Finance

Banking

Electronic Payments Rising Rapidly in Hungary

Electronic payments are expanding at a "rapid" pace in Hungary and accounted for 36% of all domestic transactions last year,...

Debt

General Gov’t Deficit at HUF 2.763 tln in May

Hungary's cash flow-based general government balance reached HUF 2.763 trillion at the end of May, the Ministry of Finance confirmed...

Ratings

Fitch Affirms Hungary ‘BBB’ Rating With Negative Outlook

Fitch Ratings affirmed Hungary's "BBB" sovereign rating with a negative outlook at a scheduled review on Friday, according to a...

Banking

Voucher Card Spending Could Boost Retail Food Sales

Recent government decisions raising the top-up threshold for the Szép voucher card and making food in supermarkets eligible for purchase...

MNB

MNB Points to ‘Significant’ Rise in Profit Inflation

The practice of companies raising prices to a larger degree than justified by increased costs has had a bigger impact...

Trade

Hungary-China Trade Relationship Soaring to new Heights Firms Told

The Hungary-China Business Meeting was held on June 9 in Budapest’s Corinthia Hotel, offering companies from both countries a chance...

Banking

Rate on General-Purpose Diákhitel Loans to Rise to 7.99%

The rate on free-purpose loans offered by state-owned student loan provider Diakhitel will rise from 4.99% to 7.99% from July...

Debt

ÁKK Sells HUF 29 bln of 3-month T-bills at Auction

The Government Debt Management Agency (ÁKK) sold HUF 29 billion of discount three-month T-bills at auction on Tuesday, HUF 4...

MNB

MNB Cuts O/N Collateralized Loan Rate

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the base rate on hold at 13%,...

Trade

Waberer’s Cuts Avg Age of Int’l Truck Fleet

Waberer's Group has reduced the average age of its Hungarian fleet of trucks in international service to under two-and-a-half years,...

Banking

MBH Bank Sells EUR 75 mln of Bonds at Auction

MBH Bank sold EUR 75 million of bonds at an auction on the Budapest Stock Exchange on Wednesday, an announcement...

Banking

Value of Bank Card Purchases Rises 31% in Q1

The value of purchases in Hungary made with locally-issued bank cards climbed 31% year-on-year to HUF 3.435 tln in the...

Debt

ÁKK Sells HUF 35 bln of 6-month T-bills at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 35 billion of discount six-month T-bills at auction on Wednesday, HUF 10...

Banking

Forint Liquidity of Banking Sector Grows in May

Forint liquidity of the Hungarian banking sector expanded in May, reflected in a rise in lenders' deposits with the central...

Ratings

Scope Affirms Masterplast BB- Issuer Rating, Changes Outlook to Negative

Scope ratings affirmed listed Hungarian building materials maker Masterplast's BB- issuer rating, but changed the outlook to negative from stable...

Banking

Electronic Payments Rising Rapidly in Hungary

Electronic payments are expanding at a "rapid" pace in Hungary and accounted for 36% of all domestic transactions last year,...

Debt

General Gov’t Deficit at HUF 2.763 tln in May

Hungary's cash flow-based general government balance reached HUF 2.763 trillion at the end of May, the Ministry of Finance confirmed...

Ratings

Fitch Affirms Hungary ‘BBB’ Rating With Negative Outlook

Fitch Ratings affirmed Hungary's "BBB" sovereign rating with a negative outlook at a scheduled review on Friday, according to a...

Banking

Voucher Card Spending Could Boost Retail Food Sales

Recent government decisions raising the top-up threshold for the Szép voucher card and making food in supermarkets eligible for purchase...

MNB

MNB Points to ‘Significant’ Rise in Profit Inflation

The practice of companies raising prices to a larger degree than justified by increased costs has had a bigger impact...

Trade

Hungary-China Trade Relationship Soaring to new Heights Firms Told

The Hungary-China Business Meeting was held on June 9 in Budapest’s Corinthia Hotel, offering companies from both countries a chance...

Banking

Rate on General-Purpose Diákhitel Loans to Rise to 7.99%

The rate on free-purpose loans offered by state-owned student loan provider Diakhitel will rise from 4.99% to 7.99% from July...

