Finance

Trade

Hungarian products to be protected on Chinese market

The geographical indications of 100 EU products, including Tokaj-labeled wine, will be protected on the Chinese market under an agreement...

Trade

Surplus on external trade in services at EUR 1.653 bln in Q3

In the third quarter of 2020, Hungaryʼs surplus on external trade in services stood at EUR 1.653 billion, some EUR...

MNB

Montenegroʼs net FDI rises in Jan-Sept

The net inflow of foreign direct investment (FDI) into Montenegro rose to EUR 345.4 million in the first nine months...

Debt

ÁKK sells HUF 110 bln of bonds at auction, over plan

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

Banking

MKB Q3 earnings fall 29%

Third-quarter after-tax profit of MKB Bank fell 29% year-on-year to HUF 15.5 billion, an earnings report released Thursday shows, state...

MNB

MNB drafts recommendations on environmental governance for banks

The National Bank of Hungary (MNB) is drafting recommendations on environmental governance for banks, deputy governor Csaba Kandrács said at...

Banking

Bulgariaʼs non-govt deposits growth slows in October

Deposits of Bulgariaʼs non-government sector increased by an annual 8.7% to BGN 90.5 billion (EUR 46.3 billion) at the end...

Banking

Romaniaʼs annual bank deposits growth speeds up in October

The deposits of the non-governmental sector in Romanian banks grew 15.4% year-on-year to RON 404.1 billion (EUR 83 billion) in...

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...

Trade

Kosovoʼs trade gap shrinks in October

Kosovoʼs trade deficit decreased by 5.5% year-on-year to EUR 267 million (USD 317 million) in October, as exports increased more...

Debt

ÁKK sells HUF 15 bln of three-month T-bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction on Tuesday, in line...

MNB

Masterplast board to decide on HUF 6 bln BGS issue

The board of listed building materials manufacturer Masterplast will decide on a bond issue up to HUF 6 billion in...

Trade

Bosniaʼs trade gap narrows 20% in Jan-Oct

Bosniaʼs trade deficit decreased by 20% year-on-year to BAM 5.3 billion (USD 3.2 billion) in the ten months through October,...

Debt

ÁKK sells HUF 105 bln of bonds at auction, HUF 15 bln over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 105 billion of bonds at auction on Thursday, HUF 15...

Trade

Poland reports EUR 7.5 bln trade surplus in first nine months

Poland had a foreign trade surplus of around EUR 7.5 billion in the first nine months of this year, the...

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...