...

Debt

ÁKK begins prepping $2 billion bond release

Hungary’s Government Debt Management Agency (ÁKK) on Monday announced preparations for the issue of a 10-year dollar bond. The issue...

MNB

Deputy CEO: Taxes “significantly burden” OTP Bank profitability

After an announcement of not exactly shining third-quarter results, OTP Bank deputy CEO László Bencsik stated at a press conference...

Banking

Demján: Hungary needs 10-year plan for trade sector

National Association of Entrepreneurs and Employers (VOSz) president Sándor Demján today stated that government and business leaders must consider formulation...

MNB

EBRD revises Hungary GDP growth forecast upward

In step with analysts at JP Morgan, the European Bank for Reconstruction and Development (EBRD) raised its forecast for GDP...

MNB

JP Morgan upgrades Hungary growth forecast

JP Morgan said on Friday it had significantly upgraded its forecast for Hungary’s GDP growth on the back of a...

Banking

Tobacco excise tax revenue almost HUF 29 billion in October

Revenue from excise tax on tobacco products peaked for the year at HUF 36.2 billion in September and reached HUF...

Banking

Falling cigarette sales could leave budget HUF 40 billion short

A decline in tobacco sales could cause a HUF 40 billion shortfall in revenue from excise tax and VAT, business...

MNB

Central bank: Hungarian system “highly stable”

Hungary’s domestic banking system remains “highly stable,” the National Bank of Hungary (MNB) said in a biannual report on Thursday....

Debt

MNV to issue bonds exchangeable for Richter shares

The Hungarian National Asset Management Company (MNV) will issue bonds worth about €900 million exchangeable for shares of pharmaceutical producer...

MNB

Foreclosure pressure increasing in Hungary

It is no longer a novelty that a large percentage of banks operating in Hungary are loss making. Those that...

MNB

Forex loan legislation to provide incentives for banks

A last-minute amendment to legislation assisting Hungarians with foreign currency-denominated loans gives lenders an incentive to forgive part of borrowers’...

RBI reports €81 million loss in Hungary through Q3

Yesterday’s release of a Q3 earnings report for Raiffeisen Bank International (RBI) showed that the financial institution has taken an...

MNB governor: Easing cycle can continue

The National Bank of Hungary (MNB) can continue its easing cycle as long as the rate of inflation continues to...

Varga: Strong demand at bond issue shows confidence in Hungary

Five-fold demand for a $2 billion dollar bond Hungary issued on Monday reflects investors’ long-term confidence in the country, Economy...

“Hundreds of thousands” could participate in fx loan bailout plan

Recently approved legislation that broadens the eligibility for an exchange rate cap scheme could attract borrowers “in the hundreds of...

ÁKK begins prepping $2 billion bond release

Hungary’s Government Debt Management Agency (ÁKK) on Monday announced preparations for the issue of a 10-year dollar bond. The issue...

Deputy CEO: Taxes “significantly burden” OTP Bank profitability

After an announcement of not exactly shining third-quarter results, OTP Bank deputy CEO László Bencsik stated at a press conference...

Demján: Hungary needs 10-year plan for trade sector

National Association of Entrepreneurs and Employers (VOSz) president Sándor Demján today stated that government and business leaders must consider formulation...

EBRD revises Hungary GDP growth forecast upward

In step with analysts at JP Morgan, the European Bank for Reconstruction and Development (EBRD) raised its forecast for GDP...

JP Morgan upgrades Hungary growth forecast

JP Morgan said on Friday it had significantly upgraded its forecast for Hungary’s GDP growth on the back of a...

Tobacco excise tax revenue almost HUF 29 billion in October

Revenue from excise tax on tobacco products peaked for the year at HUF 36.2 billion in September and reached HUF...

Falling cigarette sales could leave budget HUF 40 billion short

A decline in tobacco sales could cause a HUF 40 billion shortfall in revenue from excise tax and VAT, business...

Central bank: Hungarian system “highly stable”

Hungary’s domestic banking system remains “highly stable,” the National Bank of Hungary (MNB) said in a biannual report on Thursday....

MNV to issue bonds exchangeable for Richter shares

The Hungarian National Asset Management Company (MNV) will issue bonds worth about €900 million exchangeable for shares of pharmaceutical producer...

Foreclosure pressure increasing in Hungary

It is no longer a novelty that a large percentage of banks operating in Hungary are loss making. Those that...

Forex loan legislation to provide incentives for banks

A last-minute amendment to legislation assisting Hungarians with foreign currency-denominated loans gives lenders an incentive to forgive part of borrowers’...