Finance

Debt

Montenegro central govt debt rises in Q1

Montenegro's central government debt went up to EUR 3.57 billion as at the end of March from EUR 3.458 billion...

Debt

Hungary c/a surplus reaches EUR 541 mln in Q1

Hungary's current account surplus reached EUR 541 million in the first quarter, state news wire MTI reports, citing quarterly data...

Banking

Electronic payment options increased in Q1

The number of electronic payment options increased significantly in the first quarter of 2021, based on the latest payment data...

Debt

Bosnia’s public debts up 3% in 2020

The public debts of Bosnia and Herzegovina (BiH) reached BAM 12.2 billion (USD 7.5 billion) at the end of last...

Banking

MOL settling options agreement with Commerzbank

Hungarian oil and gas company MOL yesterday said the option rights concerning 888,250 MOL Series "A" ordinary shares under the...

Trade

Magyar Posta changing customs clearance fees

Hungarian postal services company Magyar Posta will change its customs clearance fees from July 1 to comply with changes in...

Debt

Romania c/a gap widens in April

Romania's current account deficit widened to EUR 1.68 billion in April 2021, from EUR 1.28 billion in the same period...

Debt

ÁKK sells HUF 75 bln of bonds at auction

The Government Debt Management Agency (ÁKK) sold HUF 75 billion of bonds at auction on Thursday, HUF 10 bln more...

Debt

Lithuania c/a surplus shrinks in April

Lithuania recorded a current account surplus of EUR 10.91 million in April, lower than a EUR 251.04 million surplus in...

Debt

Poland reports c/a surplus for April 

Poland's current account surplus widened to EUR 1.74 billion in April, from EUR 0.72 billion in the same period last...

Debt

Albania gross foreign debt rises in Q1

Albania's gross foreign debt totaled EUR 8.85 billion (USD 10.8 billion) at the end of March, up 3.5% compared to...

Banking

Banking sector liquidity rises in May

Forint liquidity of the Hungarian banking sector grew in May, reflected by increases in the average stock of credit institutions'...

Trade

Interactive Brokers Central Europe Eyes Regional Expansion From Budapest

Interactive Brokers eyes rapid growth in terms of clients and staff globally and regionally, founding chairman Thomas Peterffy told reporters...

Debt

Serbia’s public debt rises in April

Serbia's public debt totaled EUR 27.7 billion (USD 33.8 billion) at the end of April, the finance ministry said....

Trade

Estonia trade deficit widens in April

Estonia's trade deficit widened to EUR 78 million in April from EUR 67.8 million in the same month last year...

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...