Finance

MNB

Policymakers agree upside inflation risks persist, minutes show

Members of the Monetary Council of the National Bank of Hungary (MNB) agreed that upside inflation risks persist and reiterated...

Debt

ÁKK sells HUF 27.5 bln of bonds at switch auction

The Government Debt Management Agency (AKK) sold HUF 27.5 billion of bonds maturing in 2029 and 2034, accepting ones expiring...

Trade

Romania trade deficit increases in March

Romania's trade deficit increased to EUR 2.2565 billion in March from EUR 1.849 billion in the same month last year,...

MNB

National Bank buys HUF 60 bln in QE securities

The National Bank of Hungary (MNB) bought HUF 60 billion of securities under its quantitative easing program in the week...

Debt

ÁKK modifies financing plan to accommodate bigger 2021 deficit

The Government Debt Management Agency (ÁKK) on Monday said it modified its 2021 issue plan to meet a planned HUF...

Banking

MNB FX swap stock to fall after tender

Outstanding stock of the National Bank of Hungary's FX swaps, which the central bank uses to pump liquidity into the...

Banking

Banks in CEE on fast track of digitization

The results of analyzes carried out by the S&P Global Ratings team show that banks operating in Central and Eastern...

Debt

Gen gov’t deficit narrows on April surplus

Hungary's cash flow-based general government, excluding local councils, reached nearly HUF 1.044 trillion at the end of April, narrowing from...

Trade

External trade surplus at EUR 1.013 bln in March

In EUR terms, the value of exports was 22% and that of imports 15% higher in March 2021 than in...

Debt

Serbian public debt at 55.7% of GDP at end-March

Serbia's public debt stood at EUR 28.14 billion at the end of March, accounting for 55.7% of GDP, data released...

Banking

Household deposits in Slovenia up to record

Slovenian household deposits at banks rose by over EUR 2 billion to a record EUR 23 billion in the epidemic...

MNB

MNB int’l reserves fall EUR 1.718 bln in April

International reserves of the National Bank of Hungary (MNB) fell by EUR 1.718 bln from the previous month to EUR...

Banking

OTP Q1 profit climbs over HUF 93 bln as provisions drop

OTP Bank, Hungary's biggest commercial lender, booked consolidated first-quarter after-tax profit of HUF 93.3 billion, compared to a loss of...

Debt

ÁKK sells HUF 82.5 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 82.5 billion of bonds at auction on Thursday, HUF 12.5 bln more...

MNB

FGS Go! outlays reach HUF 2.22 tln

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

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...