Finance

Banking

Value of bank card purchases rises one-third in Q1

The value of purchases in Hungary made with locally-issued bank cards climbed 33% year-on-year to HUF 2.606 tln in the...

Ratings

S&P affirms MOL ‘BBB-‘ rating with stable outlook

S&P Global Ratings on Tuesday affirmed Hungarian oil and gas company MOL's 'BBB-' rating with a stable outlook, according to...

Debt

Hungary C/A deficit reaches EUR 780 mln in April

Hungary's current account had a EUR 780 million deficit in April, state news wire MTI reports, citing preliminary monthly data...

Banking

Hungarians would like to use bank cards more during domestic holidays

People would like to use their bank cards much more often on holiday, but domestic retailers and service providers are...

MNB

MNB allows lenders to include FX funding for mortgage ratio calculation

The National Bank of Hungary (MNB) will allow lenders to include FX funding in the calculation of the Mortgage Funding...

Trade

Slovakia trade balance swings to deficit in Apr

Slovakia's trade balance showed a deficit of EUR 503.3 million in April versus a surplus of EUR 132.6 million in...

Ratings

Fitch affirms Erste Bank Hungary ‘BBB+’ rating; outlook stable

Fitch Ratings on Friday said it affirmed Erste Bank Hungary's 'BBB+' long-term issuer default rating with a stable outlook, according...

MNB

MNB: Key inflation indicators climb over 12%

The National Bank of Hungary (MNB) said the increase in headline inflation was mainly driven by higher prices for core...

Debt

Hungary issues USD 3 bln, EUR 750 mln FX bonds

Hungary has issued USD 3 billion and EUR 750 mln of FX bonds, Finance Minister Mihály Varga said in a...

Ratings

Fitch changes MOL outlook to negative

Fitch Ratings on Wednesday affirmed Hungarian oil and gas company MOL's 'BBB-' credit rating but revised its outlook to negative...

MNB

MNB weighs measures to expand use of instant payment systems

The National Bank of Hungary (MNB) outlined measures it is considering taking to expand the use of the instant electronic...

Trade

Deficit on external trade in goods at EUR 475 million in April

Hungary's deficit on external trade in goods stood at EUR 475 million in April 2022, according to data published by...

Banking

OTP to pay HUF 78.3 bln windfall tax in 2022

OTP Bank, Hungary's biggest commercial lender, will pay HUF 78.3 billion this year on a tax on "extra profit" the...

MNB

MNB int’l reserves fall EUR 253 mln in May

International reserves of the National Bank of Hungary (MNB) stood at EUR 34.059 billion at the end of May, EUR...

Banking

Lenders voice opposition to windfall tax

The Hungarian Banking Association warned that burdening the sector with a windfall tax could reduce lending activity in a statement...

Banking

Value of bank card purchases rises one-third in Q1

The value of purchases in Hungary made with locally-issued bank cards climbed 33% year-on-year to HUF 2.606 tln in the...

Ratings

S&P affirms MOL ‘BBB-‘ rating with stable outlook

S&P Global Ratings on Tuesday affirmed Hungarian oil and gas company MOL's 'BBB-' rating with a stable outlook, according to...

Debt

Hungary C/A deficit reaches EUR 780 mln in April

Hungary's current account had a EUR 780 million deficit in April, state news wire MTI reports, citing preliminary monthly data...

Banking

Hungarians would like to use bank cards more during domestic holidays

People would like to use their bank cards much more often on holiday, but domestic retailers and service providers are...

MNB

MNB allows lenders to include FX funding for mortgage ratio calculation

The National Bank of Hungary (MNB) will allow lenders to include FX funding in the calculation of the Mortgage Funding...

Trade

Slovakia trade balance swings to deficit in Apr

Slovakia's trade balance showed a deficit of EUR 503.3 million in April versus a surplus of EUR 132.6 million in...

Ratings

Fitch affirms Erste Bank Hungary ‘BBB+’ rating; outlook stable

Fitch Ratings on Friday said it affirmed Erste Bank Hungary's 'BBB+' long-term issuer default rating with a stable outlook, according...

