Finance

Trade

BUD cargo ends 2020 with record traffic in Q4

Budapest Airport handled a total of 134,459 tons of air cargo last year and registered a record quarter at the...

Trade

Romania trade deficit widens in November

Romania's trade deficit widened to EUR 1.573 billion in November 2020, from EUR 1.494 billion in the same month a...

MNB

MNB raises BGS allocation to HUF 1.15 tln

The Monetary Council of the National Bank of Hungary (MNB) decided on Tuesday that effective on Wednesday the central bank...

Banking

EIB lends Magyar Eximbank EUR 200 mln to support recovery

The European Investment Bank (EIB) on Tuesday said it will lend EUR 200 million to Magyar Eximbank, creating a new...

Banking

Raiffeisenbank Bulgaria in EUR 57.8 mln loan guarantee deal with state-run Fund of Funds

Raiffeisenbank Bulgaria, a unit of Austria-based Raiffeisen Bank International, said on Thursday it signed a BGN 113 million (EUR 57.8...

MNB

MNB int’l reserves rise EUR 1.131 bln in December

The international reserves of the National Bank of Hungary (MNB) reached EUR 33.677 bln at the end of December, up...

Banking

Credit Agricole to sell Romanian unit to Vista Bank Romania

French banking group Credit Agricole said that it has signed an agreement to sell its Romanian subsidiary to Vista Bank...

Debt

Croatia’s general gov’t debt edges up in September

Croatia's general government debt edged up 0.1% month-on-month in September, reaching HRK 325 billion (EUR 43.0 billion), the central bank...

Banking

Central bank, public procurement authority partner on strengthening compliance

The National Bank of Hungary (MNB) and the Public Procurement Authority (KH) on Thursday said they agreed to partner on...

MNB

Rate-setters say maintaining ‘favorable financing environment’ key to recovery

Members of the Monetary Council of the National Bank of Hungary (MNB) agreed that maintaining a favorable financing environment and...

Banking

EBRD lending EUR 3.5 mln to N. Macedonia’s Procredit Bank for SMEs

The European Bank for Reconstruction and Development said on Monday that it is extending two loans worth a total of...

MNB

FGS Go! disbursements near HUF 1.5 tln

Under the National Bank of Hungary's (MNB) Funding for Growth Scheme Go! program launched in April 2020, financial institutions have...

MNB

MNB allocates EUR 760 mln of euro liquidity swaps at tender

The National Bank of Hungary (MNB) allocated EUR 760 million of euro liquidity swaps at a tender on Thursday, accepting...

Debt

Pandemic spending lifts state debt ratio to 74.3%

Government expenditures related to the coronavirus pandemic lifted Hungary's state debt relative to GDP to 74.3% at the end of...

MNB

MNB makes HUF 11.4 bln of QE purchases in week without auction

The National Bank of Hungary (MNB) bought close to HUF 11.4 billion of securities in the framework of a quantitative...

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...