Finance

Ratings

Fitch confirms Poland’s rating at A- with stable outlook

The Fitch agency confirmed on Friday evening the long-term rating of Poland in foreign currency at A- with a stable...

Debt

Romania’s public debt up by another EUR 1 bln in Jan

Romania's government debt increased by over RON 5 billion (EUR 1 billion) in January, to RON 503.6 billion at the...

Banking

OTP Group participates in first int’l sovereign bond issue

OTP Group has participated in its first international sovereign bond issue, the lender said, according to a report by Hungarian...

Debt

Romania c/a deficit shrinks in January

Romania's current account deficit shrank to EUR 239 million in January, from EUR 376 million in the same month last...

Debt

Polish c/a surplus widens in January

Poland's current account surplus widened to EUR 3,258 million in January from EUR 2,756 million in the corresponding month of...

MNB

MNB buys HUF 60 bln of securities

The National Bank of Hungary (MNB) bought HUF 60 billion of securities in the framework of a quantitative easing program...

Trade

Romania trade deficit narrows in January

Romania's trade deficit in January narrowed from a year ago the decline in imports outpaced the fall in exports, figures...

Trade

Hungary signs financing deal with Norway for NASAMS contract

Hungary has signed an agreement for EUR 348.5 million in financing from Export Credit Norway (ECN) and the Norwegian Export...

Banking

IIB achieves new lowest euro after-swap price

Following the update of its MTN Program registered on February 26, International Investment Bank (IIB) executed its third private placement...

Banking

EIB loans, guarantees in Hungary at EUR 767 mln in 2020

Loans and guarantees of the European Investment Bank (EIB) group to clients in Hungary added up to EUR 767 million...

Banking

Banking sector sentiment improves

The Bank Sentiment Index of the National Bank of Hungary (MNB) has risen to 14 points, after showing negative values...

Banking

Serbia holds key policy rate at record low

The National Bank of Serbia (NBS) said on Thursday it decided to hold its key repo rate at 1%, according...

Banking

Hungarians pay more with bank cards

Hungarians withdrew less cash but made more purchases and paid for more bills with their bank cards in the fourth...

Trade

Slovakia trade surplus increases in January

Slovakia's trade surplus rose in January, as exports rose and imports increased, data from the Slovak Statistical Office showed on...

MNB

GTC Magyarország raises HUF 19.7 bln with BGS bond issue

Property developer GTC Magyarország raised HUF 19.7 billion in proceeds from a 10-year bond issued in the framework of 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...

Banking

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...

Banking

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

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

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...

Banking

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...

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...

MNB

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...

Banking

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...

Banking

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...

Trade

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...

Ratings

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...

MNB

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...