Finance

Debt

Croatia gross foreign debt down in July

Croatiaʼs gross foreign debt edged down 0.8% month-on-month in July, reaching EUR 41.1 billion, preliminary central bank figures show....

Trade

Trade surplus at EUR 1.1 bln in September

Hungaryʼs surplus on external trade in goods was EUR 1.1 billion in September 2020, with the value of both exports...

Banking

Record Bond Issuance and New Markets at EXIM Hungary

The Hungarian Export Credit Agency (EXIM) became the talk of the town recently, after successfully performing a bond issuance, raising...

Debt

ÁKK sells HUF 117.5 bln of bonds at auction, over plan

The Government Debt Management Agency (AKK) sold a combined HUF 117.5 billion of bonds at auction on Thursday, HUF 32.5...

Banking

EBRD lending EUR 15 mln to Moldova Agroindbank to support investment by SMEs

The European Bank for Reconstruction and Development said Tuesday it approved a EUR 15 million senior unsecured loan to Moldova-Agroindbank...

Banking

Home loan outlays reach HUF 91.4 bln in September

Hungarian households took out HUF 91.4 billion of home loans in September, the highest monthly level in years, state news...

Banking

Erste Group reports net income down 77%

Austriaʼs Erste Group booked net income of EUR 27.3 million at its business in Hungary in Q1-Q3, down 77% from...

Debt

ÁKK sells HUF 60 bln of bonds at switch auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 60 billion of bonds maturing in 2029 and 2033, accepting ones expiring...

Banking

Romania central bank FX reserves rise in October

The foreign exchange (FX) reserves held by Romaniaʼs central bank, excluding gold, totaled EUR 33.795 billion at the end of...

MNB

MNB fines Raiffeisen Bank HUF 49 mln

The National Bank of Hungary (MNB) yesterday said it had fined Raiffeisen Bank and its leasing unit a combined HUF...

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

MNB puts fiscal impact of pandemic measures at 7.3% of GDP

The National Bank of Hungary (MNB) estimates the direct cost of government measures to manage the impact of the pandemic...

Banking

Leasing outlays fall 23% in Q1-Q3

Leasing outlays in Hungary reached HUF 425 billion in Q1-Q3, down 23p% from the same period a year earlier, the...

Banking

AKKO Invest shares enter Premium category of BSE

Asset management company AKKO Investʼs shares are now being traded in the Premium category of the Budapest Stock Exchange (BSE),...

Debt

Bulgariaʼs gross foreign debt up in August

Bulgariaʼs gross foreign debt totaled EUR 36.0 billion at the end of August, up 3.4% year-on-year, the central bank said...

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...