Finance

Banking

MKIK urges broader eligibility for interest-free microloans

The chairman of the Hungarian Chamber of Commerce and Industry (MKIK) said the government should expand eligibility for interest-free microloans...

Trade

Albania’s trade gap expands in Jan

Albania's trade deficit increased by 14.7% year-on-year in January, to ALL 22 billion (USD 214.8 million), as imports rose faster...

Trade

Moldova trade gap widens in December

Moldova's trade gap widened to USD 348.9 million in December of 2020 from USD 321.4 million in the corresponding month...

Ratings

Moody’s changes outlook on Budapest Bank, MKB to positive

Moody's Investors Service (Moody's) has taken rating actions on two Hungarian banks, changing the outlooks on the long-term deposit ratings...

Banking

Insolvencies in Romania down in 2020 

In 2020, 5,564 new insolvency proceedings were opened in Romania, 13% fewer registered in the previous year, reported the reported...

Banking

K&H Bank reports net profit of HUF 42.3 bln in 2020

K&H Bank recorded a net profit of HUF 42.3 billion, a 6% increase y.o.y. on underlying basis, excluding the HUF...

Banking

Varga meets with bank sector leaders

Minister of Finance Mihály Varga met with banking sector leaders to discuss tools lenders can use to support Hungary's economic...

Debt

Romania’s end-2020 foreign debt rises

Romania's foreign debt increased to EUR 125.452 billion at the end of December 2020 from EUR 109.783 billion at the...

Debt

ÁKK sells HUF 35 bln of securities at auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 35 billion of securities at auction on Wednesday, as planned,...

Debt

Pandemic spending lifts state debt ratio to 81% of GDP

Government expenditures related to the coronavirus pandemic lifted Hungary's state debt relative to GDP to 81% at the end of...

Ratings

Moody’s upgrades Lithuania to ‘A2’

Moody's Investors Service on Friday raised Lithuania's sovereign credit rating to 'A2' from 'A3' and assigned a stable outlook, citing...

Banking

Bank deposits of Bulgarian households up 10% in 2020 

The deposits of non-financial enterprises, households and not-for-profit organizations servicing households held in commercial banks by the end of December...

Ratings

Fitch affirms Hungary ‘BBB’ rating; outlook stable

Fitch Ratings affirmed Hungary's 'BBB' sovereign rating with a stable outlook at a scheduled review on Friday, according to a...

Ratings

S&P affirms Hungary ‘BBB’ rating with stable outlook

S&P Global Ratings affirmed Hungary's 'BBB' sovereign rating with a stable outlook at a scheduled review on Friday, according to...

Trade

New Trends Appearing in Office Supplies Market

The office supplies market has been hit hard by the pandemic. The French Lyreco Group, a major player in Hungarian...

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...