Finance

Debt

ÁKK sells HUF 15 bln of discount 3-month T-bills

The Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

MNB buys HUF 50 bln in QE gov’t securities

The National Bank of Hungary (MNB) bought HUF 50 billion of government securities under its quantitative easing program in the...

Trade

Czech trade balance swings to deficit in July

The Czech Republic's trade balance registered a deficit of CZK 7.245 billion (EUR 285.26 million) in July versus a surplus...

MNB

Dates for euro liquidity swaps announced

The National Bank of Hungary (MNB) has announced dates for euro liquidity swaps tenders it will hold late in September...

Banking

Moldova c. bank hikes key rate 

The National Bank of Moldova raised its benchmark interest rate by 100 basis points to 4.65% on Friday, the second...

MNB

MNB international reserves boosted by SDRs

International reserves of the National Bank of Hungary (MNB) stood at EUR 33.724 billion at the end of August, up...

Debt

Bosnia’s foreign debt rises in Q2

Bosnia and Herzegovina's (BiH) foreign debt rose to BAM 9.3 billion (EUR 4.8 billion) at the end of the second...

MNB

2022 deficit could, but presumably won’t, be under target – MNB

The National Bank of Hungary (MNB) raised the possibility of reducing the budget gap at a faster pace next year...

Banking

Companies take out net HUF 209 bln of credit in July

Non-financial companies borrowed net HUF 209 billion from credit institutions in July, state news wire MTI reports, citing monthly data...

Banking

Insurers’ revenue from premiums climbs 11.5% in H1

Hungarian insurers' first-half revenue from premiums rose 11.5% year-on-year to HUF 683.8 billion, data released by the National Bank of...

MNB

MNB expands preferential capital requirement for green financing

The National Bank of Hungary (MNB) yesterday said it expanded preferential capital requirements for green financing it rolled out earlier...

Banking

Romanian c. bank FX reserves rise in August

The foreign exchange reserves held by Romania's central bank, excluding gold, totaled EUR 41.616 billion at the end of August,...

Trade

Serbian trade gap widens in Jan-Jul

Serbia's foreign trade deficit went up 16.1% on the year to USD 4.354 billion (EUR 3.687 billion) in the first...

Ratings

Scope changes outlook on Market Építő rating to ‘stable’

Scope Ratings has affirmed Hungarian construction company Market Építő's BB- issuer rating but revised the outlook to "stable" from "negative",...

Debt

ÁKK sells HUF 11 bln of 3-month T-bills at auction, under plan

The Government Debt Management Agency (ÁKK) sold HUF 11 billion of discount three-month T-bills at auction on Tuesday, HUF 4...

Banking

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

Ratings

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

MNB

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

What Happens Next to What We’ve Built? New Challenges in Family Wealth Planning

Building a successful family business takes decades of work, but its future also depends on how carefully the transfer of...

Hungarian Banks Seek Gradual Reduction in 45% Effective Tax Burden

Hungarian banks hope for a “slow but certain” reduction in their tax burden, Hungarian Banking Association President Radovan Jelasity said...

MNB Probe Widens as International Arrest Warrant Issued for Ádám Matolcsy

International arrest warrants have been issued for Ádám Matolcsy, son of former Hungarian central bank Governor György Matolcsy, and businessman...

MNB Holds Base Rate at 5.5%, Maintains Symmetric Interest Rate Corridor

The Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 5.5% at its monthly...

Gránit Bank Hit by Largest Loan Loss Provision in Its History

Gránit Bank reported an additional approximately HUF 9.4 billion loan loss provision in the third quarter of 2026, the largest...

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

MNB International Reserves Fall to EUR 62.1 bln in September

The National Bank of Hungary’s (MNB) international reserves stood at EUR 62.061 bln at the end of September, down EUR...

K&H Bank and Mastercard Extend Strategic Partnership Through 2030

K&H Bank and Mastercard have extended their exclusive strategic partnership through 2030, with plans to expand personalized digital financial services...

OTP Forecasts Hungary’s GDP Growth at 1.7% in 2026, 2.5% in 2027

Hungary’s economy could expand by 1.7% this year and 2.5% in 2027, with household consumption driving growth in 2026, according...

Hungary Posts EUR 481 mln Trade Deficit as Import Volumes Jump 13%

Hungary recorded a EUR 481 million goods trade deficit in August as import volumes rose 13% year-on-year while export volumes...

Bayer Construct Gets Default Ratings After Bankruptcy Protection Filing

Scope Ratings has assigned default ratings to Bayer Construct following its bankruptcy protection filing, citing financial pressure linked partly to...

Former Central Bank Governor Matolcsy Questioned as Suspect in Erste Case

Police have questioned seven suspects, including former National Bank of Hungary Governor György Matolcsy, in an investigation into alleged abuse...

MNB to Lower Inflation Target to 2.5% From 2028, Holds Base Rate at 5.5%

The National Bank of Hungary (MNB) will lower its inflation target to 2.5% from Jan. 1, 2028, while retaining its...