Finance

Trade

30 Hungarian SMEs awarded grants

Minister of Foreign Affairs and Trade Péter Szijjártó yesterday presented certificates awarding 30 Hungarian SMEs grants to promote exports, according...

Debt

ÁKK sells HUF 93.5 bln of bonds, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 93.5 billion of bonds at auction on Thursday, HUF 18.5...

Banking

A New Bretton Woods Moment

For this week’s corporate finance column, former World Banker Les Nemethy takes a sobering look at the time bombs ticking...

Debt

ÁKK sells HUF 37.5 bln of securities at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 37.5 billion of securities at auction on Wednesday, HUF 7.5...

Trade

Kosovo trade gap shrinks in September

Kosovoʼs trade deficit decreased by 4.5% year-on-year to EUR 245.5 million (USD 290 million) in September, as exports increased while...

Banking

Digital Welfare Financial Trademark Program to be launched

The Digital Welfare Financial Trademark Program will be launched, under which financial institutions, credit institutions and insurers based in Hungary...

Debt

Hungary gen govʼt deficit 2.1% of GDP in 2019

Hungaryʼs general government ran a HUF 985 billion deficit last year, equivalent to 2.1% of GDP, state news wire MTI...

MNB

FGS Go! credit supports investments, working capital

Credit lenders have disbursed in the framework of the Funding for Growth Scheme (FGS) Go! of the National Bank of...

Banking

Bulgariaʼs non-govʼt deposits growth speeds up in September

Deposits of Bulgariaʼs non-government sector rose by an annual 9% to BGN 89.8 billion (EUR 45.9 billion) at the end...

Banking

Romaniaʼs annual bank deposits growth, lending growth speeds up in Sep

The deposits of the non-governmental sector in Romanian banks grew 14.7% year-on-year to RON 397.1 billion (EUR 81 billion) in...

Debt

ÁKK sells HUF 90 bln of bonds at auction, over plan

The Government Debt Management Agency (ÁKK) sold a combined HUF 90 billion of bonds at auction on Thursday, HUF 10...

Debt

Slovak current account deficit shrinks in August

Slovakiaʼs current account deficit narrowed to EUR 93.2 million in August from EUR 433.2 million in the corresponding month of...

Banking

OTP fund managerʼs CyBERG stake over 5% disclosure threshold

The fund manager of OTP Bank, Hungaryʼs biggest commercial lender, now holds a 5.1% stake in CyBERG, a company listed...

Debt

ÁKK sells HUF 36 bln of bonds at switch auction

The Government Debt Management Agency (ÁKK) sold HUF 36 billion of bonds maturing in 2029 and 2033, accepting ones expiring...

Trade

Albaniaʼs 9-month trade gap shrinks by 8.6%

Albaniaʼs trade deficit fell by 8.6% year-on-year to ALL 234 billion (EUR 1.9 billion) in the nine months through September,...

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...