MNB

MNB: Key inflation indicators climb over 12%

The National Bank of Hungary (MNB) said the increase in headline inflation was mainly driven by higher prices for core...

Debt

Hungary issues USD 3 bln, EUR 750 mln FX bonds

Hungary has issued USD 3 billion and EUR 750 mln of FX bonds, Finance Minister Mihály Varga said in a...

Ratings

Fitch changes MOL outlook to negative

Fitch Ratings on Wednesday affirmed Hungarian oil and gas company MOL's 'BBB-' credit rating but revised its outlook to negative...

MNB

MNB weighs measures to expand use of instant payment systems

The National Bank of Hungary (MNB) outlined measures it is considering taking to expand the use of the instant electronic...

Trade

Deficit on external trade in goods at EUR 475 million in April

Hungary's deficit on external trade in goods stood at EUR 475 million in April 2022, according to data published by...

Banking

OTP to pay HUF 78.3 bln windfall tax in 2022

OTP Bank, Hungary's biggest commercial lender, will pay HUF 78.3 billion this year on a tax on "extra profit" the...

MNB

MNB int’l reserves fall EUR 253 mln in May

International reserves of the National Bank of Hungary (MNB) stood at EUR 34.059 billion at the end of May, EUR...

Banking

Lenders voice opposition to windfall tax

The Hungarian Banking Association warned that burdening the sector with a windfall tax could reduce lending activity in a statement...

Value of bank card purchases rises one-third in Q1

The value of purchases in Hungary made with locally-issued bank cards climbed 33% year-on-year to HUF 2.606 tln in the...

S&P affirms MOL ‘BBB-‘ rating with stable outlook

S&P Global Ratings on Tuesday affirmed Hungarian oil and gas company MOL's 'BBB-' rating with a stable outlook, according to...

Hungary C/A deficit reaches EUR 780 mln in April

Hungary's current account had a EUR 780 million deficit in April, state news wire MTI reports, citing preliminary monthly data...

Hungarians would like to use bank cards more during domestic holidays

People would like to use their bank cards much more often on holiday, but domestic retailers and service providers are...

MNB allows lenders to include FX funding for mortgage ratio calculation

The National Bank of Hungary (MNB) will allow lenders to include FX funding in the calculation of the Mortgage Funding...

Slovakia trade balance swings to deficit in Apr

Slovakia's trade balance showed a deficit of EUR 503.3 million in April versus a surplus of EUR 132.6 million in...

Fitch affirms Erste Bank Hungary ‘BBB+’ rating; outlook stable

Fitch Ratings on Friday said it affirmed Erste Bank Hungary's 'BBB+' long-term issuer default rating with a stable outlook, according...

MNB: Key inflation indicators climb over 12%

The National Bank of Hungary (MNB) said the increase in headline inflation was mainly driven by higher prices for core...

Hungary issues USD 3 bln, EUR 750 mln FX bonds

Hungary has issued USD 3 billion and EUR 750 mln of FX bonds, Finance Minister Mihály Varga said in a...

Fitch changes MOL outlook to negative

Fitch Ratings on Wednesday affirmed Hungarian oil and gas company MOL's 'BBB-' credit rating but revised its outlook to negative...

MNB weighs measures to expand use of instant payment systems

The National Bank of Hungary (MNB) outlined measures it is considering taking to expand the use of the instant electronic...

Deficit on external trade in goods at EUR 475 million in April

Hungary's deficit on external trade in goods stood at EUR 475 million in April 2022, according to data published by...

OTP to pay HUF 78.3 bln windfall tax in 2022

OTP Bank, Hungary's biggest commercial lender, will pay HUF 78.3 billion this year on a tax on "extra profit" the...

MNB int’l reserves fall EUR 253 mln in May

International reserves of the National Bank of Hungary (MNB) stood at EUR 34.059 billion at the end of May, EUR...

Lenders voice opposition to windfall tax

The Hungarian Banking Association warned that burdening the sector with a windfall tax could reduce lending activity in a statement...