Finance

MNB

Economists augur 30 bp rate rise at Aug policy meeting – Reuters poll

Most economists polled by Reuters expect the National Bank of Hungary (MNB) to raise its key rate by 30 bp...

Ratings

Scope upgrades Pannon-Work issuer rating to B+ from B

Ratings on Tuesday said it upgraded the issuer rating of Hungarian staffing company Pannon-Work to B+ from B with a...

Banking

Takarék Mortgage Bank closes H1 with HUF 644 bln in assets

Takarék Mortgage Bank has published its first half-year report on the website of the Budapest Stock Exchange....

Debt

ÁKK sells HUF 27 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold HUF 27 bln of bonds maturing in 2029 and 2034 accepting ones expiring...

Banking

Most using baby support loan for housing

The unbroken popularity of baby support loan is indicated by the fact that, according to the data of the National...

Debt

Romania’s c/a rises in H1

In the first six months of 2021, the balance-of-payments current account in Romania posted a deficit of EUR 7,040 million,...

Debt

Hungary state debt ratio falls in Q2 

Hungary's state debt relative to GDP fell to 77.6% at the end of Q2 after reaching 81% in the previous...

Debt

ÁKK sells HUF 15 bln of 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...

Debt

Lithuania c/a surplus narrows in June

Lithuania's current account surplus shrank to EUR 96.8 million in June, from EUR 209.4 million in the corresponding month of...

Banking

OTP group issues HUF 5 bln green mortgage bond

OTP Mortgage Bank on Monday announced the issue of a HUF 5 billion green mortgage bond, the first one issued...

MNB

MNB weekly QE purchases reach HUF 53 bln

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

Ratings

Scope upgrades Masterplast to BB-

Listed Hungarian building materials maker Masterplast on Monday said Scope Ratings upgraded its issuer rating to BB- from B+ with...

Trade

Bulgaria trade gap widens in June

Bulgaria's trade deficit increased to some BGN 3.6 billion (EUR 1.8 billion) in the first six months of 2021, compared...

Ratings

S&P affirms Hungary ‘BBB’ sovereign rating with stable outlook

S&P Global Ratings affirmed Hungary's 'BBB' sovereign rating with a stable outlook at a scheduled review, according to a report...

Banking

OTP profits rose 55%

Second-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, rose 55% year-on-year to HUF 121.8 billion as risk costs...

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...