Finance

Debt

Serbian public debt at EUR 28.07 bln at end-May

Serbia's public debt stood at EUR 28.07 billion at the end of May, accounting for 55.6% of gross domestic product...

MNB

MNB to launch HUF 200 bln green home loan credit scheme

The National Bank of Hungary (MNB) on Tuesday said it will launch a HUF 200 bln preferential credit scheme to...

MNB

MNB weekly QE purchases close to HUF 58 bln

The National Bank of Hungary (MNB) bought HUF 57.7 billion of securities in the framework of a quantitative easing program...

Banking

Romanian c. bank FX reserves fall in June

The foreign exchange (FX) reserves held by Romania's central bank, excluding gold, totaled EUR 36.83 billion at the end of...

MNB

FGS Go! outlays reach HUF 2.91 tln

Outlays of the Funding for Growth Scheme (FGS) Go!, a central bank program that aims to ensure SMEs cheap credit...

MNB

MNB instructs lenders on borrowers leaving moratorium

The National Bank of Hungary (MNB) on Friday said it instructed lenders to give borrowers who leave the repayment moratorium...

Debt

Czech gov’t debt up in Q1

The nominal debt of Czech government institutions rose by CZK 630.3 billion (EUR 24.71 billion) year-on-year to CZK 2.5191 trillion...

Banking

Stock of prenatal baby support loans close to HUF 1.285 tln

Hungarian lenders' stock of prenatal baby support loans came close to HUF 1.285 tln at the end of May, up...

MNB

MNB allocates EUR 292 mln of euro liquidity swaps at tender

The National Bank of Hungary (MNB) allocated EUR 292 million of euro liquidity swaps at a tender on Wednesday, accepting...

Debt

Gen gov’t sector deficit at 6.1% of GDP in Q1

According to preliminary data by the Central Statistical Office (KSH), the deficit of the general government sector in the firsst...

Debt

ÁKK exchanges HUF 38.5 bln of bonds

The Government Debt Management Agency (ÁKK) exchanged HUF 38.5 billion of bonds maturing in 2029, 2034, and 2041 for ones...

Debt

COVID spending lifts state debt ratio to 81% of GDP

Government expenditures related to the coronavirus pandemic lifted Hungary's state debt relative to GDP to 81% at the end of...

Banking

Bulgaria’s non-govt deposit growth speeds up in May

Deposits of Bulgaria's non-government sector increased by 11.7% year-on-year at the end of May, reaching BGN 96.4 billion (EUR 49.2...

Banking

Euronet expanding network of ATMs

As a result of cooperation with municipalities and other organizations, Euronet will launch additional ATMs in the coming months, said...

Banking

Croatia total household loans rise in April

Total household loans in Croatia reached HRK 137.5 billion (EUR 18.34 billion) at the end of April, 2021, increasing by...

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...