Finance

MNB

Tightening labor market could produce ‘sustained’ wage growth – MNB

Cyclical tightening in the labor market resulting from the economic recovery could keep wage growth high, the National Bank of...

Debt

ÁKK sells HUF 40.5 bln of securities at auction, fraction over plan

The Government Debt Management Agency (ÁKK) sold HUF 40.5 billion of securities at auction on Thursday, HUF 0.5 bln more...

Banking

Czech central bank hikes key rates 

The Czech National Bank (CNB) raised its benchmark two-week repo rate by 25 basis points to 0.50% on Wednesday, in...

Debt

Government deficit reaches HUF 1.312 tln

Hungary's cash flow-based general government deficit, excluding local councils, reached HUF 1.312 trillion at the end of May, widening on...

MNB

CPI to stabilize from mid-2022 on ‘proactive’ monetary policy

The National Bank of Hungary (MNB) said inflation will stabilize around the 3% central bank target from mid-2022 as the...

MNB

MNB advising lenders to allow borrowers to pay interest early

The National Bank of Hungary (MNB) will advise banks to give borrowers who leave the repayment moratorium the chance to...

Banking

Takarék Group balance sheet expands 41% in 2020

Total assets of Hungary's Takarék banking group rose 41% to HUF 3.632 trillion last year, the lender said, according to...

Debt

Slovakia c/a deficit narrows in April

Slovakia's current account deficit narrowed to EUR 77 million in April, from EUR 726.4 million in the corresponding month of...

Debt

Czech Republic’s foreign debt up in Q1

The Czech Republic's foreign debt increased by CZK 6.7 billion in the first quarter reaching CZK 4.3 trillion (EUR 168...

MNB

MNB puts CPI ‘mostly above’ tolerance band till year-end

National Bank of Hungary (MNB) policymakers said inflation "is likely to stay mostly above" the central bank's 2%-4% tolerance band...

MNB

MNB policymakers raise base rate 30 bp to 0.90%

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

Ratings

Fitch affirms Erste Hungary at ‘BBB+’ with stable outlook

Fitch Ratings on Monday affirmed Erste Bank Hungary's long-term issuer default rating at "BBB+" with a stable outlook, according to...

Debt

Croatia’s gross foreign debt up in Feb

Croatia's gross foreign debt rose by 1.03% on a monthly comparison basis in February, reaching EUR 42.022 billion, preliminary central...

MNB

Matolcsy warns 2022 overspending could fuel inflation

National Bank of Hungary (MNB) governor György Matolcsy said he believes the 5.9%-of-GDP general government deficit target in the 2022...

Debt

Bulgaria c/a surplus narrows in April

Bulgaria's current account surplus narrowed to EUR 7.8 million in April from EUR 24.2 million surplus in the same month...

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...