Finance

Banking

Takarékbank-MKB-Budapest Bank tie-up declared of strategic importance

The government has declared the consolidation of the shares of MTB Magyar Takarékszövetkezeti Bank, MKB Bank, and state-owned Budapest Bank...

Debt

ÁKK sells HUF 45 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 45 billion of securities at auction on Wednesday, HUF 10...

Banking

Cordia raises HUF 4 bln from BGS bond sale

Hungarian property developer Cordia raised HUF 4 billion in proceeds from the sale of a bond issued in the framework...

Banking

Citi to plant 50,000 saplings to mark anniversary in Hungary

Citi Hungary celebrates the 35th anniversary of its presence in the country, and the 15th anniversary of the establishment of...

Debt

Gen govʼt deficit reaches HUF 3.298 tln at end-November

Hungaryʼs cash flow-based general government deficit, excluding local councils, reached about HUF 3.298 trillion at the end of November, lifted...

Trade

Trade surplus at EUR 896 mln in October

The surplus on external trade in goods amounted to EUR 896 million in October, according to data published by the...

MNB

Banking sector profit falls on provisioning

The combined after-tax profit of Hungarian banks fell 45% year-on-year to HUF 305 billion in Q1-Q3 as provisions jumped, state...

Debt

Serbiaʼs public debt increases at the end of October

The public debt of Serbia, at the end of October, amounted to around EUR 26.69 billion, which is 56.9% of...

Banking

Hungary decline in tax-to-GDP ratio steepest in OECD

Hungaryʼs tax-to-GDP fell by 1.7 percentage points last year, more than in any other OECD country, Deputy Finance Minister András...

Banking

Romaniaʼs govʼt borrows 55% above target from local banks in November

Romaniaʼs Finance Ministry borrowed RON 7.86 billion (EUR 1.6 billion) by issuing local currency-denominated debt on the local interbank market...

Debt

ÁKK sells HUF 110 bln of bonds auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 110 billion of bonds at auction on Thursday, HUF 30...

Banking

Poland holds key interest rate

The National Bank of Poland held its benchmark reference rate at a record low of 0.1% during its December meeting,...

MNB

Opus plans HUF 39 bln BGS bond issue

The board of listed holding company Opus Global will ask shareholders for authorization to issue a HUF 39 billion, 10-year...

Debt

Romaniaʼs public deficit exceeds in Jan-Oct

Romaniaʼs budget deficit increased by RON 6.77 billion (nearly EUR 1.4 billion) in October, reaching RON 74.0 bln (EUR 15.2...

Debt

Bulgariaʼs gross foreign debt grows in September

Bulgariaʼs gross foreign debt totaled EUR 37.9 billion at the end of September, up 8.5% on an annual comparison basis,...

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...