Finance

Banking

Croatian pension funds’ net assets rise 13% on year

Total net assets of Croatian pension funds reached HRK 134.8 billion (EUR 18 billion) at the end of July, up...

Trade

Hungary’s service exports in the rise in Q2

In the second quarter of 2021, service exports calculated in EUR rose by 21%, while imports fell by 3.4% compared...

Trade

Kosovo’s trade gap widens in July

Kosovo's trade deficit increased by 39.5% year-on-year to EUR 367.7 million in July, the country's statistical office said in a...

MNB

MNB fines pension fund execs for violations

The National Bank of Hungary (MNB) on Thursday said it initiated the dismissal of the managing director and the chairman...

Banking

Voluntary pension fund contributions climb 6.5% in H1

Contributions to voluntary pension funds in Hungary rose 6.5% year-on-year to HUF 68.5 billion in the first half of the...

Debt

ÁKK sells HUF 35 bln of bonds at auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 35 billion of bonds at auction on Thursday, HUF 20 bln less...

Banking

Bulgaria’s non-govt deposit growth slows down in July

The deposits of Bulgaria's non-government sector increased by 11.8% year-on-year in July, reaching BGN 98.2 billion (EUR 50.2 billion), after...

Banking

Romania’s annual bank deposits growth speeds up in July

The deposits of the non-governmental sector in Romanian banks grew 15.3% on the year to RON 442.3 billion (EUR 107...

Banking

Cash stock almost tripled in past decade

In nine years, the stock of cash in circulation in Hungary almost tripled, writes leading business daily Világgazdaság....

Debt

ÁKK sells HUF 28 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold HUF 28 billion of bonds maturing in 2029 and 2034 for ones expiring...

Banking

Most want to begin repayment after September

Retail customers expect positive, future-oriented and problem-solving communication from their financial service provider in the new environment caused by the...

MNB

Policymakers raise base rate 30 bp to 1.5%

The Monetary Council of the National Bank of Hungary (MNB) decided to raise the central bank base rate by 30...

Debt

ÁKK sells HUF 9 bln of 3-month T-bills at auction, under plan

The Government Debt Management Agency (ÁKK) sold HUF 9 billion of discount three-month T-bills at auction on Tuesday, under the...

MNB

MNB weekly QE purchases stand at HUF 53 bln

The National Bank of Hungary (MNB) bought HUF 53 billion of securities in the framework of a quantitative easing program...

Debt

Serbia c/a deficit widens in June

Serbia's current account gap rose to USD 313 million in June from USD 194 million in the corresponding month of...

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...