Debt

ÁKK Sells HUF 29 bln of 3-month T-bills at Auction

The Government Debt Management Agency (ÁKK) sold HUF 29 billion of discount three-month T-bills at auction on Tuesday, HUF 4...

MNB

MNB Cuts O/N Collateralized Loan Rate

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the base rate on hold at 13%,...

Trade

Waberer’s Cuts Avg Age of Int’l Truck Fleet

Waberer's Group has reduced the average age of its Hungarian fleet of trucks in international service to under two-and-a-half years,...

Banking

MBH Bank Sells EUR 75 mln of Bonds at Auction

MBH Bank sold EUR 75 million of bonds at an auction on the Budapest Stock Exchange on Wednesday, an announcement...

Banking

Value of Bank Card Purchases Rises 31% in Q1

The value of purchases in Hungary made with locally-issued bank cards climbed 31% year-on-year to HUF 3.435 tln in the...

Debt

ÁKK Sells HUF 35 bln of 6-month T-bills at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 35 billion of discount six-month T-bills at auction on Wednesday, HUF 10...

Banking

Forint Liquidity of Banking Sector Grows in May

Forint liquidity of the Hungarian banking sector expanded in May, reflected in a rise in lenders' deposits with the central...

Ratings

Scope Affirms Masterplast BB- Issuer Rating, Changes Outlook to Negative

Scope ratings affirmed listed Hungarian building materials maker Masterplast's BB- issuer rating, but changed the outlook to negative from stable...

Electronic Payments Rising Rapidly in Hungary

Electronic payments are expanding at a "rapid" pace in Hungary and accounted for 36% of all domestic transactions last year,...

General Gov’t Deficit at HUF 2.763 tln in May

Hungary's cash flow-based general government balance reached HUF 2.763 trillion at the end of May, the Ministry of Finance confirmed...

Fitch Affirms Hungary ‘BBB’ Rating With Negative Outlook

Fitch Ratings affirmed Hungary's "BBB" sovereign rating with a negative outlook at a scheduled review on Friday, according to a...

Voucher Card Spending Could Boost Retail Food Sales

Recent government decisions raising the top-up threshold for the Szép voucher card and making food in supermarkets eligible for purchase...

MNB Points to ‘Significant’ Rise in Profit Inflation

The practice of companies raising prices to a larger degree than justified by increased costs has had a bigger impact...

Hungary-China Trade Relationship Soaring to new Heights Firms Told

The Hungary-China Business Meeting was held on June 9 in Budapest’s Corinthia Hotel, offering companies from both countries a chance...

Rate on General-Purpose Diákhitel Loans to Rise to 7.99%

The rate on free-purpose loans offered by state-owned student loan provider Diakhitel will rise from 4.99% to 7.99% from July...

ÁKK Sells HUF 29 bln of 3-month T-bills at Auction

The Government Debt Management Agency (ÁKK) sold HUF 29 billion of discount three-month T-bills at auction on Tuesday, HUF 4...

MNB Cuts O/N Collateralized Loan Rate

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the base rate on hold at 13%,...

Waberer’s Cuts Avg Age of Int’l Truck Fleet

Waberer's Group has reduced the average age of its Hungarian fleet of trucks in international service to under two-and-a-half years,...

MBH Bank Sells EUR 75 mln of Bonds at Auction

MBH Bank sold EUR 75 million of bonds at an auction on the Budapest Stock Exchange on Wednesday, an announcement...

Value of Bank Card Purchases Rises 31% in Q1

The value of purchases in Hungary made with locally-issued bank cards climbed 31% year-on-year to HUF 3.435 tln in the...

ÁKK Sells HUF 35 bln of 6-month T-bills at Auction, Over Plan

The Government Debt Management Agency (ÁKK) sold HUF 35 billion of discount six-month T-bills at auction on Wednesday, HUF 10...

Forint Liquidity of Banking Sector Grows in May

Forint liquidity of the Hungarian banking sector expanded in May, reflected in a rise in lenders' deposits with the central...

Scope Affirms Masterplast BB- Issuer Rating, Changes Outlook to Negative

Scope ratings affirmed listed Hungarian building materials maker Masterplast's BB- issuer rating, but changed the outlook to negative from stable...