Finance

Debt

ÁKK sells HUF 97.5 bln of bonds at auction, over plan 

The Government Debt Management Agency (ÁKK) sold HUF 97.5 bln of bonds at auction on Thursday, HUF 32.5 bln over...

Banking

KBC earnings in Hungary fall more than one-third

Belgium's KBC booked net income of EUR 114 million at its business in Hungary last year, down 34%, as impairment...

Trade

Romania trade deficit widens in December

Romania's trade deficit increased to EUR 1.952 billion in December 2020, from EUR 1.773 billion in the same month a...

Banking

EIB increases investments in Slovenia in 2020

The European Investment Bank increased its investment in the Slovenian economy by 20% to EUR 221 million in 2020, according...

Trade

Czech trade balance surplus slows in December

The Czech Republic registered a surplus of CZK 17.718 billion (some EUR 689.6 million) in December compared to a deficit...

Trade

Slovakia trade balance swing to surplus in December

Slovakia's trade balance registered a surplus of EUR 158.7 million in December versus a deficit of EUR 217.2 million in...

Banking

OTP offering HUF 15 mln condominium tender

OTP Bank has announced its condominium tender again this year, in which 20 residential communities can receive a total of...

Debt

Serbia’s public debt rises in December

Serbia's public debt stood at EUR 26.66 billion, or 56.8% of the country's gross domestic product (GDP), at the end...

MNB

MNB launches compulsory vehicle insurance premium index

The National Bank of Hungary (MNB) on Monday launched an index showing annualized changes to average premiums on compulsory vehicle...

Trade

Surplus on external trade in goods at EUR 310 mln in Dec

The surplus on external trade in goods stood at EUR 310 million in December 2020, with the value of exports...

Trade

Polish exports up almost 10% on year in Dec, institute says

According to a forecast by economists from the Polish National Chamber of Commerce (KIG), Poland's exports in December 2020 grew...

Banking

EIB boosts Western Balkans financing by 50% in 2020

The European Investment Bank (EIB) increased its investments in the Western Balkans by 50% in 2020 to a total of...

MNB

MNB int’l reserves fall EUR 430 mln in January

The international reserves of the National Bank of Hungary (MNB) stood at EUR 33.248 billion at the end of January,...

MNB

MNB extends EUR 4 bln ECB repo line  

The National Bank of Hungary (MNB) on Thursday said the maturity of a EUR 4bn repo line it has with...

Debt

ÁKK sells HUF 43.5 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 43.5 billion of securities at auction on Wednesday, HUF 3.5...

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...