Finance

Debt

Croatia gross foreign debt up in June

Croatiaʼs gross foreign debt rose 2.8% month-on-month in June, reaching EUR 41.25 billion, the countryʼs central bank said citing preliminary...

Debt

ÁKK sells HUF 46 bln of bonds at switch auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 46 billion of bonds maturing in 2029, accepting ones expiring in 2022...

Banking

OTP signs partnership agreement with SELEC to combat money laundering

OTP Bankʼs IT and Bank Security Directorate and the Southeast European Law Enforcement Center (SELEC) have signed a partnership agreement...

Ratings

Moodyʼs upgrades Slovenia to ʼA3ʼ

Global credit rating agency Moodyʼs has upgraded Sloveniaʼs long-term issuer and senior unsecured bond ratings by one notch to ʼA3ʼ...

MNB

Banks disburse businesses HUF 700 bln under ʼFGS Go!ʼ to date

Banks disbursed about HUF 700 billion to some 10,000 small and medium-size businesses under the National Bank of Hungary (MNB)’s...

Ratings

Scope places Appeninn ratings under review for possible downgrade

Listed property company Appeninn on Friday said Scope Ratings will initiate a review of its credit ratings during which it...

Banking

Romanian central bank FX reserves fall in September

The foreign exchange (FX) reserves held by Romaniaʼs central bank, excluding gold, totaled EUR 32.588 billion at the end of...

MNB

MNB: Pandemic expenditures lift state debt ratio to 70.3%

Government expenditures related to the coronavirus pandemic lifted Hungaryʼs state debt relative to GDP to 70.3% at the end of...

MNB

MNB sees no immediate systemic risk to financial system

Financial stress had increased significantly around March with the onset of the pandemic, but the level of stress was below...

Debt

ÁKK reaches 83% of annual financing target at end-Sep

Hungaryʼs Government Debt Management Agency (ÁKK) on Thursday said it reached 83% of the financing target in its modified annual...

Ratings

Surprisingly Positive Outlook in the Midst of a Crisis

Much to the surprise of many, an international credit rating agency has improved Hungary’s outlook in the middle of the...

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...

MNB

MNB raises rate on collateralized lending facility by 15 bp to 0.75%

The National Bank of Hungary (MNB) raised the rate on its three- and five-year collateralized lending facility by 15 bp...

Banking

Citi Foundation donates HUF 38,6 mln to Hungarian Red Cross

Citi Foundation announced that it is making a donation worth HUF 38,6 million to the Hungarian Red Cross to support...

Trade

Container cargo volume from China up 13%

Intermodal container cargo volume from China arriving at the Rail Cargo Terminal-BILK freight terminal in Budapest rose about 13% between...

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...

Banking

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...

Banking

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

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

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...

Banking

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...

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...

MNB

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...

Banking

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...

Banking

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...

Trade

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...

Ratings

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...

MNB

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...