Finance

Debt

ÁKK sells HUF 45 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 45 billion of securities at auction on Thursday, according to...

Debt

Polish c/a surplus decreases in February

Poland's current account surplus narrowed to EUR 1,619 million in February from EUR 1,738 million in the corresponding month of...

Debt

ÁKK sells HUF 38 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold HUF 38 billion of bonds maturing in 2029, 2034, and 2038, accepting ones...

Trade

Latvia trade deficit narrows in February

Latvia's trade deficit fell to EUR 49.4 million in February from EUR 105.6 million in the same month last year,...

MNB

Central 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...

Banking

Businesses apply for over HUF 25 bln of recovery microloans

So far, more than 3,200 microbusinesses and SMEs have applied for over HUF 25 billion in interest-free microloans the government...

MNB

External balance indicators improve in spite of pandemic

Hungary's external balance indicators improved last year, in spite of the pandemic, the National Bank of Hungary (MNB) said in...

Trade

Romania trade deficit widens in February

Romania's trade deficit increased to EUR 1.889 billion in February from EUR 1.295 billion in the same month last year,...

Banking

Good awareness of multi-stage bank card ID process

Nine out of 10 credit card holders have already heard of the multi-stage identification that came into effect on January...

Ratings

Scope downgrades Appeninn

Listed real estate holding company Appeninn on Monday said it was downgraded by Scope Ratings, according to a report by...

Trade

Czech Republic trade surplus increases in Feb

Czech Republic's trade surplus rose to CZK 22.496 billion (EUR 871.36 million) in February from CZK 20.267 billion in the...

Banking

Businesses apply for over HUF 20 bln of recovery microloans

So far, almost 3,000 microbusinesses and SMEs have applied for HUF 20.4 billion in interest-free microloans the government has launched...

MNB

Monetary Council wary of inflation volatility

The Monetary Council of the National Bank of Hungary (MNB) agreed that measures of underlying inflation should remain in its...

Debt

Serbia public debt falls at end-February

Serbia's public debt totaled EUR 27.0 billion (USD 31.7 billion) at the end of February, the country's Finance Ministry said,...

Trade

Surplus on external trade in goods at EUR 856 mln in Feb

The surplus on external trade in goods amounted to EUR 856 million in February, according to data published by the...

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...