Finance

MNB

Higher upside risks could boost inflation outlook – MNB

Members of the Monetary Council of the National Bank of Hungary (MNB) agreed that higher upside risks to inflation could...

Banking

Banking sector profits reach HUF 180 bln in Q1

Net profit of Hungarian banks reached HUF 180 billion in the first quarter, climbing from HUF 3 bln in the...

MNB

International reserves stand at EUR 30 bln

The international reserves of the National Bank of Hungary (MNB) stood at EUR 30.523 billion at the end of May,...

Trade

Trade surplus at EUR 321 mln in April

The surplus on external trade in goods stood at EUR 321 million in April 2021, with the value of both...

MNB

Matolcsy flags possible rate rise in June 

National Bank of Hungary (MNB) governor György Matolcsy said the central bank could raise its key interest rate in June...

Trade

Czech trade balance swing to surplus in April

The Czech Republic's trade balance registered a surplus of CZK 19.338 billion (EUR 760.84 million) in April versus CZK 24.297...

MNB

MNB buys HUF 57 bln in QE securities

The National Bank of Hungary (MNB) bought HUF 57 billion of securities under its quantitative easing program in the week...

Debt

Serbia public debt at 55% of GDP at end-April

Serbia's public debt stood at EUR 27.77 billion at the end of April 2021, accounting for 55% of GDP, figures...

MNB

MNB urges borrowers to begin repaying loans

The National Bank of Hungary (MNB) warned of the risks involved in maintaining a blanket repayment moratorium and urged borrowers...

Banking

IIB subscribes Medicover Schuldschein

The Budapest-based International Investment Bank (IIB) has subscribed a Schuldschein issued by Hungarian private healthcare company Medicover, according to a...

Banking

Romanian central bank FX reserves fall

The foreign exchange (FX) reserves held by Romania's central bank, excluding gold, totaled EUR 37.57 billion at the end of...

Trade

Bulgaria’s energy regulator endorses 20% hike of natgas price

Bulgaria's Energy and Water Regulatory Commission (EWRC) has endorsed a price of BGN 45.27/MWh (EUR 23.14/megawatt-hour) for natural gas, effective...

MNB

FGS Go! outlays near HUF 2.6 tln

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

Banking

Hungarians’ propensity to borrow recovers to pre-crisis levels

About 11% of Hungarians plan to take out a loan in the coming year, state news wire MTI reports, citing...

Debt

ÁKK sells HUF 35 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold HUF 35 billion of bonds maturing in 2029, 2034, and 2038 accepting ones...

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...