Finance

Banking

MFB adds to businesses eligible for interest-free microloans

The Hungarian Development Bank (MFB) on Friday said the range of businesses eligible for interest-free microloans the government has launched...

Banking

Serbia’s FX reserves decline in February

The foreign exchange (FX) reserves held by Serbia's central bank fell to EUR 13.4 billion (USD 15.9 billion) at the...

Banking

Policy measures drive lending growth in Hungary

State and central bank credit schemes were an engine of lending growth in Hungary last year, state news wire MTI...

Trade

Lithuania trade balance swing to surplus

Lithuania's trade balance registered a surplus of EUR 107.4 million in January versus a deficit of EUR 106.8 million in...

Banking

EBRD adopts new country strategy for Hungary

The European Bank for Reconstruction and Development (EBRD) on Thursday said its board approved a new country strategy for Hungary,...

Trade

Surplus on external trade in goods at EUR 830 mln in Jan

Surplus on external trade in goods stood at EUR 830 million in January, with exports increasing by 4.9% and imports...

Banking

Hungary banking sector earnings fall on impairment

The combined after-tax profit of Hungary's banking sector fell 43.9% to HUF 390 billion last year as pandemic provisioning weighed,...

Trade

Czech trade surplus increases in January

The Czech Republic's trade surplus increased to CZK 24.613 billion in January from CZK 17.299 billion in the same month...

MNB

MNB extends BGS to public undertakings

National Bank of Hungary (MNB) policymakers decided at a meeting on Tuesday to extend the central bank's Bond Funding for...

Debt

ÁKK exchanged HUF 21.5 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) exchanged HUF 21.5 billion of bonds maturing in 2022 and 2023 for ones maturing...

Banking

Croatia’s c. bank FX reserves up in January

The foreign exchange (FX) reserves held by Croatia's central bank rose by an annual 3.7% at the end of January,...

MNB

MNB scraps QE program series threshold

National Bank of Hungary (MNB) policymakers have decided to remove a limit on the volume of securities series the central...

Trade

Japanese companies plan big investments in Hungary

Japanese companies will make "tens of billions of forints" of investments in Hungary in the coming months, Minister of Foreign...

Banking

Eximbank launches subsidized credit scheme for SMEs

Magyar Eximbank on Monday announced the launch of a subsidized investment credit scheme for microbusinesses and SMEs that export, supply...

Trade

Trade traffic with China increased 

Chinese exports and imports expanded in the first two months of the year due to growing demand, although the outstanding...

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...