Finance

Debt

ÁKK sells HUF 18.5 bln of bonds at switch auction, below plan

The Government Debt Management Agency (ÁKK) sold HUF 18.5 bln of bonds maturing in 2029, 2034, and 2038, accepting ones...

Banking

Croatian household financial assets rise in Q1

At the end of the first quarter of 2021, Croatian citizens' financial assets totaled HRK 545.3 billion (EUR 72.64 billion),...

Debt

Matolcsy again argues for reining in budget deficit

National Bank of Hungary (MNB) governor György Matolcsy reiterated and refined arguments for reining in next year's budget deficit in...

MNB

MNB FX swap stock edges lower after tender

The outstanding stock of the National Bank of Hungary's (MNB) FX swaps, which the central bank uses to pump liquidity...

Banking

170,000 couples take out prenatal baby support loans

So far, 170,000 married couples have taken out prenatal baby support loans, Minister for Families Katalin Novák said in a...

Ratings

Scope assigns MFB BBB+ rating

Scope Ratings has assigned the state-owned Hungarian Development Bank (MFB) a BBB+ issuer rating, level with its sovereign rating for...

MNB

MNB weekly QE purchases close to HUF 54 bln

The National Bank of Hungary (MNB) bought HUF 53.6 billion of securities in the framework of a quantitative easing program...

Trade

Moldova trade deficit more than doubles in May

Moldova's trade deficit widened sharply to USD 361.7 million in May, from USD 173.7 in the same month of the...

MNB

Baromfi-Coop raises HUF 23.45 bln via green bond

Poultry company Baromfi-Coop has secured HUF 23.45 billion of financing with the issue of a green bond under the Bond...

MNB

Preferential capital requirements support green financing

Nine lenders, accounting for 58% of the banking sector balance sheet, have availed of preferential capital requirements for green financing...

MNB

Masterplast takes initial steps to BGS bond issue

Listed Hungarian building materials maker Masterplast said it has taken the initial steps to issue 10-year security in the framework...

Debt

Romania c/a gap widens sharply in May

Romania's current account deficit widened to EUR 1.61 billion in May, from EUR 0.93 billion in the same month last...

MNB

Transaction-based pricing ‘remains a problem’ – MNB

The National Bank of Hungary (MNB) said transaction-based pricing "remains a problem" affecting the further expansion of electronic transfers in...

Trade

Bulgaria trade deficit widens in May

Bulgaria's trade gap widened to BGN 906.6 million (EUR 463.5 million) in May from BGN 242.9 million in the corresponding...

Debt

ÁKK sells HUF 79 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 79 billion of bonds at auction on Thursday, HUF 17...

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...